111 Capital Makes New Investment in Gartner, Inc. (NYSE:IT)

111 Capital acquired a new stake in shares of Gartner, Inc. (NYSE:IT - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,614 shares of the information technology services provider's stock, valued at approximately $782,000.

Several other institutional investors and hedge funds have also recently modified their holdings of IT. Howard Capital Management Inc. increased its stake in Gartner by 4.4% in the 4th quarter. Howard Capital Management Inc. now owns 452 shares of the information technology services provider's stock worth $219,000 after acquiring an additional 19 shares during the last quarter. Gilbert & Cook Inc. increased its stake in Gartner by 1.5% in the 4th quarter. Gilbert & Cook Inc. now owns 1,364 shares of the information technology services provider's stock worth $661,000 after acquiring an additional 20 shares during the last quarter. Dorsey & Whitney Trust CO LLC increased its stake in Gartner by 2.5% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 826 shares of the information technology services provider's stock worth $400,000 after acquiring an additional 20 shares during the last quarter. Sompo Asset Management Co. Ltd. increased its stake in Gartner by 1.7% in the 4th quarter. Sompo Asset Management Co. Ltd. now owns 1,210 shares of the information technology services provider's stock worth $586,000 after acquiring an additional 20 shares during the last quarter. Finally, Parallel Advisors LLC increased its stake in Gartner by 2.9% in the 4th quarter. Parallel Advisors LLC now owns 737 shares of the information technology services provider's stock worth $357,000 after acquiring an additional 21 shares during the last quarter. Institutional investors own 91.51% of the company's stock.

Insider Activity

In related news, CFO Craig Safian sold 3,415 shares of the business's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $450.17, for a total transaction of $1,537,330.55. Following the completion of the transaction, the chief financial officer now owns 77,890 shares in the company, valued at $35,063,741.30. The trade was a 4.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP John J. Rinello sold 109 shares of the business's stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $436.35, for a total value of $47,562.15. Following the transaction, the senior vice president now owns 3,280 shares of the company's stock, valued at approximately $1,431,228. The trade was a 3.22% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,426 shares of company stock valued at $2,430,327. 2.30% of the stock is currently owned by insiders.

Gartner Trading Up 0.2%

Shares of NYSE IT traded up $0.98 during trading hours on Friday, hitting $436.55. 2,049,055 shares of the company traded hands, compared to its average volume of 465,241. The stock has a market capitalization of $33.60 billion, a price-to-earnings ratio of 27.23, a price-to-earnings-growth ratio of 3.30 and a beta of 1.24. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.81. The company's 50 day moving average price is $420.60 and its 200 day moving average price is $474.09. Gartner, Inc. has a 12 month low of $366.05 and a 12 month high of $584.01.

Gartner (NYSE:IT - Get Free Report) last released its earnings results on Tuesday, May 6th. The information technology services provider reported $2.98 earnings per share for the quarter, beating the consensus estimate of $2.72 by $0.26. The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. Gartner had a return on equity of 116.56% and a net margin of 20.00%. The company's revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.93 EPS. On average, equities research analysts anticipate that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on IT shares. Wall Street Zen downgraded Gartner from a "buy" rating to a "hold" rating in a research note on Friday, March 21st. Robert W. Baird reduced their price objective on Gartner from $605.00 to $557.00 and set an "outperform" rating on the stock in a research note on Friday, March 21st. Wells Fargo & Company reduced their price objective on Gartner from $401.00 to $400.00 and set an "underweight" rating on the stock in a research note on Thursday, May 1st. Barclays reduced their price objective on Gartner from $510.00 to $475.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st. Finally, UBS Group lifted their price objective on Gartner from $500.00 to $525.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $518.67.

About Gartner

Gartner, Inc operates as a research and advisory company in the United States, Canada, Europe, the Middle East, Africa, and internationally. It operates through three segments: Research, Conferences, and Consulting. The Research segment delivers its research primarily through a subscription service that include on-demand access to published research content, data and benchmarks, and direct access to a network of research experts.