2,903 Shares in Gartner, Inc. (NYSE:IT) Purchased by ASR Vermogensbeheer N.V.

Key Points

• ASR Vermogensbeheer N.V. acquired 2,903 shares of Gartner, Inc., worth approximately $1.2 million, during the first quarter, as reported in their 13F filing with the SEC.
• Gartner's most recent earnings report revealed $3.53 EPS, exceeding analysts' expectations, while quarterly revenue increased by 5.7% year-over-year to $1.66 billion.
• Major financial institutions have adjusted their target prices for Gartner, with Wells Fargo & Company reducing theirs from $345 to $225 and several others also lowering their ratings.

ASR Vermogensbeheer N.V. bought a new stake in shares of Gartner, Inc. (NYSE:IT - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,903 shares of the information technology services provider's stock, valued at approximately $1,218,000.

Other institutional investors also recently modified their holdings of the company. Cary Street Partners Financial LLC acquired a new stake in shares of Gartner during the 4th quarter valued at $27,000. Itau Unibanco Holding S.A. increased its stake in shares of Gartner by 453.3% during the 4th quarter. Itau Unibanco Holding S.A. now owns 83 shares of the information technology services provider's stock worth $40,000 after purchasing an additional 68 shares during the last quarter. Olde Wealth Management LLC acquired a new position in shares of Gartner during the 1st quarter worth $42,000. GW&K Investment Management LLC lifted its stake in shares of Gartner by 210.8% in the 1st quarter. GW&K Investment Management LLC now owns 115 shares of the information technology services provider's stock valued at $48,000 after purchasing an additional 78 shares during the last quarter. Finally, Wayfinding Financial LLC acquired a new stake in shares of Gartner in the 1st quarter valued at $55,000. Institutional investors and hedge funds own 91.51% of the company's stock.

Insider Activity

In other news, EVP Akhil Jain sold 625 shares of the business's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $450.00, for a total transaction of $281,250.00. Following the transaction, the executive vice president owned 6,548 shares in the company, valued at approximately $2,946,600. The trade was a 8.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 3.60% of the company's stock.

Gartner Stock Performance

IT traded up $3.21 during trading on Tuesday, hitting $229.19. The stock had a trading volume of 1,584,777 shares, compared to its average volume of 781,615. The firm has a market cap of $17.64 billion, a PE ratio of 14.10 and a beta of 1.19. Gartner, Inc. has a 12 month low of $223.65 and a 12 month high of $584.01. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.61. The company has a 50 day simple moving average of $371.31 and a 200-day simple moving average of $425.49.

Gartner (NYSE:IT - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The information technology services provider reported $3.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.38 by $0.15. Gartner had a net margin of 19.71% and a return on equity of 82.63%. The company had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter in the previous year, the firm posted $3.22 EPS. The business's revenue was up 5.7% compared to the same quarter last year. Analysts expect that Gartner, Inc. will post 12.5 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on IT. The Goldman Sachs Group reduced their price objective on shares of Gartner from $535.00 to $457.00 and set a "buy" rating for the company in a research note on Wednesday, August 6th. Wells Fargo & Company reduced their price objective on shares of Gartner from $345.00 to $225.00 and set an "underweight" rating for the company in a research note on Wednesday, August 6th. BMO Capital Markets reduced their price objective on shares of Gartner from $409.00 to $272.00 and set a "market perform" rating for the company in a research note on Wednesday, August 6th. Morgan Stanley reduced their price objective on shares of Gartner from $455.00 to $322.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 6th. Finally, Barclays reduced their price objective on shares of Gartner from $475.00 to $320.00 and set an "overweight" rating for the company in a research note on Wednesday, August 6th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $369.25.

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.