Banque Cantonale Vaudoise Buys New Position in Gartner, Inc. (NYSE:IT)

Banque Cantonale Vaudoise purchased 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 Securities and Exchange Commission (SEC). The fund purchased 5,681 shares of the information technology services provider's stock, valued at approximately $2,384,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cary Street Partners Financial LLC purchased a new position in Gartner in the 4th quarter worth approximately $27,000. Itau Unibanco Holding S.A. lifted its holdings in Gartner by 453.3% in the 4th quarter. Itau Unibanco Holding S.A. now owns 83 shares of the information technology services provider's stock worth $40,000 after buying an additional 68 shares in the last quarter. Olde Wealth Management LLC purchased a new position in Gartner in the 1st quarter valued at about $42,000. GW&K Investment Management LLC grew its stake in shares of Gartner by 210.8% during the first quarter. GW&K Investment Management LLC now owns 115 shares of the information technology services provider's stock valued at $48,000 after acquiring an additional 78 shares in the last quarter. Finally, Wayfinding Financial LLC purchased a new stake in shares of Gartner during the first quarter worth about $55,000. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Gartner

In related news, SVP John J. Rinello sold 109 shares of the stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $436.35, for a total value of $47,562.15. Following the sale, the senior vice president owned 3,280 shares of the company's stock, valued at $1,431,228. This trade represents a 3.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Akhil Jain sold 625 shares of Gartner 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 completion of the sale, the executive vice president owned 6,548 shares in the company, valued at approximately $2,946,600. This represents a 8.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,426 shares of company stock valued at $2,430,327 over the last three months. 2.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

IT has been the subject of a number of recent analyst reports. Morgan Stanley lowered their price objective on Gartner from $490.00 to $455.00 and set an "equal weight" rating for the company in a research note on Thursday. The Goldman Sachs Group decreased their price objective on shares of Gartner from $622.00 to $535.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Wells Fargo & Company dropped their target price on shares of Gartner from $400.00 to $345.00 and set an "underweight" rating for the company in a research report on Friday, July 18th. Barclays reduced their price target on shares of Gartner from $510.00 to $475.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. Finally, UBS Group lowered their price objective on Gartner from $500.00 to $480.00 and set a "buy" rating for the company in a report on Tuesday, July 15th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $496.44.

Gartner Stock Performance

IT traded down $5.27 on Thursday, hitting $338.53. 897,841 shares of the company's stock were exchanged, compared to its average volume of 808,973. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.64. The stock has a fifty day moving average of $395.73 and a two-hundred day moving average of $439.06. Gartner, Inc. has a twelve month low of $337.40 and a twelve month high of $584.01. The firm has a market cap of $26.06 billion, a PE ratio of 21.07 and a beta of 1.19.

Gartner (NYSE:IT - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The information technology services provider reported $2.98 earnings per share for the quarter, topping analysts' consensus estimates of $2.72 by $0.26. The business had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.53 billion. Gartner had a return on equity of 96.70% and a net margin of 19.82%. The business's quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the firm earned $2.93 EPS. On average, research analysts anticipate that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Gartner Profile

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.