10,174 Shares in Gartner, Inc. (NYSE:IT) Acquired by Castlekeep Investment Advisors LLC

Castlekeep Investment Advisors LLC bought a new position in Gartner, Inc. (NYSE:IT - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 10,174 shares of the information technology services provider's stock, valued at approximately $4,929,000. Gartner makes up about 0.8% of Castlekeep Investment Advisors LLC's portfolio, making the stock its 28th largest holding.

A number of other large investors have also recently modified their holdings of IT. Cary Street Partners Financial LLC purchased a new stake in shares of Gartner in the 4th quarter worth approximately $27,000. Kestra Investment Management LLC purchased a new position in shares of Gartner in the 4th quarter valued at $29,000. Itau Unibanco Holding S.A. raised its position in shares of 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 acquiring an additional 68 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Gartner during the 4th quarter worth $49,000. Finally, Promus Capital LLC purchased a new stake in shares of Gartner during the 4th quarter worth $57,000. Hedge funds and other institutional investors own 91.51% of the company's stock.

Insider Activity

In other news, EVP William James Wartinbee III sold 538 shares of the company's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $449.09, for a total transaction of $241,610.42. Following the completion of the sale, the executive vice president now owns 7,965 shares of the company's stock, valued at $3,577,001.85. This represents a 6.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Akhil Jain sold 625 shares of the business's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $450.00, for a total value of $281,250.00. Following the transaction, the executive vice president now owns 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 have sold 5,426 shares of company stock worth $2,430,327 in the last ninety days. Company insiders own 2.30% of the company's stock.

Gartner Stock Performance

Shares of IT stock traded down $0.68 during trading hours on Thursday, hitting $434.50. The company's stock had a trading volume of 302,266 shares, compared to its average volume of 457,675. The stock has a market cap of $33.44 billion, a PE ratio of 27.11, a price-to-earnings-growth ratio of 3.30 and a beta of 1.24. The company has a 50 day moving average of $420.18 and a 200 day moving average of $475.67. Gartner, Inc. has a 12-month low of $366.05 and a 12-month high of $584.01. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.81.

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 (EPS) for the quarter, beating analysts' consensus estimates of $2.72 by $0.26. Gartner had a return on equity of 116.56% and a net margin of 20.00%. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the previous year, the company posted $2.93 earnings per share. Gartner's revenue for the quarter was up 4.2% on a year-over-year basis. On average, sell-side analysts forecast that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on IT shares. UBS Group lifted their target price on Gartner from $500.00 to $525.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. Wall Street Zen downgraded shares of Gartner from a "buy" rating to a "hold" rating in a research report on Friday, March 21st. The Goldman Sachs Group decreased their target price on shares of Gartner from $622.00 to $535.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Wells Fargo & Company lowered their target price on shares of Gartner from $401.00 to $400.00 and set an "underweight" rating for the company in a research note on Thursday, May 1st. Finally, Barclays reduced their price target on Gartner from $510.00 to $475.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, Gartner 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.