Crown Oak Advisors LLC Boosts Stake in Gartner, Inc. (NYSE:IT)

Crown Oak Advisors LLC lifted its stake in shares of Gartner, Inc. (NYSE:IT - Free Report) by 3.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,365 shares of the information technology services provider's stock after buying an additional 717 shares during the period. Gartner comprises approximately 4.7% of Crown Oak Advisors LLC's investment portfolio, making the stock its 9th biggest position. Crown Oak Advisors LLC's holdings in Gartner were worth $9,387,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Cary Street Partners Financial LLC bought a new stake in Gartner during the 4th quarter worth approximately $27,000. Kestra Investment Management LLC bought a new position in shares of Gartner during the fourth quarter valued at $29,000. Itau Unibanco Holding S.A. lifted its holdings in shares of Gartner by 453.3% during the fourth 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 period. SBI Securities Co. Ltd. bought a new stake in shares of Gartner in the fourth quarter worth $49,000. Finally, Promus Capital LLC bought a new stake in shares of Gartner in the fourth quarter worth $57,000. 91.51% of the stock is currently owned by institutional investors.

Insider Activity at Gartner

In other Gartner news, EVP William James Wartinbee III sold 538 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $449.09, for a total value of $241,610.42. Following the transaction, the executive vice president now owns 7,965 shares in the company, valued at approximately $3,577,001.85. This represents a 6.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Craig Safian sold 3,415 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $450.17, for a total value of $1,537,330.55. Following the completion of the sale, the chief financial officer now directly owns 77,890 shares of the company's stock, valued at $35,063,741.30. This trade represents a 4.20% decrease in their position. 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 quarter. Company insiders own 3.60% of the company's stock.

Gartner Stock Down 1.1%

Shares of Gartner stock opened at $404.64 on Wednesday. The stock's 50-day moving average is $423.92 and its 200 day moving average is $464.99. Gartner, Inc. has a one year low of $366.05 and a one year high of $584.01. The firm has a market cap of $31.15 billion, a price-to-earnings ratio of 25.18, a PEG ratio of 2.65 and a beta of 1.23. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.09 and a quick ratio of 1.09.

Gartner (NYSE:IT - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The information technology services provider reported $2.98 earnings per share (EPS) 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 analyst estimates of $1.53 billion. Gartner had a return on equity of 96.70% and a net margin of 19.82%. The company's revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.93 earnings per share. Equities research analysts anticipate that Gartner, Inc. will post 12.5 EPS for the current year.

Analyst Upgrades and Downgrades

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

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