Czech National Bank Purchases 918 Shares of Gartner, Inc. (NYSE:IT)

Czech National Bank raised its stake in Gartner, Inc. (NYSE:IT - Free Report) by 5.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,643 shares of the information technology services provider's stock after buying an additional 918 shares during the period. Czech National Bank's holdings in Gartner were worth $7,405,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Gartner by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 9,268,639 shares of the information technology services provider's stock valued at $4,490,378,000 after purchasing an additional 100,917 shares in the last quarter. FMR LLC boosted its position in Gartner by 8.6% during the 4th quarter. FMR LLC now owns 2,822,122 shares of the information technology services provider's stock worth $1,367,233,000 after buying an additional 223,087 shares during the period. Geode Capital Management LLC grew its holdings in Gartner by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 2,063,577 shares of the information technology services provider's stock worth $998,400,000 after acquiring an additional 45,219 shares during the last quarter. Principal Financial Group Inc. increased its position in Gartner by 0.6% in the 4th quarter. Principal Financial Group Inc. now owns 2,012,799 shares of the information technology services provider's stock valued at $975,141,000 after acquiring an additional 11,657 shares during the period. Finally, Wellington Management Group LLP raised its stake in shares of Gartner by 12.7% during the fourth quarter. Wellington Management Group LLP now owns 1,662,005 shares of the information technology services provider's stock valued at $805,192,000 after acquiring an additional 187,854 shares during the last quarter. Institutional investors own 91.51% of the company's stock.

Insider Activity

In other news, CFO Craig Safian sold 3,415 shares of the business's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $450.17, for a total transaction 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. The trade was a 4.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP John J. Rinello sold 109 shares of the firm's stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $436.35, for a total transaction of $47,562.15. Following the completion of the transaction, the senior vice president now directly owns 3,280 shares in the company, 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. Over the last 90 days, insiders have sold 5,426 shares of company stock worth $2,430,327. Company insiders own 2.30% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on IT shares. Wells Fargo & Company reduced their price objective on shares of Gartner from $401.00 to $400.00 and set an "underweight" rating on the stock in a research note on Thursday, May 1st. Barclays decreased their price target on Gartner from $510.00 to $475.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. The Goldman Sachs Group cut their price objective on Gartner from $622.00 to $535.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. UBS Group increased their target price on shares of Gartner from $500.00 to $525.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. Finally, Wall Street Zen lowered shares of Gartner from a "buy" rating to a "hold" rating in a report on Friday, March 21st. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $518.67.

Gartner Trading Down 1.1%

IT traded down $4.60 during trading on Thursday, hitting $421.02. The company's stock had a trading volume of 672,134 shares, compared to its average volume of 467,729. The firm has a market capitalization of $32.40 billion, a P/E ratio of 26.26, a PEG ratio of 3.30 and a beta of 1.24. Gartner, Inc. has a twelve month low of $366.05 and a twelve month high of $584.01. The stock's fifty day moving average price is $420.96 and its 200-day moving average price is $471.86. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.81.

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 (EPS) for the quarter, beating analysts' consensus estimates of $2.72 by $0.26. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. Gartner had a net margin of 20.00% and a return on equity of 116.56%. Gartner's quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.93 EPS. Analysts anticipate that Gartner, Inc. will post 12.5 EPS for the current year.

Gartner Company 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.