Gartner, Inc. (NYSE:IT) Shares Purchased by Eukles Asset Management

Eukles Asset Management raised its position in Gartner, Inc. (NYSE:IT - Free Report) by 12.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,914 shares of the information technology services provider's stock after purchasing an additional 881 shares during the quarter. Gartner comprises 1.5% of Eukles Asset Management's investment portfolio, making the stock its 23rd biggest position. Eukles Asset Management's holdings in Gartner were worth $3,322,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of IT. Commonwealth Equity Services LLC raised its stake in shares of Gartner by 0.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 3,379 shares of the information technology services provider's stock valued at $1,637,000 after acquiring an additional 30 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of Gartner in the 4th quarter valued at approximately $49,000. Three Seasons Wealth LLC purchased a new stake in shares of Gartner in the 4th quarter valued at approximately $731,000. SG Americas Securities LLC grew its position in shares of Gartner by 3.6% in the 1st quarter. SG Americas Securities LLC now owns 42,389 shares of the information technology services provider's stock valued at $17,792,000 after buying an additional 1,484 shares during the last quarter. Finally, Brighton Jones LLC acquired a new stake in Gartner during the 4th quarter worth $309,000. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Gartner Stock Performance

Gartner stock traded up $4.84 during trading hours on Friday, reaching $400.28. 341,174 shares of the stock were exchanged, compared to its average volume of 505,861. The stock has a market cap of $30.81 billion, a P/E ratio of 24.91, a P/E/G ratio of 2.60 and a beta of 1.19. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.09 and a current ratio of 1.09. Gartner, Inc. has a 52-week low of $366.05 and a 52-week high of $584.01. The firm's 50 day moving average is $423.00 and its 200 day moving average is $455.04.

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

Analysts Set New Price Targets

IT has been the subject of a number of recent research reports. UBS Group decreased their price target on shares of Gartner from $525.00 to $500.00 and set a "buy" rating for the company in a research note on Wednesday, June 18th. Wells Fargo & Company decreased their price target 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. The Goldman Sachs Group decreased their price target on shares of Gartner from $622.00 to $535.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Robert W. Baird cut their price objective on shares of Gartner from $605.00 to $557.00 and set an "outperform" rating for the company in a research report on Friday, March 21st. Finally, Barclays cut their price objective on shares of Gartner from $510.00 to $475.00 and set an "overweight" rating for the company in a research report on Monday, April 21st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $515.89.

Insiders Place Their Bets

In other news, EVP Robin B. Kranich sold 739 shares of the stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $436.50, for a total value of $322,573.50. Following the completion of the transaction, the executive vice president owned 20,464 shares in the company, valued at $8,932,536. This trade represents a 3.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Akhil Jain sold 625 shares of the 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 transaction, the executive vice president owned 6,548 shares of the company's stock, valued at $2,946,600. This represents a 8.71% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,426 shares of company stock worth $2,430,327. Insiders own 2.30% of the company's stock.

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.