EULAV Asset Management Has $91.17 Million Holdings in Gartner, Inc. (NYSE:IT)

EULAV Asset Management increased its stake in Gartner, Inc. (NYSE:IT - Free Report) by 0.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 217,200 shares of the information technology services provider's stock after purchasing an additional 1,400 shares during the quarter. Gartner comprises about 2.3% of EULAV Asset Management's holdings, making the stock its 10th largest position. EULAV Asset Management owned 0.28% of Gartner worth $91,168,000 as of its most recent filing with the SEC.

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

Insider Buying and Selling at Gartner

In other 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 completion of the transaction, the executive vice president owned 7,965 shares of the company's stock, valued at approximately $3,577,001.85. This represents a 6.33% decrease in their position. The sale 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 the 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 completion of the transaction, the executive vice president directly 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. Insiders have sold a total of 5,426 shares of company stock worth $2,430,327 over the last three months. 2.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Wells Fargo & Company cut their price objective on Gartner from $401.00 to $400.00 and set an "underweight" rating for the company in a report on Thursday, May 1st. Barclays cut their target price on Gartner from $510.00 to $475.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. Robert W. Baird cut their target price on Gartner from $605.00 to $557.00 and set an "outperform" rating for the company in a research note on Friday, March 21st. Wall Street Zen cut Gartner from a "buy" rating to a "hold" rating in a report on Friday, March 21st. Finally, UBS Group dropped their target price on Gartner from $525.00 to $500.00 and set a "buy" rating for the company in a report on Wednesday, June 18th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, Gartner presently has a consensus rating of "Hold" and an average price target of $515.89.

Gartner Trading Up 0.5%

IT stock traded up $2.12 during trading on Tuesday, hitting $401.85. 98,975 shares of the company traded hands, compared to its average volume of 505,396. The company has a 50-day moving average of $422.65 and a 200-day moving average of $454.22. The firm has a market capitalization of $30.93 billion, a PE ratio of 24.99, 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 1 year low of $366.05 and a 1 year high of $584.01.

Gartner (NYSE:IT - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The information technology services provider reported $2.98 EPS for the quarter, beating analysts' consensus estimates of $2.72 by $0.26. The business had revenue of $1.54 billion during 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%. Gartner's quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.93 EPS. Analysts predict 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.