Machina Capital S.A.S. Has $2.08 Million Stake in Gartner, Inc. (NYSE:IT)

Machina Capital S.A.S. boosted its holdings in Gartner, Inc. (NYSE:IT - Free Report) by 18.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,957 shares of the information technology services provider's stock after acquiring an additional 762 shares during the quarter. Machina Capital S.A.S.'s holdings in Gartner were worth $2,081,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Sompo Asset Management Co. Ltd. grew its position in Gartner by 1.7% in the fourth quarter. Sompo Asset Management Co. Ltd. now owns 1,210 shares of the information technology services provider's stock worth $586,000 after buying an additional 20 shares during the last quarter. Cornerstone Advisory LLC increased its position in shares of Gartner by 0.8% in the fourth quarter. Cornerstone Advisory LLC now owns 2,803 shares of the information technology services provider's stock worth $1,443,000 after acquiring an additional 21 shares in the last quarter. TD Waterhouse Canada Inc. lifted its holdings in shares of Gartner by 3.1% in the fourth quarter. TD Waterhouse Canada Inc. now owns 758 shares of the information technology services provider's stock valued at $367,000 after purchasing an additional 23 shares in the last quarter. Connecticut Wealth Management LLC lifted its stake in Gartner by 0.6% in the 4th quarter. Connecticut Wealth Management LLC now owns 4,604 shares of the information technology services provider's stock worth $2,230,000 after acquiring an additional 26 shares in the last quarter. Finally, Keel Point LLC grew its stake in Gartner by 5.5% during the 4th quarter. Keel Point LLC now owns 514 shares of the information technology services provider's stock valued at $249,000 after acquiring an additional 27 shares in the last quarter. Institutional investors own 91.51% of the company's stock.

Insider Buying and Selling at Gartner

In related news, EVP Robin B. Kranich sold 739 shares of the business's stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $436.50, for a total transaction of $322,573.50. Following the completion of the transaction, the executive vice president owned 20,464 shares in the company, valued at approximately $8,932,536. The trade was a 3.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP William James Wartinbee III sold 538 shares of the business'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 transaction, the executive vice president directly owned 7,965 shares of the company's stock, valued at $3,577,001.85. This trade represents a 6.33% decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,426 shares of company stock valued at $2,430,327 over the last quarter. 2.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

IT has been the subject of several research reports. Barclays decreased their price target on shares of Gartner from $510.00 to $475.00 and set an "overweight" rating for the company in a report on Monday, April 21st. UBS Group dropped their price objective on shares of Gartner from $500.00 to $480.00 and set a "buy" rating for the company in a research note on Tuesday, July 15th. Wells Fargo & Company cut their price target on shares of Gartner from $400.00 to $345.00 and set an "underweight" rating for the company in a research note on Friday, July 18th. Finally, The Goldman Sachs Group lowered their price target on Gartner from $622.00 to $535.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $507.56.

Gartner Trading Up 0.2%

IT traded up $0.69 during mid-day trading on Friday, reaching $356.83. The stock had a trading volume of 753,801 shares, compared to its average volume of 867,332. The stock has a market capitalization of $27.46 billion, a P/E ratio of 22.20, a P/E/G ratio of 2.31 and a beta of 1.19. Gartner, Inc. has a 52 week low of $352.29 and a 52 week high of $584.01. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.09 and a current ratio of 1.09. The firm's fifty day simple moving average is $403.72 and its two-hundred day simple moving average is $442.74.

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 19.82% and a return on equity of 96.70%. The company's revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the company posted $2.93 EPS. On average, equities analysts predict that Gartner, Inc. will post 12.5 EPS for the current year.

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.