Dakota Wealth Management Has $6.22 Million Stake in Gartner, Inc. (NYSE:IT)

Dakota Wealth Management grew its position in Gartner, Inc. (NYSE:IT - Free Report) by 25.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,816 shares of the information technology services provider's stock after buying an additional 3,040 shares during the quarter. Dakota Wealth Management's holdings in Gartner were worth $6,219,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in IT. Vanguard Group Inc. lifted its stake in shares of Gartner by 1.1% in the 4th 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 lifted its stake in shares of Gartner by 8.6% in the 4th quarter. FMR LLC now owns 2,822,122 shares of the information technology services provider's stock valued at $1,367,233,000 after purchasing an additional 223,087 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Gartner by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 2,063,577 shares of the information technology services provider's stock valued at $998,400,000 after purchasing an additional 45,219 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of Gartner by 12.7% in the 4th 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 purchasing an additional 187,854 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Gartner by 6.7% in the 4th quarter. Invesco Ltd. now owns 955,134 shares of the information technology services provider's stock valued at $462,734,000 after purchasing an additional 60,306 shares in the last quarter. Hedge funds and other institutional investors own 91.51% of the company's stock.

Insider Activity

In related news, EVP Akhil Jain sold 625 shares of the company's stock in a transaction on Monday, May 19th. The stock was 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 directly owned 6,548 shares in the company, valued at $2,946,600. This represents a 8.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP John J. Rinello sold 109 shares of the company's stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $436.35, for a total value of $47,562.15. Following the transaction, the senior vice president owned 3,280 shares of the company's stock, valued at approximately $1,431,228. The trade was a 3.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,426 shares of company stock worth $2,430,327 over the last 90 days. Insiders own 2.30% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on IT. Wall Street Zen lowered Gartner from a "buy" rating to a "hold" rating in a research report on Friday, March 21st. UBS Group reduced their price target on Gartner from $500.00 to $480.00 and set a "buy" rating on the stock in a research report on Tuesday. Robert W. Baird reduced their price target on Gartner from $605.00 to $557.00 and set an "outperform" rating on the stock in a research report on Friday, March 21st. The Goldman Sachs Group reduced 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. Finally, Barclays reduced their price target on Gartner from $510.00 to $475.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $513.67.

Gartner Stock Performance

Shares of NYSE IT traded down $13.64 during trading on Tuesday, reaching $359.64. The stock had a trading volume of 1,107,709 shares, compared to its average volume of 518,586. Gartner, Inc. has a one year low of $358.51 and a one year 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 stock has a market cap of $27.68 billion, a PE ratio of 22.38, a P/E/G ratio of 2.43 and a beta of 1.19. The firm's 50 day moving average price is $419.94 and its two-hundred day moving average price is $451.40.

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 for the quarter, beating analysts' consensus estimates of $2.72 by $0.26. Gartner had a return on equity of 96.70% and a net margin of 19.82%. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the previous year, the business earned $2.93 EPS. The business's quarterly revenue was up 4.2% on a year-over-year basis. On average, research analysts forecast that Gartner, Inc. will post 12.5 earnings per share for the current fiscal 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.