SG Americas Securities LLC Acquires 1,484 Shares of Gartner, Inc. (NYSE:IT)

SG Americas Securities LLC lifted its stake in Gartner, Inc. (NYSE:IT - Free Report) by 3.6% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 42,389 shares of the information technology services provider's stock after acquiring an additional 1,484 shares during the period. SG Americas Securities LLC owned 0.06% of Gartner worth $17,792,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Norges Bank acquired a new stake in Gartner in the 4th quarter valued at approximately $460,541,000. Madison Investment Advisors LLC acquired a new stake in Gartner in the 4th quarter valued at approximately $244,799,000. GAMMA Investing LLC grew its holdings in Gartner by 40,841.0% in the 1st quarter. GAMMA Investing LLC now owns 499,071 shares of the information technology services provider's stock valued at $209,480,000 after buying an additional 497,852 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Gartner during the 4th quarter worth approximately $165,476,000. Finally, BNP Paribas Financial Markets increased its position in shares of Gartner by 184.6% during the fourth quarter. BNP Paribas Financial Markets now owns 390,472 shares of the information technology services provider's stock valued at $189,172,000 after purchasing an additional 253,288 shares during the period. 91.51% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, SVP John J. Rinello sold 109 shares of the stock in a transaction that occurred on Wednesday, May 7th. The stock was 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 of the company's stock, valued at approximately $1,431,228. This represents a 3.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP William James Wartinbee III sold 538 shares of the stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $449.09, for a total value of $241,610.42. Following the transaction, the executive vice president now directly owns 7,965 shares of the company's stock, valued at $3,577,001.85. This trade represents a 6.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,426 shares of company stock worth $2,430,327. 3.60% of the stock is owned by corporate insiders.

Gartner Trading Down 0.1%

Shares of Gartner stock traded down $0.21 during trading hours on Thursday, hitting $413.29. The company's stock had a trading volume of 1,023,784 shares, compared to its average volume of 475,946. Gartner, Inc. has a 12 month low of $366.05 and a 12 month high of $584.01. The stock has a 50 day moving average of $422.69 and a 200 day moving average of $467.72. The company has a market capitalization of $31.81 billion, a PE ratio of 25.78, a price-to-earnings-growth ratio of 3.30 and a beta of 1.23. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 1.06.

Gartner (NYSE:IT - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The information technology services provider reported $2.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.72 by $0.26. Gartner had a return on equity of 116.56% and a net margin of 20.00%. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the prior year, the company earned $2.93 earnings per share. The company's revenue for the quarter was up 4.2% compared to the same quarter last year. Analysts predict that Gartner, Inc. will post 12.5 earnings per share for the current year.

Analysts Set New Price Targets

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

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.