GTS Securities LLC Buys 756 Shares of Gartner, Inc. (NYSE:IT)

GTS Securities LLC lifted its holdings in shares of Gartner, Inc. (NYSE:IT - Free Report) by 48.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,309 shares of the information technology services provider's stock after purchasing an additional 756 shares during the quarter. GTS Securities LLC's holdings in Gartner were worth $1,119,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of Gartner by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 9,268,639 shares of the information technology services provider's stock worth $4,490,378,000 after purchasing an additional 100,917 shares during the last quarter. FMR LLC boosted its holdings in shares of Gartner by 8.6% during the 4th quarter. FMR LLC now owns 2,822,122 shares of the information technology services provider's stock worth $1,367,233,000 after buying an additional 223,087 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Gartner by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 2,063,577 shares of the information technology services provider's stock worth $998,400,000 after buying an additional 45,219 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Gartner by 0.6% during the 4th quarter. Principal Financial Group Inc. now owns 2,012,799 shares of the information technology services provider's stock worth $975,141,000 after buying an additional 11,657 shares during the period. Finally, Wellington Management Group LLP boosted its holdings in shares of Gartner by 12.7% during the 4th quarter. Wellington Management Group LLP now owns 1,662,005 shares of the information technology services provider's stock worth $805,192,000 after buying an additional 187,854 shares during the period. Institutional investors and hedge funds own 91.51% of the company's stock.

Wall Street Analysts Forecast Growth

IT has been the subject of several recent analyst reports. Wells Fargo & Company decreased their price objective on shares of Gartner from $401.00 to $400.00 and set an "underweight" rating for the company in a report on Thursday, May 1st. UBS Group increased 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. Barclays reduced 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. Robert W. Baird reduced their price target on shares of Gartner from $605.00 to $557.00 and set an "outperform" rating for the company in a report on Friday, March 21st. Finally, Wall Street Zen downgraded shares of Gartner from a "buy" rating to a "hold" rating in a report on Friday, March 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 stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $518.67.

Gartner Price Performance

IT stock traded down $9.52 during trading on Wednesday, hitting $435.34. 468,811 shares of the stock traded hands, compared to its average volume of 458,224. Gartner, Inc. has a one year low of $366.05 and a one year high of $584.01. The stock has a market cap of $33.51 billion, a price-to-earnings ratio of 27.16, a P/E/G ratio of 3.30 and a beta of 1.24. The company has a 50 day simple moving average of $420.18 and a 200 day simple moving average of $475.67. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.81.

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, beating the consensus estimate of $2.72 by $0.26. Gartner had a net margin of 20.00% and a return on equity of 116.56%. The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same period last year, the firm posted $2.93 EPS. The firm's quarterly revenue was up 4.2% on a year-over-year basis. Equities analysts expect that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

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 now owns 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, CFO Craig Safian sold 3,415 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $450.17, for a total transaction of $1,537,330.55. Following the transaction, the chief financial officer now owns 77,890 shares of the company's stock, valued at approximately $35,063,741.30. This represents a 4.20% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,426 shares of company stock worth $2,430,327. 2.30% of the stock is currently owned by corporate insiders.

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.