Gartner, Inc. (NYSE:IT) Shares Purchased by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. raised its stake in Gartner, Inc. (NYSE:IT - Free Report) by 81.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,665 shares of the information technology services provider's stock after purchasing an additional 748 shares during the period. Harbor Capital Advisors Inc.'s holdings in Gartner were worth $699,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IT. Norges Bank acquired a new position in shares of Gartner during the fourth quarter valued at about $460,541,000. Madison Investment Advisors LLC acquired a new position in shares of Gartner during the fourth quarter valued at about $244,799,000. GAMMA Investing LLC grew its holdings in shares of Gartner by 40,841.0% during the first 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 position in shares of Gartner during the fourth quarter valued at about $165,476,000. Finally, BNP Paribas Financial Markets grew its holdings 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 buying an additional 253,288 shares during the last quarter. 91.51% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Gartner news, SVP John J. Rinello sold 109 shares of the stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $436.35, for a total transaction of $47,562.15. Following the completion of the sale, 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Robin B. Kranich sold 739 shares of the 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 directly owns 20,464 shares of the company's stock, valued at $8,932,536. The trade was a 3.49% decrease in their ownership of the stock. 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 three months. 3.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

IT has been the topic of several analyst reports. UBS Group boosted their price target on shares of Gartner from $500.00 to $525.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Wells Fargo & Company lowered their price objective on shares of Gartner from $401.00 to $400.00 and set an "underweight" rating on the stock in a research report on Thursday, May 1st. Robert W. Baird lowered their price objective on shares of Gartner from $605.00 to $557.00 and set an "outperform" rating on the stock in a research report on Friday, March 21st. Wall Street Zen lowered shares of Gartner from a "buy" rating to a "hold" rating in a research report on Friday, March 21st. Finally, The Goldman Sachs Group lowered their price objective on shares of 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 assigned a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $518.67.

Gartner Stock Performance

NYSE IT traded down $9.04 on Friday, reaching $404.55. 558,766 shares of the stock were exchanged, compared to its average volume of 476,469. Gartner, Inc. has a one year low of $366.05 and a one year high of $584.01. The firm has a market capitalization of $31.14 billion, a PE ratio of 25.24, a PEG ratio of 3.30 and a beta of 1.23. The company's 50-day simple moving average is $423.28 and its two-hundred day simple moving average is $466.91. 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 released its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $1.53 billion. During the same quarter last year, the business posted $2.93 earnings per share. The company's revenue for the quarter was up 4.2% compared to the same quarter last year. Analysts expect that Gartner, Inc. will post 12.5 EPS 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.