KBC Group NV Acquires 20,964 Shares of Gartner, Inc. (NYSE:IT)

KBC Group NV boosted its holdings in shares of Gartner, Inc. (NYSE:IT - Free Report) by 138.8% in the first quarter, according to its most recent filing with the SEC. The firm owned 36,073 shares of the information technology services provider's stock after acquiring an additional 20,964 shares during the period. KBC Group NV's holdings in Gartner were worth $15,141,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in 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 worth $4,490,378,000 after purchasing an additional 100,917 shares during the period. FMR LLC boosted its stake in Gartner by 8.6% in 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 purchasing an additional 223,087 shares during the period. Geode Capital Management LLC boosted its stake in 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 worth $998,400,000 after purchasing an additional 45,219 shares during the period. Wellington Management Group LLP boosted its stake in 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 worth $805,192,000 after purchasing an additional 187,854 shares during the period. Finally, Invesco Ltd. boosted its stake in Gartner by 6.7% in the 4th quarter. Invesco Ltd. now owns 955,134 shares of the information technology services provider's stock worth $462,734,000 after purchasing an additional 60,306 shares during the period. Institutional investors and hedge funds own 91.51% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on IT shares. Wall Street Zen cut shares of Gartner from a "buy" rating to a "hold" rating in a research report on Friday, March 21st. The Goldman Sachs Group cut their price target 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. UBS Group cut their price target on shares of Gartner from $525.00 to $500.00 and set a "buy" rating on the stock in a research report on Wednesday, June 18th. Wells Fargo & Company cut their price target 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. Finally, Barclays cut their price target on shares of Gartner from $510.00 to $475.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $515.89.

Insider Buying and Selling at Gartner

In other Gartner news, EVP Robin B. Kranich sold 739 shares of the firm'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 value of $322,573.50. Following the sale, the executive vice president owned 20,464 shares in the company, valued at $8,932,536. This trade represents a 3.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP William James Wartinbee III sold 538 shares of the firm'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 transaction, the executive vice president directly owned 7,965 shares of the company's stock, valued at $3,577,001.85. The trade was a 6.33% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,426 shares of company stock worth $2,430,327 in the last three months. Company insiders own 3.60% of the company's stock.

Gartner Price Performance

Shares of NYSE IT traded up $2.21 during trading hours on Tuesday, hitting $406.43. 1,299,324 shares of the stock were exchanged, compared to its average volume of 501,579. 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 company has a market cap of $31.28 billion, a PE ratio of 25.29, a price-to-earnings-growth ratio of 2.61 and a beta of 1.23. The company's fifty day simple moving average is $423.81 and its two-hundred day simple moving average is $457.38. Gartner, Inc. has a 1-year low of $366.05 and a 1-year high of $584.01.

Gartner (NYSE:IT - Get Free Report) last posted 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. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.53 billion. Gartner had a net margin of 19.82% and a return on equity of 96.70%. The firm's revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter last year, the business posted $2.93 EPS. On average, sell-side analysts predict that Gartner, Inc. will post 12.5 EPS for the current year.

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.