Nomura Holdings Inc. Makes New $1.44 Million Investment in Gartner, Inc. (NYSE:IT)

Nomura Holdings Inc. acquired a new position in shares of Gartner, Inc. (NYSE:IT - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,977 shares of the information technology services provider's stock, valued at approximately $1,442,000.

A number of other institutional investors and hedge funds also recently modified their holdings of IT. Cary Street Partners Financial LLC acquired a new position in Gartner during the fourth quarter worth approximately $27,000. Kestra Investment Management LLC acquired a new stake in shares of Gartner in the fourth quarter valued at approximately $29,000. Itau Unibanco Holding S.A. boosted its stake in shares of Gartner by 453.3% during the 4th quarter. Itau Unibanco Holding S.A. now owns 83 shares of the information technology services provider's stock worth $40,000 after acquiring an additional 68 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Gartner during the 4th quarter worth approximately $49,000. Finally, Promus Capital LLC acquired a new position in shares of Gartner during the 4th quarter worth approximately $57,000. 91.51% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on IT. Wells Fargo & Company cut their price target on Gartner from $401.00 to $400.00 and set an "underweight" rating for the company in a report on Thursday, May 1st. The Goldman Sachs Group dropped 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. Barclays reduced their target price 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. UBS Group upped their price target on shares of Gartner from $500.00 to $525.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. Finally, Robert W. Baird cut their price objective on shares of Gartner from $605.00 to $557.00 and set an "outperform" rating for the company in a research report on Friday, March 21st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $518.67.

Insiders Place Their Bets

In related news, Director Eileen Serra sold 1,200 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $489.77, for a total transaction of $587,724.00. Following the sale, the director now owns 1,627 shares in the company, valued at approximately $796,855.79. This trade represents a 42.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP John J. Rinello sold 109 shares of the business's stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $436.35, for a total transaction of $47,562.15. Following the transaction, the senior vice president now 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 disclosure for this sale can be found here. Insiders have sold a total of 6,626 shares of company stock worth $3,018,051 in the last 90 days. Company insiders own 2.30% of the company's stock.

Gartner Stock Performance

Shares of IT stock traded down $5.63 on Friday, hitting $438.03. The company's stock had a trading volume of 155,163 shares, compared to its average volume of 455,862. Gartner, Inc. has a fifty-two week low of $366.05 and a fifty-two week high of $584.01. The company has a market capitalization of $33.71 billion, a PE ratio of 27.39, a PEG ratio of 3.30 and a beta of 1.24. The stock's 50 day moving average is $419.89 and its 200-day moving average is $478.29. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.06 and a current ratio of 1.06.

Gartner (NYSE:IT - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The information technology services provider reported $2.98 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 quarter in the previous year, the firm posted $2.93 EPS. The business's revenue for the quarter was up 4.2% compared to the same quarter last year. Equities research analysts expect that Gartner, Inc. will post 12.5 earnings per share for the current fiscal 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.