Oppenheimer Asset Management Inc. Has $16.72 Million Holdings in Gartner, Inc. (NYSE:IT)

Oppenheimer Asset Management Inc. boosted its holdings in shares of Gartner, Inc. (NYSE:IT - Free Report) by 1.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 39,831 shares of the information technology services provider's stock after acquiring an additional 639 shares during the quarter. Oppenheimer Asset Management Inc. owned 0.05% of Gartner worth $16,719,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of IT. Norges Bank acquired a new stake in Gartner during the 4th quarter worth about $460,541,000. Madison Investment Advisors LLC acquired a new stake in Gartner during the 4th quarter worth about $244,799,000. GAMMA Investing LLC boosted its position in Gartner by 40,841.0% during the 1st quarter. GAMMA Investing LLC now owns 499,071 shares of the information technology services provider's stock worth $209,480,000 after acquiring an additional 497,852 shares during the period. Raymond James Financial Inc. acquired a new stake in Gartner during the 4th quarter worth about $165,476,000. Finally, BNP Paribas Financial Markets boosted its position in Gartner by 184.6% during the 4th quarter. BNP Paribas Financial Markets now owns 390,472 shares of the information technology services provider's stock worth $189,172,000 after acquiring an additional 253,288 shares during the period. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

IT has been the subject of a number of research reports. Wells Fargo & Company decreased their price objective on Gartner from $401.00 to $400.00 and set an "underweight" rating for the company in a research report on Thursday, May 1st. Wall Street Zen lowered Gartner from a "buy" rating to a "hold" rating in a report on Friday, March 21st. Barclays reduced their price target on 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 Gartner from $605.00 to $557.00 and set an "outperform" rating for the company in a report on Friday, March 21st. Finally, The Goldman Sachs Group reduced their price target on Gartner from $622.00 to $535.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $515.89.

Insider Activity

In other Gartner news, EVP Akhil Jain sold 625 shares of Gartner stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $450.00, for a total value of $281,250.00. Following the transaction, the executive vice president now directly owns 6,548 shares of the company's stock, valued at $2,946,600. The trade was a 8.71% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Craig Safian sold 3,415 shares of the company's stock in a transaction 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. The trade was a 4.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,426 shares of company stock valued at $2,430,327. 3.60% of the stock is owned by insiders.

Gartner Stock Down 1.6%

IT opened at $392.91 on Monday. The business has a 50 day moving average price of $423.77 and a 200 day moving average price of $462.08. Gartner, Inc. has a twelve month low of $366.05 and a twelve month high of $584.01. 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 firm has a market cap of $30.24 billion, a P/E ratio of 24.45, a price-to-earnings-growth ratio of 2.55 and a beta of 1.23.

Gartner (NYSE:IT - Get Free Report) last posted its earnings results on Tuesday, May 6th. The information technology services provider reported $2.98 earnings per share for the quarter, topping the consensus estimate of $2.72 by $0.26. Gartner had a return on equity of 96.70% and a net margin of 19.82%. The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same period in the previous year, the company earned $2.93 EPS. The company's revenue for the quarter was up 4.2% on a year-over-year basis. Research analysts forecast that Gartner, Inc. will post 12.5 EPS for the current 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.

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