ProShare Advisors LLC Increases Position in Gartner, Inc. (NYSE:IT)

ProShare Advisors LLC grew its stake in Gartner, Inc. (NYSE:IT - Free Report) by 11.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,371 shares of the information technology services provider's stock after purchasing an additional 1,540 shares during the quarter. ProShare Advisors LLC's holdings in Gartner were worth $7,447,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

Several research analysts have commented on the stock. Wells Fargo & Company lowered their price target 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 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. Wall Street Zen cut shares of Gartner from a "buy" rating to a "hold" rating in a report on Friday, March 21st. Robert W. Baird lowered 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, The Goldman Sachs Group lowered their price target on shares of Gartner from $622.00 to $535.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $518.67.

Gartner Stock Down 1.0%

Shares of Gartner stock traded down $4.57 during trading hours on Friday, hitting $439.09. The company had a trading volume of 440,448 shares, compared to its average volume of 457,824. The company's 50-day moving average is $419.74 and its two-hundred day moving average is $477.37. 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 1.81, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market cap of $33.80 billion, a P/E ratio of 27.39, a price-to-earnings-growth ratio of 3.30 and a beta of 1.24.

Gartner (NYSE:IT - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The information technology services provider reported $2.98 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 quarter in the prior year, the firm earned $2.93 EPS. Gartner's revenue for the quarter was up 4.2% on a year-over-year basis. Analysts anticipate that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Insider Activity at Gartner

In related news, EVP William James Wartinbee III sold 538 shares of the company's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $449.09, for a total value of $241,610.42. Following the completion of the sale, the executive vice president now owns 7,965 shares in the company, valued at $3,577,001.85. This represents a 6.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP John J. Rinello sold 109 shares of the company's stock in a transaction 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 completion of the sale, the senior vice president now owns 3,280 shares of the company's stock, valued at approximately $1,431,228. This trade represents a 3.22% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,626 shares of company stock worth $3,018,051 in the last 90 days. 2.30% of the stock is owned by 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.