Raiffeisen Bank International AG Takes Position in Gartner, Inc. (NYSE:IT)

Raiffeisen Bank International AG bought a new stake in Gartner, Inc. (NYSE:IT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,200 shares of the information technology services provider's stock, valued at approximately $583,000.

Other institutional investors also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. boosted its stake in Gartner by 184.1% in the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 5,620 shares of the information technology services provider's stock valued at $2,723,000 after acquiring an additional 3,642 shares during the last quarter. Point72 Asset Management L.P. lifted its stake in shares of Gartner by 30.5% in the 4th quarter. Point72 Asset Management L.P. now owns 182,789 shares of the information technology services provider's stock valued at $88,556,000 after purchasing an additional 42,771 shares during the period. Point72 Hong Kong Ltd lifted its stake in shares of Gartner by 1,137.5% in the 4th quarter. Point72 Hong Kong Ltd now owns 3,700 shares of the information technology services provider's stock valued at $1,793,000 after purchasing an additional 3,401 shares during the period. Prana Capital Management LP bought a new position in shares of Gartner in the 4th quarter worth $18,595,000. Finally, ProShare Advisors LLC grew its stake in shares of Gartner by 11.1% during the fourth quarter. ProShare Advisors LLC now owns 15,371 shares of the information technology services provider's stock worth $7,447,000 after purchasing an additional 1,540 shares during the period. Institutional investors and hedge funds own 91.51% of the company's stock.

Gartner Stock Down 1.3%

Shares of IT traded down $5.80 on Friday, hitting $437.87. The company's stock had a trading volume of 158,560 shares, compared to its average volume of 605,155. The firm's fifty day moving average price is $419.89 and its 200-day moving average price is $478.29. Gartner, Inc. has a fifty-two week low of $366.05 and a fifty-two week high of $584.01. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. The firm has a market capitalization of $33.70 billion, a price-to-earnings ratio of 27.32, a P/E/G 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 earnings per share 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 company had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.53 billion. During the same quarter in the prior year, the company earned $2.93 earnings per share. The business's quarterly revenue was up 4.2% compared to the same quarter last year. On average, equities research analysts expect that Gartner, Inc. will post 12.5 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Akhil Jain sold 625 shares of Gartner stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $450.00, for a total value of $281,250.00. Following the sale, the executive vice president now directly owns 6,548 shares in the company, valued at $2,946,600. This trade represents a 8.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Eileen Serra sold 1,200 shares of the business's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $489.77, for a total transaction of $587,724.00. Following the completion of the sale, the director now directly owns 1,627 shares in the company, valued at approximately $796,855.79. This represents a 42.45% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,626 shares of company stock worth $3,018,051. Corporate insiders own 2.30% of the company's stock.

Analyst Upgrades and Downgrades

IT has been the topic of several analyst reports. Robert W. Baird cut their target price on Gartner from $605.00 to $557.00 and set an "outperform" rating on the stock in a research note on Friday, March 21st. Wall Street Zen cut Gartner from a "buy" rating to a "hold" rating in a research note on Friday, March 21st. 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. The Goldman Sachs Group decreased their price objective 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. Finally, Barclays cut their target price on shares of Gartner from $510.00 to $475.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Gartner has a consensus rating of "Hold" and a consensus price target of $518.67.

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.