1,549 Shares in Gartner, Inc. (NYSE:IT) Purchased by Roundview Capital LLC

Roundview Capital LLC acquired a new stake in shares of Gartner, Inc. (NYSE:IT - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,549 shares of the information technology services provider's stock, valued at approximately $650,000.

Other institutional investors also recently added to or reduced their stakes in the company. Cary Street Partners Financial LLC purchased a new stake in Gartner in the fourth quarter valued at about $27,000. Itau Unibanco Holding S.A. raised its stake 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 worth $40,000 after purchasing an additional 68 shares during the last quarter. Olde Wealth Management LLC purchased a new position in shares of Gartner in the first quarter worth about $42,000. GW&K Investment Management LLC raised its stake in shares of Gartner by 210.8% in the first quarter. GW&K Investment Management LLC now owns 115 shares of the information technology services provider's stock worth $48,000 after purchasing an additional 78 shares during the last quarter. Finally, Wayfinding Financial LLC purchased a new position in shares of Gartner in the first quarter worth about $55,000. Institutional investors own 91.51% of the company's stock.

Analysts Set New Price Targets

IT has been the subject of several research analyst reports. The Goldman Sachs Group reduced their price objective on Gartner from $622.00 to $535.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Wells Fargo & Company reduced their price target on Gartner from $400.00 to $345.00 and set an "underweight" rating for the company in a research report on Friday, July 18th. Barclays reduced their price target on Gartner from $510.00 to $475.00 and set an "overweight" rating for the company in a research report on Monday, April 21st. Finally, UBS Group reduced their price target on Gartner from $500.00 to $480.00 and set a "buy" rating for the company in a research report on Tuesday, July 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Gartner presently has an average rating of "Hold" and a consensus target price of $507.56.

Gartner Price Performance

Shares of Gartner stock traded down $1.77 on Thursday, reaching $356.21. The company's stock had a trading volume of 516,612 shares, compared to its average volume of 886,373. The company has a market capitalization of $27.42 billion, a P/E ratio of 22.17, a PEG ratio of 2.32 and a beta of 1.19. Gartner, Inc. has a 52-week low of $352.29 and a 52-week high of $584.01. The stock has a 50-day moving average price of $407.35 and a 200-day moving average price of $444.96. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.64.

Gartner (NYSE:IT - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The information technology services provider reported $2.98 EPS 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 analysts' expectations of $1.53 billion. During the same period in the previous year, the business earned $2.93 earnings per share. The firm's revenue for the quarter was up 4.2% on a year-over-year basis. Analysts expect that Gartner, Inc. will post 12.5 EPS for the current year.

Insider Activity at Gartner

In other Gartner news, EVP William James Wartinbee III sold 538 shares of the business's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $449.09, for a total transaction of $241,610.42. Following the transaction, the executive vice president owned 7,965 shares of the company's stock, valued at approximately $3,577,001.85. The trade was a 6.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Akhil Jain sold 625 shares of the business's stock in a transaction 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 directly owned 6,548 shares in the company, valued at $2,946,600. This trade represents a 8.71% 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 valued at $2,430,327 in the last three months. Company insiders own 2.30% of the company's stock.

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.