UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Stock Holdings in Gartner, Inc. (NYSE:IT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Gartner, Inc. (NYSE:IT - Free Report) by 12.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 649,567 shares of the information technology services provider's stock after buying an additional 74,422 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.84% of Gartner worth $314,696,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of IT. Barclays PLC raised its stake in Gartner by 8.6% in the third quarter. Barclays PLC now owns 166,787 shares of the information technology services provider's stock valued at $84,520,000 after buying an additional 13,205 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Gartner by 7.3% in the third quarter. JPMorgan Chase & Co. now owns 1,036,530 shares of the information technology services provider's stock valued at $525,272,000 after buying an additional 70,236 shares during the last quarter. Merit Financial Group LLC purchased a new stake in Gartner in the fourth quarter valued at about $772,000. UMB Bank n.a. raised its stake in Gartner by 5.9% in the fourth quarter. UMB Bank n.a. now owns 553 shares of the information technology services provider's stock valued at $268,000 after buying an additional 31 shares during the last quarter. Finally, Ballentine Partners LLC raised its stake in Gartner by 10.8% in the fourth quarter. Ballentine Partners LLC now owns 473 shares of the information technology services provider's stock valued at $229,000 after buying an additional 46 shares during the last quarter. Hedge funds and other institutional investors own 91.51% of the company's stock.

Gartner Stock Performance

Shares of IT traded down $4.57 during mid-day trading on Friday, reaching $439.09. The company had a trading volume of 440,448 shares, compared to its average volume of 457,824. The stock has a market capitalization of $33.80 billion, a P/E ratio of 27.39, a PEG ratio of 3.30 and a beta of 1.24. Gartner, Inc. has a 52-week low of $366.05 and a 52-week high of $584.01. The stock has a 50 day moving average of $419.74 and a two-hundred day moving average of $477.37. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.81.

Gartner (NYSE:IT - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.53 billion. Gartner had a return on equity of 116.56% and a net margin of 20.00%. The business's quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.93 EPS. On average, analysts expect that Gartner, Inc. will post 12.5 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on IT. Wells Fargo & Company dropped their price objective on shares of Gartner from $401.00 to $400.00 and set an "underweight" rating on the stock in a report on Thursday, May 1st. Wall Street Zen lowered shares of Gartner from a "buy" rating to a "hold" rating in a report on Friday, March 21st. UBS Group boosted their price objective on shares of Gartner from $500.00 to $525.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Barclays dropped their price objective 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. Finally, Robert W. Baird dropped their price objective on shares of Gartner from $605.00 to $557.00 and set an "outperform" rating on the stock in a report on Friday, March 21st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $518.67.

Insider Activity at Gartner

In related news, SVP John J. Rinello sold 109 shares of Gartner stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $436.35, for a total value of $47,562.15. Following the completion of the transaction, the senior vice president now owns 3,280 shares in the company, valued at $1,431,228. The trade was a 3.22% decrease in their position. The sale 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 Gartner stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $489.77, for a total value of $587,724.00. Following the completion of the transaction, the director now owns 1,627 shares of the company's stock, valued at approximately $796,855.79. This represents a 42.45% 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. Corporate insiders own 2.30% of the company's stock.

Gartner 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.