62,801 Shares in Gartner, Inc. (NYSE:IT) Bought by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Gartner, Inc. (NYSE:IT - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 62,801 shares of the information technology services provider's stock, valued at approximately $30,425,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.08% of Gartner as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Cary Street Partners Financial LLC purchased a new stake in shares of Gartner in the 4th quarter valued at approximately $27,000. Kestra Investment Management LLC purchased a new stake in shares of Gartner in the 4th quarter valued at approximately $29,000. Itau Unibanco Holding S.A. lifted its position in shares of Gartner by 453.3% in the 4th quarter. Itau Unibanco Holding S.A. now owns 83 shares of the information technology services provider's stock valued at $40,000 after acquiring an additional 68 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Gartner in the 4th quarter valued at approximately $49,000. Finally, Promus Capital LLC purchased a new stake in shares of Gartner in the 4th quarter valued at approximately $57,000. Hedge funds and other institutional investors own 91.51% of the company's stock.

Analyst Ratings Changes

IT has been the subject of a number of research analyst reports. Wall Street Zen downgraded shares of Gartner from a "buy" rating to a "hold" rating in a research report on Friday, March 21st. UBS Group increased their target price on shares of Gartner from $500.00 to $525.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Robert W. Baird cut their target price on shares of Gartner from $605.00 to $557.00 and set an "outperform" rating for the company in a research report on Friday, March 21st. Wells Fargo & Company cut their target price on shares of Gartner from $401.00 to $400.00 and set an "underweight" rating for the company in a research report on Thursday, May 1st. Finally, Barclays cut their target price on shares of Gartner from $510.00 to $475.00 and set an "overweight" rating for the company in a research 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 assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $518.67.

Insider Activity

In related news, CFO Craig Safian sold 3,415 shares of Gartner stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $450.17, for a total value of $1,537,330.55. Following the transaction, the chief financial officer now owns 77,890 shares in the company, valued at $35,063,741.30. This trade represents a 4.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Akhil Jain sold 625 shares of Gartner stock in a transaction on Monday, May 19th. The stock was sold at an average price of $450.00, for a total transaction of $281,250.00. Following the completion of the transaction, the executive vice president now owns 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. In the last 90 days, insiders have sold 5,426 shares of company stock worth $2,430,327. 2.30% of the stock is owned by corporate insiders.

Gartner Stock Up 0.2%

Shares of Gartner stock traded up $0.98 during midday trading on Friday, reaching $436.55. 2,049,055 shares of the company's stock traded hands, compared to its average volume of 465,241. The company has a market cap of $33.60 billion, a price-to-earnings ratio of 27.23, a price-to-earnings-growth ratio of 3.30 and a beta of 1.24. The company's 50 day simple moving average is $420.60 and its 200 day simple moving average is $474.09. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.06 and a current ratio of 1.06. Gartner, Inc. has a 52 week low of $366.05 and a 52 week high of $584.01.

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 analysts' consensus estimates of $2.72 by $0.26. The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. Gartner had a net margin of 20.00% and a return on equity of 116.56%. Gartner's revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter last year, the firm earned $2.93 EPS. Equities analysts expect that Gartner, Inc. will post 12.5 earnings per share for the current fiscal 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.