Vise Technologies Inc. Purchases 867 Shares of Gartner, Inc. (NYSE:IT)

Vise Technologies Inc. raised its holdings in Gartner, Inc. (NYSE:IT - Free Report) by 65.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,186 shares of the information technology services provider's stock after buying an additional 867 shares during the quarter. Vise Technologies Inc.'s holdings in Gartner were worth $1,059,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Gartner by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 9,268,639 shares of the information technology services provider's stock valued at $4,490,378,000 after acquiring an additional 100,917 shares during the period. FMR LLC boosted its holdings in Gartner by 8.6% in the fourth quarter. FMR LLC now owns 2,822,122 shares of the information technology services provider's stock valued at $1,367,233,000 after acquiring an additional 223,087 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Gartner by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 2,063,577 shares of the information technology services provider's stock valued at $998,400,000 after purchasing an additional 45,219 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Gartner by 0.6% in the fourth quarter. Principal Financial Group Inc. now owns 2,012,799 shares of the information technology services provider's stock valued at $975,141,000 after acquiring an additional 11,657 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in Gartner by 12.7% in the fourth quarter. Wellington Management Group LLP now owns 1,662,005 shares of the information technology services provider's stock valued at $805,192,000 after acquiring an additional 187,854 shares during the last quarter. Institutional investors own 91.51% of the company's stock.

Insider Transactions at Gartner

In other news, EVP Robin B. Kranich sold 739 shares of the business's stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $436.50, for a total transaction of $322,573.50. Following the sale, the executive vice president now directly owns 20,464 shares in the company, valued at approximately $8,932,536. The trade was a 3.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP John J. Rinello sold 109 shares of the business's stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $436.35, for a total transaction of $47,562.15. Following the sale, the senior vice president now directly owns 3,280 shares in the company, valued at $1,431,228. The trade was a 3.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,426 shares of company stock valued at $2,430,327. 2.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Barclays reduced their price objective on shares of Gartner from $510.00 to $475.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st. The Goldman Sachs Group cut their price target on Gartner from $622.00 to $535.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Wells Fargo & Company cut their price target on 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 cut Gartner from a "buy" rating to a "hold" rating in a research note on Friday, March 21st. Finally, UBS Group boosted their target price on Gartner from $500.00 to $525.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. One 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 MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $518.67.

Gartner Stock Down 2.1%

Shares of Gartner stock traded down $9.52 on Wednesday, reaching $435.34. 468,811 shares of the company were exchanged, compared to its average volume of 458,224. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.81. The company has a 50-day moving average of $420.18 and a 200 day moving average of $475.67. The company has a market capitalization of $33.51 billion, a price-to-earnings ratio of 27.16, a PEG ratio of 3.30 and a beta of 1.24. Gartner, Inc. has a one year low of $366.05 and a one year high of $584.01.

Gartner (NYSE:IT - Get Free Report) last posted 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 analysts' expectations of $1.53 billion. Gartner had a return on equity of 116.56% and a net margin of 20.00%. The firm's revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.93 EPS. On average, equities research analysts forecast that Gartner, Inc. will post 12.5 earnings per share for the current year.

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.