Woodline Partners LP Makes New Investment in Gartner, Inc. (NYSE:IT)

Woodline Partners LP bought a new stake in shares of Gartner, Inc. (NYSE:IT - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,647 shares of the information technology services provider's stock, valued at approximately $2,251,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Sone Capital Management LLC acquired a new position in shares of Gartner during the fourth quarter valued at about $4,520,000. Vident Advisory LLC boosted its holdings in Gartner by 1.8% during the fourth quarter. Vident Advisory LLC now owns 8,877 shares of the information technology services provider's stock worth $4,301,000 after purchasing an additional 155 shares during the last quarter. Square Wave Partners L.P. bought a new position in shares of Gartner during the 4th quarter worth approximately $12,732,000. Squarepoint Ops LLC boosted its stake in shares of Gartner by 990.5% in the 4th quarter. Squarepoint Ops LLC now owns 57,700 shares of the information technology services provider's stock worth $27,954,000 after buying an additional 52,409 shares during the last quarter. Finally, Triglav Skladi D.O.O. purchased a new stake in shares of Gartner during the fourth quarter valued at approximately $412,000. 91.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on IT shares. Robert W. Baird reduced 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. Barclays dropped their price target on Gartner from $510.00 to $475.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. Wall Street Zen downgraded shares of Gartner from a "buy" rating to a "hold" rating in a research note on Friday, March 21st. Wells Fargo & Company decreased their price objective on Gartner from $401.00 to $400.00 and set an "underweight" rating on the stock in a research note on Thursday, May 1st. Finally, The Goldman Sachs Group cut their target price on Gartner from $622.00 to $535.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $518.67.

Insider Transactions at Gartner

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 completion of the sale, the executive vice president now directly owns 6,548 shares in the company, valued at $2,946,600. The trade was a 8.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP William James Wartinbee III sold 538 shares of the firm's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $449.09, for a total value of $241,610.42. Following the completion of the transaction, the executive vice president now directly owns 7,965 shares in the company, valued at $3,577,001.85. The trade was a 6.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,426 shares of company stock valued at $2,430,327. Insiders own 2.30% of the company's stock.

Gartner Trading Up 0.0%

Gartner stock traded up $0.16 during trading hours on Thursday, reaching $435.34. The company had a trading volume of 473,586 shares, compared to its average volume of 458,588. The firm has a market cap of $33.51 billion, a price-to-earnings ratio of 27.13, a P/E/G ratio of 3.30 and a beta of 1.24. Gartner, Inc. has a 12-month low of $366.05 and a 12-month high of $584.01. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 1.06. The company has a 50-day moving average price of $420.18 and a 200 day moving average price of $475.67.

Gartner (NYSE:IT - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The information technology services provider reported $2.98 earnings per share (EPS) 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%. The company's quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.93 EPS. Equities analysts forecast that Gartner, Inc. will post 12.5 earnings per share for the current 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.