Nebula Research & Development LLC Purchases 4,840 Shares of Gartner, Inc. (NYSE:IT)

Nebula Research & Development LLC lifted its holdings in Gartner, Inc. (NYSE:IT - Free Report) by 615.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,627 shares of the information technology services provider's stock after acquiring an additional 4,840 shares during the period. Nebula Research & Development LLC's holdings in Gartner were worth $2,726,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in IT. Kestra Investment Management LLC acquired a new stake in Gartner during the 4th quarter valued at $29,000. SBI Securities Co. Ltd. acquired a new stake in Gartner during the 4th quarter valued at $49,000. Promus Capital LLC acquired a new stake in Gartner during the 4th quarter valued at $57,000. Hurley Capital LLC acquired a new position in Gartner during the 4th quarter worth $73,000. Finally, Global Retirement Partners LLC grew its holdings in Gartner by 14.0% during the 4th quarter. Global Retirement Partners LLC now owns 276 shares of the information technology services provider's stock worth $134,000 after acquiring an additional 34 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company's stock.

Insider Buying and Selling

In other news, Director Eileen Serra sold 1,200 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $489.77, for a total value of $587,724.00. Following the completion of the sale, the director now directly owns 1,627 shares of the company's stock, valued at approximately $796,855.79. This represents a 42.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP John J. Rinello sold 90 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $530.51, for a total value of $47,745.90. Following the completion of the sale, the senior vice president now directly owns 3,259 shares of the company's stock, valued at $1,728,932.09. This represents a 2.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.60% of the stock is owned by corporate insiders.

Gartner Price Performance

NYSE IT traded down $2.52 on Wednesday, reaching $418.07. 203,596 shares of the stock traded hands, compared to its average volume of 623,590. The firm's fifty day simple moving average is $434.22 and its 200 day simple moving average is $487.62. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. The company has a market cap of $32.12 billion, a price-to-earnings ratio of 26.08, a P/E/G ratio of 3.30 and a beta of 1.26. Gartner, Inc. has a 12 month low of $366.05 and a 12 month high of $584.01.

Gartner (NYSE:IT - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share for the quarter, topping the consensus estimate of $3.22 by $2.23. The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.69 billion. Gartner had a return on equity of 116.56% and a net margin of 20.00%. The company's revenue was up 8.1% compared to the same quarter last year. During the same period last year, the company posted $3.04 EPS. As a group, research analysts predict that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have weighed in on IT. Wells Fargo & Company decreased their price objective on shares of Gartner from $488.00 to $401.00 and set an "underweight" rating for the company in a report on Wednesday, April 9th. Morgan Stanley cut their target price on shares of Gartner from $564.00 to $555.00 and set an "equal weight" rating on the stock in a report on Thursday, January 16th. UBS Group lowered their target price on Gartner from $565.00 to $500.00 and set a "buy" rating for the company in a report on Tuesday, March 25th. 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. Finally, StockNews.com cut Gartner from a "buy" rating to a "hold" rating in a research report on Friday, March 21st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $513.63.

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.