Gartner, Inc. (NYSE:IT) Stock Position Lifted by Hsbc Holdings PLC

Hsbc Holdings PLC boosted its stake in shares of Gartner, Inc. (NYSE:IT - Free Report) by 7.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 311,800 shares of the information technology services provider's stock after purchasing an additional 21,990 shares during the quarter. Hsbc Holdings PLC owned approximately 0.40% of Gartner worth $151,065,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Czech National Bank grew its stake in Gartner by 6.5% during the 4th quarter. Czech National Bank now owns 16,725 shares of the information technology services provider's stock worth $8,103,000 after buying an additional 1,028 shares during the last quarter. Entropy Technologies LP acquired a new position in shares of Gartner in the 4th quarter valued at $366,000. D.A. Davidson & CO. raised its position in Gartner by 2.6% in the 4th quarter. D.A. Davidson & CO. now owns 1,137 shares of the information technology services provider's stock valued at $551,000 after purchasing an additional 29 shares during the last quarter. Conestoga Capital Advisors LLC grew its position in Gartner by 1.5% during the 4th quarter. Conestoga Capital Advisors LLC now owns 31,626 shares of the information technology services provider's stock worth $15,322,000 after purchasing an additional 480 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its stake in shares of Gartner by 0.9% during the fourth quarter. Commonwealth Equity Services LLC now owns 3,379 shares of the information technology services provider's stock worth $1,637,000 after buying an additional 30 shares during the period. 91.51% of the stock is owned by institutional investors and hedge funds.

Gartner Price Performance

Shares of NYSE:IT traded down $3.17 on Monday, hitting $412.92. The company had a trading volume of 170,715 shares, compared to its average volume of 452,776. The company has a market cap of $31.72 billion, a PE ratio of 25.71, a PEG ratio of 3.30 and a beta of 1.26. The business has a 50 day moving average of $437.85 and a 200 day moving average of $488.82. Gartner, Inc. has a 52-week low of $366.05 and a 52-week high of $584.01. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.81.

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

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Robert W. Baird dropped their target price on Gartner from $605.00 to $557.00 and set an "outperform" rating on the stock in a report on Friday, March 21st. Barclays dropped their target price on Gartner from $510.00 to $475.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. The Goldman Sachs Group reiterated a "buy" rating on shares of Gartner in a research report on Tuesday, February 4th. StockNews.com cut shares of Gartner from a "buy" rating to a "hold" rating in a research note on Friday, March 21st. Finally, Morgan Stanley reduced their price objective on shares of Gartner from $564.00 to $555.00 and set an "equal weight" rating for the company in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Gartner has an average rating of "Hold" and an average target price of $513.63.

Insider Buying and Selling at Gartner

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

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.