Mufg Securities Americas Inc. Buys New Holdings in Gartner, Inc. (NYSE:IT)

Mufg Securities Americas Inc. bought a new position in shares of Gartner, Inc. (NYSE:IT - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,139 shares of the information technology services provider's stock, valued at approximately $552,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in IT. Howard Capital Management Inc. lifted its holdings in Gartner by 4.4% in the fourth quarter. Howard Capital Management Inc. now owns 452 shares of the information technology services provider's stock valued at $219,000 after buying an additional 19 shares during the period. Gilbert & Cook Inc. raised its stake in Gartner by 1.5% during the 4th quarter. Gilbert & Cook Inc. now owns 1,364 shares of the information technology services provider's stock worth $661,000 after buying an additional 20 shares during the period. Dorsey & Whitney Trust CO LLC boosted its holdings in Gartner by 2.5% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 826 shares of the information technology services provider's stock worth $400,000 after acquiring an additional 20 shares in the last quarter. Sompo Asset Management Co. Ltd. grew its stake in Gartner by 1.7% in the fourth quarter. Sompo Asset Management Co. Ltd. now owns 1,210 shares of the information technology services provider's stock valued at $586,000 after acquiring an additional 20 shares during the period. Finally, Parallel Advisors LLC lifted its stake in shares of Gartner by 2.9% in the fourth quarter. Parallel Advisors LLC now owns 737 shares of the information technology services provider's stock valued at $357,000 after buying an additional 21 shares in the last quarter. Institutional investors own 91.51% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on IT shares. The Goldman Sachs Group dropped their price objective on Gartner from $622.00 to $535.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. UBS Group lifted 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. StockNews.com lowered shares of Gartner from a "buy" rating to a "hold" rating in a research report on Friday, March 21st. Wells Fargo & Company lowered their target price on Gartner from $401.00 to $400.00 and set an "underweight" rating for the company in a research note on Thursday, May 1st. Finally, Robert W. Baird cut their price target on shares of Gartner from $605.00 to $557.00 and set an "outperform" rating on the stock in a report on Friday, March 21st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, Gartner presently has an average rating of "Hold" and a consensus price target of $518.67.

Gartner Stock Up 0.4%

Shares of Gartner stock traded up $1.74 during trading on Monday, hitting $450.03. 298,624 shares of the stock traded hands, compared to its average volume of 455,713. Gartner, Inc. has a 52-week low of $366.05 and a 52-week high of $584.01. The stock's fifty day simple moving average is $420.79 and its 200 day simple moving average is $479.56. The firm has a market cap of $34.57 billion, a P/E ratio of 28.07, a price-to-earnings-growth ratio of 3.30 and a beta of 1.24. 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 posted its earnings results on Tuesday, May 6th. The information technology services provider reported $2.98 EPS for the quarter, beating analysts' consensus estimates of $2.72 by $0.26. Gartner had a return on equity of 116.56% and a net margin of 20.00%. The firm had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.53 billion. During the same period last year, the firm earned $2.93 EPS. The company's quarterly revenue was up 4.2% on a year-over-year basis. On average, equities analysts predict that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Insider Buying and Selling at Gartner

In related news, EVP William James Wartinbee III sold 538 shares of the stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $449.09, for a total transaction of $241,610.42. Following the sale, the executive vice president now owns 7,965 shares of the company's stock, valued at $3,577,001.85. This trade represents a 6.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Craig Safian sold 3,415 shares of the business's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $450.17, for a total transaction of $1,537,330.55. Following the completion of the transaction, the chief financial officer now owns 77,890 shares in the company, valued at $35,063,741.30. This represents a 4.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,001 shares of company stock valued at $2,736,801 in the last quarter. Corporate insiders own 2.30% of the company's stock.

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.