2,010 Shares in Gartner, Inc. (NYSE:IT) Bought by Everence Capital Management Inc.

Everence Capital Management Inc. bought a new position in shares of Gartner, Inc. (NYSE:IT - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,010 shares of the information technology services provider's stock, valued at approximately $907,000.

A number of other institutional investors have also recently bought and sold shares of IT. Morgan Stanley boosted its position in shares of Gartner by 271.1% during the fourth quarter. Morgan Stanley now owns 2,151,011 shares of the information technology services provider's stock worth $723,041,000 after purchasing an additional 1,571,413 shares in the last quarter. Norges Bank bought a new position in shares of Gartner during the fourth quarter worth $263,599,000. Principal Financial Group Inc. boosted its position in shares of Gartner by 30.3% during the third quarter. Principal Financial Group Inc. now owns 1,565,046 shares of the information technology services provider's stock worth $537,766,000 after purchasing an additional 364,128 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Gartner by 20.3% during the first quarter. Wellington Management Group LLP now owns 2,029,738 shares of the information technology services provider's stock worth $603,766,000 after purchasing an additional 342,228 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Gartner by 888.4% during the third quarter. American Century Companies Inc. now owns 300,106 shares of the information technology services provider's stock worth $103,119,000 after purchasing an additional 269,744 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company's stock.

Insider Transactions at Gartner

In other news, EVP Valentin Sribar sold 682 shares of the business's stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $453.00, for a total transaction of $308,946.00. Following the transaction, the executive vice president now directly owns 12,269 shares in the company, valued at approximately $5,557,857. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Valentin Sribar sold 682 shares of the company's stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $453.00, for a total value of $308,946.00. Following the transaction, the executive vice president now owns 12,269 shares in the company, valued at approximately $5,557,857. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Akhil Jain sold 250 shares of the company's stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $464.55, for a total transaction of $116,137.50. Following the completion of the transaction, the executive vice president now owns 5,239 shares in the company, valued at approximately $2,433,777.45. The disclosure for this sale can be found here. Insiders have sold 22,952 shares of company stock worth $10,598,070 in the last ninety days. Insiders own 3.90% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on IT shares. StockNews.com cut shares of Gartner from a "buy" rating to a "hold" rating in a research report on Saturday, February 10th. UBS Group raised shares of Gartner from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $484.00 to $550.00 in a research report on Thursday, April 11th. Deutsche Bank Aktiengesellschaft began coverage on shares of Gartner in a research report on Tuesday. They issued a "hold" rating and a $507.00 price objective on the stock. BMO Capital Markets boosted their price objective on shares of Gartner from $444.00 to $450.00 and gave the company a "market perform" rating in a research report on Thursday, February 8th. Finally, Morgan Stanley boosted their price objective on shares of Gartner from $421.00 to $446.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 6th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $477.60.

Gartner Stock Up 0.1 %

IT stock traded up $0.30 during midday trading on Thursday, hitting $449.61. The company's stock had a trading volume of 392,154 shares, compared to its average volume of 390,069. The company has a debt-to-equity ratio of 3.60, a current ratio of 0.91 and a quick ratio of 0.91. Gartner, Inc. has a twelve month low of $292.60 and a twelve month high of $486.54. The company's fifty day moving average price is $465.53 and its 200 day moving average price is $433.82. The stock has a market capitalization of $35.06 billion, a P/E ratio of 40.65, a PEG ratio of 4.18 and a beta of 1.29.

Gartner (NYSE:IT - Get Free Report) last issued its quarterly earnings results on Tuesday, February 6th. The information technology services provider reported $3.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.83 by $0.21. The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.59 billion. Gartner had a net margin of 14.94% and a return on equity of 156.35%. The company's revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the business earned $3.70 EPS. As a group, equities research analysts predict that Gartner, Inc. will post 11.36 EPS 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.