Xponance Inc. Acquires 5,822 Shares of Gartner, Inc. (NYSE:IT)

Xponance Inc. grew its position in shares of Gartner, Inc. (NYSE:IT - Free Report) by 28.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 26,394 shares of the information technology services provider's stock after buying an additional 5,822 shares during the quarter. Xponance Inc.'s holdings in Gartner were worth $11,907,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. BSW Wealth Partners raised its position in Gartner by 3.7% during the 4th quarter. BSW Wealth Partners now owns 617 shares of the information technology services provider's stock worth $278,000 after buying an additional 22 shares during the last quarter. Allworth Financial LP increased its holdings in shares of Gartner by 2.8% in the 4th quarter. Allworth Financial LP now owns 807 shares of the information technology services provider's stock valued at $364,000 after purchasing an additional 22 shares in the last quarter. AdvisorNet Financial Inc increased its holdings in shares of Gartner by 59.5% in the 4th quarter. AdvisorNet Financial Inc now owns 67 shares of the information technology services provider's stock valued at $30,000 after purchasing an additional 25 shares in the last quarter. Kolinsky Wealth Management LLC increased its holdings in shares of Gartner by 3.9% in the 3rd quarter. Kolinsky Wealth Management LLC now owns 720 shares of the information technology services provider's stock valued at $247,000 after purchasing an additional 27 shares in the last quarter. Finally, HB Wealth Management LLC increased its holdings in shares of Gartner by 2.6% in the 4th quarter. HB Wealth Management LLC now owns 1,073 shares of the information technology services provider's stock valued at $484,000 after purchasing an additional 27 shares in the last quarter. Hedge funds and other institutional investors own 91.51% of the company's stock.

Wall Street Analyst Weigh In

IT has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Gartner in a report on Tuesday. They issued a "hold" rating and a $507.00 price target for the company. UBS Group upgraded shares of Gartner from a "neutral" rating to a "buy" rating and increased their price target for the company from $484.00 to $550.00 in a report on Thursday, April 11th. Morgan Stanley increased their price target on shares of Gartner from $421.00 to $446.00 and gave the company an "equal weight" rating in a report on Tuesday, February 6th. BMO Capital Markets increased their price target on shares of Gartner from $444.00 to $450.00 and gave the company a "market perform" rating in a report on Thursday, February 8th. Finally, StockNews.com downgraded shares of Gartner from a "buy" rating to a "hold" rating in a report on Saturday, February 10th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $477.60.

Insider Buying and Selling

In related news, EVP Claire Herkes sold 1,460 shares of the firm's stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $475.76, for a total value of $694,609.60. Following the sale, the executive vice president now directly owns 2,842 shares of the company's stock, valued at $1,352,109.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Gartner news, EVP Claire Herkes sold 1,460 shares of Gartner stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $475.76, for a total transaction of $694,609.60. Following the transaction, the executive vice president now directly owns 2,842 shares of the company's stock, valued at $1,352,109.92. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Akhil Jain sold 250 shares of Gartner stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $464.55, for a total transaction of $116,137.50. Following the sale, 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. Over the last three months, insiders have sold 22,952 shares of company stock valued at $10,598,070. Insiders own 3.90% of the company's stock.

Gartner Price Performance

NYSE:IT traded down $9.23 during mid-day trading on Friday, hitting $440.38. 445,342 shares of the company's stock traded hands, compared to its average volume of 390,795. The company has a debt-to-equity ratio of 3.60, a quick ratio of 0.91 and a current ratio of 0.91. The firm's 50 day simple moving average is $465.53 and its 200 day simple moving average is $433.82. Gartner, Inc. has a 1 year low of $292.60 and a 1 year high of $486.54. The company has a market cap of $34.34 billion, a PE ratio of 39.70, a price-to-earnings-growth ratio of 4.10 and a beta of 1.29.

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

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.