Gartner, Inc. (NYSE:IT) Shares Acquired by Moran Wealth Management LLC

Moran Wealth Management LLC lifted its position in Gartner, Inc. (NYSE:IT - Free Report) by 98.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,750 shares of the information technology services provider's stock after buying an additional 27,688 shares during the period. Gartner comprises 0.9% of Moran Wealth Management LLC's holdings, making the stock its 20th largest position. Moran Wealth Management LLC owned 0.07% of Gartner worth $25,149,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. BKM Wealth Management LLC acquired a new position in Gartner during the fourth quarter worth approximately $26,000. MCF Advisors LLC acquired a new position in Gartner during the fourth quarter worth approximately $27,000. AdvisorNet Financial Inc increased its position in Gartner by 59.5% during the fourth quarter. AdvisorNet Financial Inc now owns 67 shares of the information technology services provider's stock worth $30,000 after buying an additional 25 shares during the last quarter. Harbor Investment Advisory LLC increased its position in Gartner by 7,500.0% during the fourth quarter. Harbor Investment Advisory LLC now owns 76 shares of the information technology services provider's stock worth $34,000 after buying an additional 75 shares during the last quarter. Finally, OFI Invest Asset Management acquired a new position in Gartner during the third quarter worth approximately $25,000. Institutional investors own 91.51% of the company's stock.

Gartner Stock Performance

Shares of Gartner stock traded down $3.52 during mid-day trading on Tuesday, hitting $436.57. 339,080 shares of the stock were exchanged, compared to its average volume of 405,689. Gartner, Inc. has a 12 month low of $309.02 and a 12 month high of $486.54. The company has a 50-day simple moving average of $459.09 and a 200 day simple moving average of $445.62. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market capitalization of $33.89 billion, a P/E ratio of 43.44, a P/E/G ratio of 3.52 and a beta of 1.32.

Gartner (NYSE:IT - Get Free Report) last posted its earnings results on Tuesday, April 30th. The information technology services provider reported $2.93 EPS for the quarter, topping the consensus estimate of $2.53 by $0.40. The firm had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.47 billion. Gartner had a net margin of 13.35% and a return on equity of 141.55%. The company's quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the firm earned $2.88 EPS. Sell-side analysts anticipate that Gartner, Inc. will post 11.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on IT shares. Deutsche Bank Aktiengesellschaft started coverage on Gartner in a research report on Tuesday, April 16th. They issued a "hold" rating and a $507.00 target price on the stock. StockNews.com downgraded Gartner from a "buy" rating to a "hold" rating in a research report on Friday. Morgan Stanley upped their target price on Gartner from $421.00 to $446.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 6th. UBS Group reduced their price target on Gartner from $550.00 to $510.00 and set a "buy" rating on the stock in a research report on Wednesday, May 1st. Finally, BMO Capital Markets reduced their price target on Gartner from $450.00 to $432.00 and set a "market perform" rating on the stock in a research report on Thursday, May 2nd. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $474.50.

Insider Activity at Gartner

In related news, EVP Valentin Sribar sold 682 shares of Gartner stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $453.00, for a total value of $308,946.00. Following the completion of 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 this link. In other news, EVP Valentin Sribar sold 682 shares of the business's stock in a transaction on Friday, February 16th. The shares were sold at an average price of $453.00, for a total transaction of $308,946.00. Following the completion of 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. Also, EVP Yvonne Genovese sold 560 shares of the business's stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $457.37, for a total transaction of $256,127.20. Following the transaction, the executive vice president now owns 2,398 shares of the company's stock, valued at $1,096,773.26. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,952 shares of company stock worth $10,598,070. Corporate insiders own 3.60% of the company's stock.

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.