Occudo Quantitative Strategies LP Makes New $3.56 Million Investment in Gartner, Inc. (NYSE:IT)

Occudo Quantitative Strategies LP bought a new stake in shares of Gartner, Inc. (NYSE:IT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 7,342 shares of the information technology services provider's stock, valued at approximately $3,557,000. Gartner comprises about 0.6% of Occudo Quantitative Strategies LP's investment portfolio, making the stock its 24th largest holding.

A number of other large investors also recently added to or reduced their stakes in IT. Czech National Bank boosted its holdings in shares of Gartner by 6.5% during the fourth quarter. Czech National Bank now owns 16,725 shares of the information technology services provider's stock worth $8,103,000 after purchasing an additional 1,028 shares during the period. Entropy Technologies LP purchased a new stake in Gartner in the 4th quarter worth approximately $366,000. D.A. Davidson & CO. raised its holdings in shares of Gartner by 2.6% during the fourth quarter. D.A. Davidson & CO. now owns 1,137 shares of the information technology services provider's stock valued at $551,000 after acquiring an additional 29 shares in the last quarter. Conestoga Capital Advisors LLC lifted its stake in Gartner by 1.5% in the fourth quarter. Conestoga Capital Advisors LLC now owns 31,626 shares of the information technology services provider's stock worth $15,322,000 after acquiring an additional 480 shares during the period. Finally, Commonwealth Equity Services LLC increased its position in Gartner by 0.9% during the 4th quarter. Commonwealth Equity Services LLC now owns 3,379 shares of the information technology services provider's stock valued at $1,637,000 after purchasing an additional 30 shares during the period. Hedge funds and other institutional investors own 91.51% of the company's stock.

Gartner Stock Up 0.3%

Shares of NYSE IT traded up $1.39 during trading on Friday, reaching $447.88. The company had a trading volume of 407,127 shares, compared to its average volume of 455,902. The business's 50-day moving average is $420.79 and its 200 day moving average is $479.98. The stock has a market cap of $34.41 billion, a PE ratio of 27.94, a P/E/G ratio of 3.30 and a beta of 1.24. Gartner, Inc. has a 12-month low of $366.05 and a 12-month high of $584.01. The company has a quick ratio of 1.06, a current 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, topping analysts' consensus estimates of $2.72 by $0.26. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. Gartner had a net margin of 20.00% and a return on equity of 116.56%. The firm's revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.93 EPS. As a group, equities analysts forecast that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Gartner news, SVP John J. Rinello sold 109 shares of the business's stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $436.35, for a total transaction of $47,562.15. Following the completion of the sale, the senior vice president now owns 3,280 shares of the company's stock, valued at approximately $1,431,228. The trade was a 3.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP William James Wartinbee III sold 538 shares of the company's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $449.09, for a total value of $241,610.42. Following the completion of the sale, the executive vice president now owns 7,965 shares of the company's stock, valued at approximately $3,577,001.85. The trade was a 6.33% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,001 shares of company stock valued at $2,736,801. 2.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on IT shares. UBS Group lifted their target price on shares of Gartner from $500.00 to $525.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. StockNews.com downgraded Gartner from a "buy" rating to a "hold" rating in a report on Friday, March 21st. Wells Fargo & Company decreased their target price on Gartner from $401.00 to $400.00 and set an "underweight" rating for the company in a research report on Thursday, May 1st. Barclays dropped their price target on Gartner from $510.00 to $475.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. Finally, Robert W. Baird decreased their price objective on Gartner from $605.00 to $557.00 and set an "outperform" rating for the company in a report on Friday, March 21st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $518.67.

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.