Ossiam Raises Stake in Gartner, Inc. (NYSE:IT)

Ossiam raised its stake in shares of Gartner, Inc. (NYSE:IT - Free Report) by 36.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,163 shares of the information technology services provider's stock after acquiring an additional 2,963 shares during the period. Ossiam's holdings in Gartner were worth $5,408,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Czech National Bank grew its position in Gartner by 6.5% in the 4th quarter. Czech National Bank now owns 16,725 shares of the information technology services provider's stock valued at $8,103,000 after acquiring an additional 1,028 shares in the last quarter. Entropy Technologies LP purchased a new position in shares of Gartner in the fourth quarter valued at approximately $366,000. D.A. Davidson & CO. grew its holdings in shares of Gartner by 2.6% in 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 purchasing an additional 29 shares in the last quarter. Conestoga Capital Advisors LLC increased its stake in Gartner by 1.5% during the 4th quarter. Conestoga Capital Advisors LLC now owns 31,626 shares of the information technology services provider's stock worth $15,322,000 after buying an additional 480 shares during the period. Finally, Commonwealth Equity Services LLC lifted its holdings 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 worth $1,637,000 after buying an additional 30 shares in the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

Gartner Stock Down 0.6 %

IT traded down $2.61 on Friday, reaching $415.24. The company's stock had a trading volume of 310,692 shares, compared to its average volume of 451,353. The stock has a 50 day moving average of $439.79 and a two-hundred day moving average of $489.91. Gartner, Inc. has a fifty-two week low of $366.05 and a fifty-two week 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. The company has a market capitalization of $31.90 billion, a price-to-earnings ratio of 25.95, a P/E/G ratio of 3.30 and a beta of 1.26.

Gartner (NYSE:IT - Get Free Report) last posted its earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share for the quarter, beating the consensus estimate of $3.22 by $2.23. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.69 billion. Gartner had a return on equity of 116.56% and a net margin of 20.00%. The business's quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the business earned $3.04 EPS. As a group, analysts forecast that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Insider Activity

In other news, SVP John J. Rinello sold 90 shares of the business's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $530.51, for a total value of $47,745.90. Following the transaction, the senior vice president now owns 3,259 shares of the company's stock, valued at approximately $1,728,932.09. The trade was a 2.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Eileen Serra sold 1,200 shares of the firm's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $489.77, for a total transaction of $587,724.00. Following the completion of the sale, the director now owns 1,627 shares of the company's stock, valued at $796,855.79. This trade represents a 42.45 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.60% of the company's stock.

Analyst Upgrades and Downgrades

IT has been the subject of several research reports. Robert W. Baird dropped their price target on shares of Gartner from $605.00 to $557.00 and set an "outperform" rating for the company in a research note on Friday, March 21st. UBS Group cut their price target on Gartner from $565.00 to $500.00 and set a "buy" rating on the stock in a report on Tuesday, March 25th. Morgan Stanley reduced their price target on Gartner from $564.00 to $555.00 and set an "equal weight" rating on the stock in a research report on Thursday, January 16th. StockNews.com downgraded Gartner from a "buy" rating to a "hold" rating in a research report on Friday, March 21st. Finally, The Goldman Sachs Group reaffirmed a "buy" rating on shares of Gartner in a report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $513.63.

Gartner 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.