Susquehanna Fundamental Investments LLC Purchases New Stake in Gartner, Inc. (NYSE:IT)

Susquehanna Fundamental Investments LLC acquired a new stake in Gartner, Inc. (NYSE:IT - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,425 shares of the information technology services provider's stock, valued at approximately $690,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Virtus ETF Advisers LLC increased its stake in Gartner by 18.7% during the 4th quarter. Virtus ETF Advisers LLC now owns 2,232 shares of the information technology services provider's stock valued at $1,081,000 after buying an additional 352 shares during the period. Three Seasons Wealth LLC acquired a new stake in Gartner in the fourth quarter worth approximately $731,000. Nebula Research & Development LLC boosted its stake in Gartner by 615.0% during the 4th quarter. Nebula Research & Development LLC now owns 5,627 shares of the information technology services provider's stock valued at $2,726,000 after purchasing an additional 4,840 shares in the last quarter. Kovitz Investment Group Partners LLC acquired a new position in shares of Gartner during the 4th quarter valued at $705,000. Finally, Sompo Asset Management Co. Ltd. lifted its holdings in shares of Gartner by 1.7% in the fourth quarter. Sompo Asset Management Co. Ltd. now owns 1,210 shares of the information technology services provider's stock valued at $586,000 after buying an additional 20 shares during the period. 91.51% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, SVP John J. Rinello sold 90 shares of the business's stock in a transaction 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 sale, the senior vice president now owns 3,259 shares of the company's stock, valued at $1,728,932.09. The trade was a 2.69 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Eileen Serra sold 1,200 shares of the business's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $489.77, for a total transaction of $587,724.00. Following the completion of the transaction, the director now owns 1,627 shares in the company, valued at approximately $796,855.79. This trade represents a 42.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.60% of the company's stock.

Analysts Set New Price Targets

IT has been the topic of several research reports. The Goldman Sachs Group reiterated a "buy" rating on shares of Gartner in a research report on Tuesday, February 4th. Robert W. Baird decreased their price target on shares of Gartner from $605.00 to $557.00 and set an "outperform" rating on the stock in a research report on Friday, March 21st. StockNews.com lowered Gartner from a "buy" rating to a "hold" rating in a research note on Friday, March 21st. Wells Fargo & Company cut their target price on Gartner from $401.00 to $400.00 and set an "underweight" rating on the stock in a research report on Thursday. Finally, UBS Group decreased their price target on Gartner from $565.00 to $500.00 and set a "buy" rating for the company in a research report on Tuesday, March 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $513.50.

Gartner Stock Up 0.1 %

NYSE IT traded up $0.35 on Monday, reaching $427.84. The stock had a trading volume of 662,109 shares, compared to its average volume of 448,721. Gartner, Inc. has a 1 year low of $366.05 and a 1 year high of $584.01. The business has a 50 day moving average price of $428.42 and a 200 day moving average price of $484.35. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.81. The company has a market capitalization of $32.87 billion, a price-to-earnings ratio of 26.69, 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 EPS for the quarter, topping the consensus estimate of $3.22 by $2.23. The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.69 billion. Gartner had a net margin of 20.00% and a return on equity of 116.56%. The company's revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.04 earnings per share. On average, analysts forecast that Gartner, Inc. will post 12.5 EPS for the current fiscal 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.