Gartner, Inc. (NYSE:IT) Shares Purchased by WCM Investment Management LLC

WCM Investment Management LLC boosted its holdings in shares of Gartner, Inc. (NYSE:IT) by 25.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,768 shares of the information technology services provider’s stock after buying an additional 5,493 shares during the quarter. WCM Investment Management LLC’s holdings in Gartner were worth $12,995,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IT. Baron Wealth Management LLC raised its holdings in Gartner by 4.1% in the third quarter. Baron Wealth Management LLC now owns 481 shares of the information technology services provider’s stock valued at $244,000 after acquiring an additional 19 shares in the last quarter. Fortitude Family Office LLC increased its position in shares of Gartner by 23.8% in the 3rd quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider’s stock valued at $53,000 after purchasing an additional 20 shares during the last quarter. Gilbert & Cook Inc. raised its holdings in shares of Gartner by 1.5% in the 4th quarter. Gilbert & Cook Inc. now owns 1,364 shares of the information technology services provider’s stock valued at $661,000 after purchasing an additional 20 shares in the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of Gartner by 2.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 917 shares of the information technology services provider’s stock worth $444,000 after purchasing an additional 22 shares during the last quarter. Finally, Trust Point Inc. grew its stake in shares of Gartner by 3.2% during the third quarter. Trust Point Inc. now owns 746 shares of the information technology services provider’s stock worth $378,000 after purchasing an additional 23 shares in the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Gartner Stock Down 1.0 %

IT stock opened at $528.93 on Monday. The company has a market cap of $40.80 billion, a price-to-earnings ratio of 33.00, a price-to-earnings-growth ratio of 3.50 and a beta of 1.34. The company has a fifty day moving average price of $509.93 and a 200 day moving average price of $507.08. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.02 and a quick ratio of 1.02. Gartner, Inc. has a 12 month low of $411.15 and a 12 month high of $584.01.

Gartner (NYSE:IT) last announced its earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 EPS for the quarter, beating analysts’ consensus estimates of $3.22 by $2.23. Gartner had a net margin of 20.00% and a return on equity of 136.32%. The business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.69 billion. During the same period in the prior year, the company earned $3.04 earnings per share. The business’s revenue was up 8.1% compared to the same quarter last year. Sell-side analysts expect that Gartner, Inc. will post 12.5 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director James C. Smith sold 5,000 shares of the firm’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $524.02, for a total value of $2,620,100.00. Following the completion of the sale, the director now owns 509,457 shares in the company, valued at approximately $266,965,657.14. This trade represents a 0.97 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP William James Wartinbee III sold 189 shares of Gartner stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $523.54, for a total transaction of $98,949.06. Following the completion of the sale, the executive vice president now directly owns 7,311 shares in the company, valued at approximately $3,827,600.94. The trade was a 2.52 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,600 shares of company stock valued at $2,933,279. 3.60% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have issued reports on IT shares. Robert W. Baird lifted their price target on Gartner from $579.00 to $605.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Wells Fargo & Company lowered their price target on Gartner from $470.00 to $460.00 and set an “underweight” rating for the company in a report on Friday, January 10th. StockNews.com cut shares of Gartner from a “buy” rating to a “hold” rating in a report on Tuesday, February 4th. Morgan Stanley lowered their target price on shares of Gartner from $564.00 to $555.00 and set an “equal weight” rating for the company in a report on Thursday, January 16th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $552.63.

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.