Gartner, Inc. (NYSE:IT) Position Increased by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB lifted its holdings in Gartner, Inc. (NYSE:IT) by 21.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,147 shares of the information technology services provider’s stock after buying an additional 376 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Gartner were worth $1,040,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Baron Wealth Management LLC boosted its stake 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 during the period. Fortitude Family Office LLC lifted its holdings 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 worth $53,000 after purchasing an additional 20 shares during the last quarter. Gilbert & Cook Inc. boosted its position in Gartner by 1.5% during 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 during the period. Harbor Capital Advisors Inc. grew its stake in 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 buying an additional 22 shares during the last quarter. Finally, Trust Point Inc. increased its position in Gartner by 3.2% in the third quarter. Trust Point Inc. now owns 746 shares of the information technology services provider’s stock worth $378,000 after buying an additional 23 shares during the period. 91.51% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Gartner news, Director James C. Smith sold 5,000 shares of Gartner stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $524.02, for a total transaction of $2,620,100.00. Following the transaction, the director now owns 509,457 shares of the company’s stock, valued at $266,965,657.14. The trade was a 0.97 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Claire Herkes sold 411 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $521.24, for a total transaction of $214,229.64. Following the transaction, the executive vice president now owns 1,494 shares in the company, valued at approximately $778,732.56. This represents a 21.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,600 shares of company stock worth $2,933,279. Company insiders own 3.60% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on IT. StockNews.com downgraded shares of Gartner from a “buy” rating to a “hold” rating in a report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Gartner from $529.00 to $531.00 and gave the company a “hold” rating in a research note on Wednesday, November 6th. Barclays upgraded shares of Gartner from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $525.00 to $600.00 in a research note on Friday, January 10th. Robert W. Baird boosted their price objective on Gartner from $579.00 to $605.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. Finally, Wells Fargo & Company lowered their target price on Gartner from $470.00 to $460.00 and set an “underweight” rating on the stock in a research report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $552.63.

Gartner Price Performance

Shares of NYSE IT opened at $528.74 on Tuesday. Gartner, Inc. has a twelve month low of $411.15 and a twelve month high of $584.01. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. The firm has a 50-day moving average of $510.16 and a two-hundred day moving average of $507.55. The company has a market capitalization of $40.78 billion, a price-to-earnings ratio of 32.98, a PEG ratio of 3.50 and a beta of 1.34.

Gartner (NYSE:IT) last announced its quarterly earnings data 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 return on equity of 136.32% and a net margin of 20.00%. The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter in the prior year, the firm earned $3.04 EPS. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. As a group, analysts expect that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

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.