SVB Wealth LLC Increases Position in Gartner, Inc. (NYSE:IT)

SVB Wealth LLC boosted its stake in shares of Gartner, Inc. (NYSE:IT) by 1.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,431 shares of the information technology services provider’s stock after purchasing an additional 108 shares during the period. SVB Wealth LLC’s holdings in Gartner were worth $3,352,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Fox Run Management L.L.C. purchased a new position in Gartner during the third quarter worth approximately $230,000. RFG Advisory LLC increased its position in shares of Gartner by 37.2% in the fourth quarter. RFG Advisory LLC now owns 1,589 shares of the information technology services provider’s stock worth $717,000 after acquiring an additional 431 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of Gartner by 169.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 37,708 shares of the information technology services provider’s stock worth $17,010,000 after acquiring an additional 23,701 shares in the last quarter. Chapin Davis Inc. acquired a new stake in shares of Gartner in the fourth quarter worth $960,000. Finally, Stifel Financial Corp increased its position in shares of Gartner by 32.6% in the third quarter. Stifel Financial Corp now owns 33,817 shares of the information technology services provider’s stock worth $11,620,000 after acquiring an additional 8,319 shares in the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Analyst Ratings Changes

IT has been the subject of several recent research reports. StockNews.com lowered shares of Gartner from a “buy” rating to a “hold” rating in a research report on Saturday, February 10th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Gartner in a research report on Tuesday. They issued a “hold” rating and a $507.00 price objective for the company. Morgan Stanley increased their price objective on shares of Gartner from $421.00 to $446.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 6th. UBS Group raised shares of Gartner from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $484.00 to $550.00 in a research report on Thursday, April 11th. Finally, BMO Capital Markets raised their price target on shares of Gartner from $444.00 to $450.00 and gave the company a “market perform” rating in a report on Thursday, February 8th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $477.60.

Gartner Trading Down 1.9 %

NYSE IT opened at $449.41 on Thursday. Gartner, Inc. has a 12 month low of $292.60 and a 12 month high of $486.54. The company has a debt-to-equity ratio of 3.60, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market capitalization of $35.04 billion, a price-to-earnings ratio of 40.63, a price-to-earnings-growth ratio of 4.18 and a beta of 1.29. The company’s fifty day moving average price is $465.66 and its two-hundred day moving average price is $433.71.

Gartner (NYSE:IT) last posted its quarterly earnings data on Tuesday, February 6th. The information technology services provider reported $3.04 EPS for the quarter, beating analysts’ consensus estimates of $2.83 by $0.21. Gartner had a net margin of 14.94% and a return on equity of 156.35%. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.59 billion. During the same period in the prior year, the firm posted $3.70 EPS. The firm’s revenue was up 6.3% compared to the same quarter last year. As a group, research analysts predict that Gartner, Inc. will post 11.36 earnings per share for the current fiscal year.

Insider Buying and Selling at Gartner

In other news, EVP Valentin Sribar sold 682 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $453.00, for a total value of $308,946.00. Following the transaction, the executive vice president now directly owns 12,269 shares in the company, valued at approximately $5,557,857. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, EVP Claire Herkes sold 1,460 shares of Gartner stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $475.76, for a total value of $694,609.60. Following the sale, the executive vice president now directly owns 2,842 shares in the company, valued at approximately $1,352,109.92. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Valentin Sribar sold 682 shares of Gartner stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $453.00, for a total transaction of $308,946.00. Following the completion of the sale, the executive vice president now owns 12,269 shares in the company, valued at $5,557,857. The disclosure for this sale can be found here. Insiders have sold 22,952 shares of company stock worth $10,598,070 in the last ninety days. 3.90% of the stock is owned by insiders.

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.