Xponance Inc. Boosts Stake in Gartner, Inc. (NYSE:IT)

Xponance Inc. lifted its position in shares of Gartner, Inc. (NYSE:IT) by 28.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,394 shares of the information technology services provider’s stock after acquiring an additional 5,822 shares during the quarter. Xponance Inc.’s holdings in Gartner were worth $11,907,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of IT. OFI Invest Asset Management purchased a new stake in shares of Gartner during the 3rd quarter worth about $25,000. BKM Wealth Management LLC purchased a new position in Gartner in the 4th quarter valued at about $26,000. Cornerstone Planning Group LLC purchased a new position in Gartner in the 2nd quarter valued at about $27,000. VisionPoint Advisory Group LLC lifted its stake in Gartner by 254.2% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 85 shares of the information technology services provider’s stock valued at $29,000 after buying an additional 61 shares in the last quarter. Finally, Resurgent Financial Advisors LLC purchased a new position in Gartner in the 4th quarter valued at about $29,000. 91.51% of the stock is owned by hedge funds and other institutional investors.

Gartner Trading Down 0.3 %

Shares of IT stock traded down $1.19 during trading on Friday, hitting $448.42. 29,176 shares of the stock traded hands, compared to its average volume of 385,288. The firm has a market capitalization of $34.96 billion, a P/E ratio of 40.65, a price-to-earnings-growth ratio of 4.10 and a beta of 1.29. 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 firm’s fifty day moving average price is $465.53 and its 200-day moving average price is $433.82. Gartner, Inc. has a 52-week low of $292.60 and a 52-week high of $486.54.

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

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Morgan Stanley raised their price target on shares of Gartner from $421.00 to $446.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 6th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Gartner in a research note on Tuesday. They issued a “hold” rating and a $507.00 price target on the stock. StockNews.com lowered shares of Gartner from a “buy” rating to a “hold” rating in a research note on Saturday, February 10th. BMO Capital Markets raised their target price on shares of Gartner from $444.00 to $450.00 and gave the stock a “market perform” rating in a research note on Thursday, February 8th. Finally, UBS Group upgraded Gartner from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $484.00 to $550.00 in a report on Thursday, April 11th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $477.60.

Insider Buying and Selling at Gartner

In other news, EVP Valentin Sribar sold 682 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $453.00, for a total transaction of $308,946.00. Following the sale, the executive vice president now owns 12,269 shares of the company’s stock, valued at $5,557,857. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Claire Herkes sold 1,460 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $475.76, for a total transaction of $694,609.60. Following the sale, the executive vice president now owns 2,842 shares of the company’s stock, valued at $1,352,109.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Valentin Sribar sold 682 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $453.00, for a total value of $308,946.00. Following the sale, the executive vice president now directly owns 12,269 shares in the company, valued at approximately $5,557,857. The disclosure for this sale can be found here. Insiders have sold a total of 22,952 shares of company stock valued at $10,598,070 over the last quarter. 3.90% of the stock is owned by company insiders.

Gartner Company 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.