Kestra Private Wealth Services LLC Boosts Stock Holdings in Gartner, Inc. (NYSE:IT)

Kestra Private Wealth Services LLC boosted its stake in shares of Gartner, Inc. (NYSE:IT) by 21.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,698 shares of the information technology services provider’s stock after buying an additional 472 shares during the period. Kestra Private Wealth Services LLC’s holdings in Gartner were worth $1,307,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Baron Wealth Management LLC increased its holdings in shares of Gartner by 4.1% during 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 grew its holdings in shares of Gartner by 23.8% during the third quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider’s stock valued at $53,000 after buying an additional 20 shares during the last quarter. Gilbert & Cook Inc. increased its position 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 acquiring an additional 20 shares during the period. Harbor Capital Advisors Inc. raised its stake in Gartner by 2.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 917 shares of the information technology services provider’s stock worth $444,000 after acquiring an additional 22 shares during the last quarter. Finally, Trust Point Inc. lifted its position in Gartner by 3.2% during the 3rd quarter. Trust Point Inc. now owns 746 shares of the information technology services provider’s stock worth $378,000 after acquiring an additional 23 shares during the period. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Gartner Price Performance

NYSE:IT opened at $514.02 on Thursday. Gartner, Inc. has a 52 week low of $411.15 and a 52 week high of $584.01. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.31. The stock has a market capitalization of $39.65 billion, a PE ratio of 32.07, a price-to-earnings-growth ratio of 3.50 and a beta of 1.34. The stock’s 50-day moving average price is $510.12 and its 200-day moving average price is $507.95.

Gartner (NYSE:IT) last issued its quarterly earnings data on Tuesday, February 4th. The information technology services provider reported $5.45 EPS for the quarter, beating the consensus estimate of $3.22 by $2.23. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.69 billion. Gartner had a return on equity of 136.32% and a net margin of 20.00%. Gartner’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period last year, the company earned $3.04 earnings per share. As a group, equities analysts expect that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

IT has been the topic of a number of research reports. Robert W. Baird increased their price objective on Gartner from $579.00 to $605.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. Barclays upgraded shares of Gartner from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $525.00 to $600.00 in a research note on Friday, January 10th. Morgan Stanley cut their price objective on shares of Gartner from $564.00 to $555.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 16th. StockNews.com raised shares of Gartner from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, Wells Fargo & Company cut their price target 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, three have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $552.63.

Insiders Place Their Bets

In other Gartner news, SVP John J. Rinello sold 90 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $530.51, for a total transaction of $47,745.90. Following the completion of the transaction, the senior vice president now owns 3,259 shares of the company’s stock, valued at $1,728,932.09. This represents a 2.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Claire Herkes sold 411 shares of Gartner stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $521.24, for a total value of $214,229.64. Following the completion of the sale, the executive vice president now directly owns 1,494 shares in the company, valued at $778,732.56. This represents a 21.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,690 shares of company stock worth $2,981,025. Company insiders own 3.60% of the company’s stock.

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.