Scotia Capital Inc. Buys 271 Shares of Gartner, Inc. (NYSE:IT)

Scotia Capital Inc. lifted its holdings in Gartner, Inc. (NYSE:IT) by 2.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,086 shares of the information technology services provider’s stock after acquiring an additional 271 shares during the quarter. Scotia Capital Inc.’s holdings in Gartner were worth $6,340,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of IT. Kestra Investment Management LLC bought a new position in Gartner in the 4th quarter valued at $29,000. SBI Securities Co. Ltd. acquired a new position in shares of Gartner during the 4th quarter worth about $49,000. Promus Capital LLC acquired a new position in Gartner during the fourth quarter valued at approximately $57,000. Hurley Capital LLC acquired a new position in shares of Gartner in the 4th quarter valued at $73,000. Finally, Global Retirement Partners LLC increased its holdings in shares of Gartner by 14.0% in the fourth quarter. Global Retirement Partners LLC now owns 276 shares of the information technology services provider’s stock worth $134,000 after acquiring an additional 34 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Analyst Upgrades and Downgrades

IT has been the subject of several research reports. Barclays lowered their price objective on shares of Gartner from $600.00 to $510.00 and set an “overweight” rating for the company in a research report on Friday, April 4th. Wells Fargo & Company lowered their price target on Gartner from $488.00 to $401.00 and set an “underweight” rating on the stock in a research report on Wednesday. Morgan Stanley dropped their target price on shares of Gartner from $564.00 to $555.00 and set an “equal weight” rating on the stock in a report on Thursday, January 16th. StockNews.com downgraded Gartner from a “buy” rating to a “hold” rating in a report on Friday, March 21st. Finally, UBS Group cut their price objective on shares of Gartner from $565.00 to $500.00 and set a “buy” rating for the company in a research report on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $518.00.

Gartner Stock Up 2.0 %

Shares of NYSE IT opened at $399.84 on Friday. Gartner, Inc. has a 52 week low of $366.05 and a 52 week high of $584.01. The stock’s fifty day moving average is $461.38 and its 200 day moving average is $496.34. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market capitalization of $30.71 billion, a P/E ratio of 24.94, a PEG ratio of 3.30 and a beta of 1.26.

Gartner (NYSE:IT) last released its earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share for the quarter, topping the consensus estimate of $3.22 by $2.23. Gartner had a return on equity of 116.56% and a net margin of 20.00%. The firm 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 company’s quarterly revenue was up 8.1% on a year-over-year basis. Sell-side analysts forecast that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Insider Activity at Gartner

In other Gartner news, SVP John J. Rinello sold 90 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $530.51, for a total transaction of $47,745.90. Following the completion of the sale, the senior vice president now owns 3,259 shares of the company’s stock, valued at approximately $1,728,932.09. This represents a 2.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Eileen Serra sold 1,200 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $489.77, for a total transaction of $587,724.00. Following the sale, the director now owns 1,627 shares of the company’s stock, valued at approximately $796,855.79. This trade represents a 42.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by insiders.

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.