Dakota Wealth Management Has $2.86 Million Stock Holdings in Gartner, Inc. (NYSE:IT)

Dakota Wealth Management grew its holdings in Gartner, Inc. (NYSE:IT) by 18.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,346 shares of the information technology services provider’s stock after acquiring an additional 1,009 shares during the period. Dakota Wealth Management’s holdings in Gartner were worth $2,863,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Morgan Stanley increased its stake in Gartner by 271.1% during the 4th quarter. Morgan Stanley now owns 2,151,011 shares of the information technology services provider’s stock worth $723,041,000 after acquiring an additional 1,571,413 shares during the period. Norges Bank bought a new position in Gartner during the 4th quarter worth $263,599,000. Principal Financial Group Inc. increased its stake in Gartner by 30.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,565,046 shares of the information technology services provider’s stock worth $537,766,000 after acquiring an additional 364,128 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Gartner by 20.3% in the 1st quarter. Wellington Management Group LLP now owns 2,029,738 shares of the information technology services provider’s stock valued at $603,766,000 after purchasing an additional 342,228 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Gartner by 888.4% in the 3rd quarter. American Century Companies Inc. now owns 300,106 shares of the information technology services provider’s stock valued at $103,119,000 after purchasing an additional 269,744 shares in the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insider Transactions at Gartner

In related news, EVP Valentin Sribar sold 682 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 12,269 shares of the company’s stock, valued at approximately $5,557,857. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, EVP Valentin Sribar sold 682 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 12,269 shares of the company’s stock, valued at approximately $5,557,857. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Akhil Jain sold 250 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $464.55, for a total value of $116,137.50. Following the transaction, the executive vice president now directly owns 5,239 shares in the company, valued at $2,433,777.45. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,952 shares of company stock valued at $10,598,070. Corporate insiders own 3.90% of the company’s stock.

Gartner Stock Down 1.1 %

Shares of IT opened at $458.46 on Wednesday. The company has a market capitalization of $35.75 billion, a PE ratio of 41.45, a PEG ratio of 4.23 and a beta of 1.29. Gartner, Inc. has a 12 month low of $292.60 and a 12 month high of $486.54. The stock’s 50-day moving average price is $465.67 and its two-hundred day moving average price is $433.60. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 3.60.

Gartner (NYSE:IT) last posted its quarterly earnings data on Tuesday, February 6th. The information technology services provider reported $3.04 earnings per share for the quarter, topping the consensus estimate of $2.83 by $0.21. Gartner had a return on equity of 156.35% and a net margin of 14.94%. The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.59 billion. During the same period last year, the company posted $3.70 EPS. The business’s quarterly revenue was up 6.3% on a year-over-year basis. On average, analysts anticipate that Gartner, Inc. will post 11.36 EPS for the current 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.