Gartner, Inc. (NYSE:IT) Shares Bought by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC increased its position in shares of Gartner, Inc. (NYSE:IT) by 167.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 140,379 shares of the information technology services provider’s stock after buying an additional 87,812 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Gartner were worth $63,326,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Morgan Stanley grew its position in Gartner by 4.6% in the third quarter. Morgan Stanley now owns 2,157,075 shares of the information technology services provider’s stock worth $741,193,000 after buying an additional 95,040 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Gartner by 30.3% during the third quarter. Principal Financial Group Inc. now owns 1,565,046 shares of the information technology services provider’s stock worth $537,766,000 after purchasing an additional 364,128 shares during the period. Brown Advisory Inc. lifted its holdings in shares of Gartner by 13.9% during the third quarter. Brown Advisory Inc. now owns 1,156,088 shares of the information technology services provider’s stock valued at $397,243,000 after purchasing an additional 141,219 shares during the last quarter. Invesco Ltd. boosted its position in shares of Gartner by 6.7% in the 3rd quarter. Invesco Ltd. now owns 740,957 shares of the information technology services provider’s stock valued at $254,600,000 after purchasing an additional 46,425 shares during the period. Finally, Mackenzie Financial Corp raised its holdings in Gartner by 26.3% during the 4th quarter. Mackenzie Financial Corp now owns 629,969 shares of the information technology services provider’s stock worth $284,185,000 after buying an additional 131,222 shares during the period. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Gartner

In other Gartner news, EVP Akhil Jain sold 250 shares of the stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $464.55, for a total value of $116,137.50. Following the completion of the sale, the executive vice president now directly owns 5,239 shares of the company’s stock, valued at approximately $2,433,777.45. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Gartner news, EVP Claire Herkes sold 1,460 shares of Gartner stock in a transaction on Thursday, March 14th. The shares were 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 in the company, valued at $1,352,109.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Akhil Jain sold 250 shares of the stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $464.55, for a total transaction of $116,137.50. Following the completion of the transaction, the executive vice president now owns 5,239 shares of the company’s stock, valued at approximately $2,433,777.45. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,952 shares of company stock worth $10,598,070. Insiders own 3.60% of the company’s stock.

Gartner Stock Performance

Shares of IT stock traded up $9.60 during trading on Friday, reaching $428.64. The company had a trading volume of 478,615 shares, compared to its average volume of 411,033. The company has a market capitalization of $33.42 billion, a PE ratio of 41.70, a PEG ratio of 3.72 and a beta of 1.32. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.91 and a quick ratio of 0.91. The firm’s 50 day simple moving average is $463.16 and its two-hundred day simple moving average is $439.76. Gartner, Inc. has a one year low of $295.43 and a one year high of $486.54.

Gartner (NYSE:IT) last released its quarterly earnings results on Tuesday, April 30th. The information technology services provider reported $2.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.53 by $0.40. The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Gartner had a net margin of 13.35% and a return on equity of 141.55%. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the company earned $2.88 earnings per share. Sell-side analysts forecast that Gartner, Inc. will post 11.56 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. StockNews.com raised shares of Gartner from a “hold” rating to a “buy” rating in a research note on Thursday. Robert W. Baird lowered their price objective on shares of Gartner from $536.00 to $517.00 and set an “outperform” rating on the stock in a research report on Wednesday. UBS Group dropped their price target on shares of Gartner from $550.00 to $510.00 and set a “buy” rating on the stock in a research note on Wednesday. BMO Capital Markets dropped their target price on Gartner from $450.00 to $432.00 and set a “market perform” rating on the stock in a research report on Thursday. Finally, Morgan Stanley lifted their price target on Gartner from $421.00 to $446.00 and gave the company an “equal weight” rating in a report on Tuesday, February 6th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $474.50.

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.