Blue Barn Wealth LLC Takes $215,000 Position in Gartner, Inc. (NYSE:IT)

Blue Barn Wealth LLC acquired a new position in shares of Gartner, Inc. (NYSE:IT) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 477 shares of the information technology services provider’s stock, valued at approximately $215,000.

A number of other institutional investors also recently bought and sold shares of the business. BKM Wealth Management LLC purchased a new position in shares of Gartner in the 4th quarter valued at approximately $26,000. MCF Advisors LLC purchased a new stake in Gartner in the 4th quarter valued at approximately $27,000. AdvisorNet Financial Inc grew its holdings in Gartner by 59.5% during the fourth quarter. AdvisorNet Financial Inc now owns 67 shares of the information technology services provider’s stock worth $30,000 after acquiring an additional 25 shares during the period. Harbor Investment Advisory LLC increased its holdings in shares of Gartner by 7,500.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 76 shares of the information technology services provider’s stock valued at $34,000 after purchasing an additional 75 shares in the last quarter. Finally, OFI Invest Asset Management acquired a new stake in shares of Gartner in the third quarter valued at about $25,000. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on IT shares. Deutsche Bank Aktiengesellschaft began coverage on shares of Gartner in a research report on Tuesday, April 16th. They issued a “hold” rating and a $507.00 price objective on the stock. Robert W. Baird reduced their price objective on Gartner from $536.00 to $517.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 1st. StockNews.com raised Gartner from a “hold” rating to a “buy” rating in a research note on Thursday, May 2nd. BMO Capital Markets cut 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, May 2nd. Finally, Morgan Stanley lifted their target price on shares of Gartner from $421.00 to $446.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 6th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $474.50.

Insider Buying and Selling

In other Gartner news, EVP Valentin Sribar sold 682 shares of Gartner stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $453.00, for a total value of $308,946.00. Following the transaction, the executive vice president now owns 12,269 shares of the company’s stock, valued at $5,557,857. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, EVP Valentin Sribar sold 682 shares of the business’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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James C. Smith sold 5,000 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $455.00, for a total value of $2,275,000.00. Following the transaction, the director now owns 638,235 shares in the company, valued at approximately $290,396,925. The disclosure for this sale can be found here. Insiders have sold 22,952 shares of company stock valued at $10,598,070 in the last 90 days. 3.60% of the stock is owned by insiders.

Gartner Price Performance

NYSE:IT traded down $2.86 during mid-day trading on Wednesday, reaching $434.27. 368,164 shares of the company were exchanged, compared to its average volume of 408,341. The stock has a market cap of $33.86 billion, a PE ratio of 43.47, a PEG ratio of 3.44 and a beta of 1.32. Gartner, Inc. has a 12 month low of $301.78 and a 12 month high of $486.54. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 3.42. The company has a fifty day moving average of $461.54 and a 200 day moving average of $442.74.

Gartner (NYSE:IT) last posted its quarterly earnings results on Tuesday, April 30th. The information technology services provider reported $2.93 earnings per share for the quarter, beating analysts’ consensus estimates of $2.53 by $0.40. Gartner had a return on equity of 141.55% and a net margin of 13.35%. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the prior year, the business posted $2.88 EPS. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. On average, research analysts anticipate that Gartner, Inc. will post 11.55 EPS for the current fiscal 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.