Gartner, Inc. (NYSE:IT) Shares Acquired by Westwind Capital

Westwind Capital increased its position in Gartner, Inc. (NYSE:ITFree Report) by 1.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 43,561 shares of the information technology services provider’s stock after buying an additional 593 shares during the period. Gartner accounts for 5.3% of Westwind Capital’s portfolio, making the stock its 9th largest holding. Westwind Capital owned 0.06% of Gartner worth $20,763,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Gartner in the 4th quarter worth approximately $388,781,000. First Trust Advisors LP grew its stake in Gartner by 830.4% in the 4th quarter. First Trust Advisors LP now owns 514,230 shares of the information technology services provider’s stock valued at $231,974,000 after buying an additional 458,963 shares during the last quarter. American Century Companies Inc. grew its stake in 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 buying an additional 269,744 shares during the last quarter. Eagle Asset Management Inc. bought a new position in Gartner in the 3rd quarter worth $83,588,000. Finally, Wellington Management Group LLP lifted its position in Gartner by 12.0% during the 4th quarter. Wellington Management Group LLP now owns 1,852,820 shares of the information technology services provider’s stock worth $835,826,000 after acquiring an additional 198,274 shares during the last quarter. Institutional investors own 91.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on IT. Deutsche Bank Aktiengesellschaft initiated coverage on Gartner in a research report on Tuesday, April 16th. They issued a “hold” rating and a $507.00 price target on the stock. Robert W. Baird lowered their target price on Gartner from $536.00 to $517.00 and set an “outperform” rating on the stock in a report on Wednesday, May 1st. BMO Capital Markets cut their price target on Gartner from $450.00 to $432.00 and set a “market perform” rating for the company in a report on Thursday, May 2nd. StockNews.com upgraded shares of Gartner from a “hold” rating to a “buy” rating in a research note on Thursday, June 13th. Finally, UBS Group cut their target price on shares of Gartner from $550.00 to $510.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Gartner presently has an average rating of “Moderate Buy” and an average target price of $474.50.

Read Our Latest Stock Report on IT

Gartner Stock Performance

Shares of NYSE:IT traded up $3.61 during trading on Wednesday, hitting $446.30. 449,665 shares of the stock were exchanged, compared to its average volume of 426,589. The company has a market capitalization of $34.65 billion, a price-to-earnings ratio of 44.43, a price-to-earnings-growth ratio of 3.88 and a beta of 1.32. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.91 and a current ratio of 0.91. Gartner, Inc. has a 1-year low of $323.61 and a 1-year high of $486.54. The company’s fifty day simple moving average is $440.58 and its 200-day simple moving average is $452.14.

Gartner (NYSE:ITGet Free Report) last issued its earnings results on Tuesday, April 30th. The information technology services provider reported $2.93 EPS for the quarter, topping the consensus estimate of $2.53 by $0.40. The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Gartner had a return on equity of 141.55% and a net margin of 13.35%. Gartner’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period last year, the business earned $2.88 earnings per share. Sell-side analysts expect that Gartner, Inc. will post 11.55 EPS for the current fiscal year.

Insider Transactions at Gartner

In related news, EVP Yvonne Genovese sold 439 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $456.13, for a total value of $200,241.07. Following the sale, the executive vice president now owns 1,959 shares of the company’s stock, valued at $893,558.67. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Gartner news, Director James C. Smith sold 10,000 shares of the stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $439.29, for a total transaction of $4,392,900.00. Following the completion of the transaction, the director now directly owns 599,074 shares in the company, valued at $263,167,217.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Yvonne Genovese sold 439 shares of the business’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $456.13, for a total transaction of $200,241.07. Following the completion of the sale, the executive vice president now owns 1,959 shares in the company, valued at approximately $893,558.67. The disclosure for this sale can be found here. In the last three months, insiders sold 22,544 shares of company stock valued at $10,079,813. Company insiders own 3.60% of the company’s stock.

Gartner Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Gartner (NYSE:IT)

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