438 Shares in Gartner, Inc. (NYSE:IT) Purchased by Fund 1 Investments LLC

Fund 1 Investments LLC acquired a new stake in shares of Gartner, Inc. (NYSE:IT) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 438 shares of the information technology services provider’s stock, valued at approximately $212,000.

Several other large investors also recently modified their holdings of the stock. Cary Street Partners Financial LLC acquired a new position in Gartner in the fourth quarter valued at about $27,000. Kestra Investment Management LLC acquired a new position in shares of Gartner in the 4th quarter worth approximately $29,000. Itau Unibanco Holding S.A. grew its position in Gartner by 453.3% during the 4th quarter. Itau Unibanco Holding S.A. now owns 83 shares of the information technology services provider’s stock worth $40,000 after acquiring an additional 68 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in Gartner during the 4th quarter valued at $49,000. Finally, Promus Capital LLC bought a new position in Gartner in the 4th quarter valued at $57,000. 91.51% of the stock is currently owned by institutional investors.

Insider Transactions at Gartner

In other Gartner news, Director Eileen Serra sold 1,200 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $489.77, for a total transaction of $587,724.00. Following the sale, the director now directly owns 1,627 shares in the company, valued at approximately $796,855.79. This trade represents a 42.45 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP John J. Rinello sold 90 shares of Gartner 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 transaction, the senior vice president now directly owns 3,259 shares in the company, valued at approximately $1,728,932.09. The trade was a 2.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,138 shares of company stock valued at $1,005,606 over the last three months. 3.60% of the stock is currently owned by corporate insiders.

Gartner Trading Down 1.2 %

NYSE IT opened at $432.12 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.81. Gartner, Inc. has a 12 month low of $366.05 and a 12 month high of $584.01. The company has a market capitalization of $33.19 billion, a PE ratio of 26.96, a P/E/G ratio of 3.30 and a beta of 1.24. The stock has a 50-day simple moving average of $423.97 and a 200 day simple moving average of $482.39.

Gartner (NYSE:IT) last announced its quarterly earnings results on Tuesday, May 6th. The information technology services provider reported $2.98 earnings per share for the quarter, beating analysts’ consensus estimates of $2.72 by $0.26. Gartner had a net margin of 20.00% and a return on equity of 116.56%. The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same period last year, the company posted $2.93 EPS. Gartner’s revenue for the quarter was up 4.2% on a year-over-year basis. Research analysts forecast that Gartner, Inc. will post 12.5 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on IT. Barclays decreased their target price on Gartner from $510.00 to $475.00 and set an “overweight” rating on the stock in a report on Monday, April 21st. Robert W. Baird lowered their price objective on shares of Gartner from $605.00 to $557.00 and set an “outperform” rating for the company in a research report on Friday, March 21st. Morgan Stanley reduced their target price on shares of Gartner from $564.00 to $555.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 16th. The Goldman Sachs Group dropped their price objective on shares of Gartner from $622.00 to $535.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, UBS Group increased their price objective on Gartner from $500.00 to $525.00 and gave the company a “buy” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Gartner currently has an average rating of “Hold” and an average price target of $518.67.

About Gartner

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.