684 Shares in Gartner, Inc. (NYSE:IT) Purchased by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC acquired a new position in shares of Gartner, Inc. (NYSE:IT) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 684 shares of the information technology services provider’s stock, valued at approximately $309,000.

Several other hedge funds have also bought and sold shares of the business. BKM Wealth Management LLC bought a new position in Gartner during the fourth quarter valued at approximately $26,000. AdvisorNet Financial Inc lifted its position in Gartner by 59.5% during the fourth quarter. AdvisorNet Financial Inc now owns 67 shares of the information technology services provider’s stock valued at $30,000 after purchasing an additional 25 shares during the period. Harbor Investment Advisory LLC lifted its position in Gartner by 7,500.0% during the fourth 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 during the period. OFI Invest Asset Management bought a new position in Gartner during the third quarter valued at approximately $25,000. Finally, Cornerstone Planning Group LLC bought a new position in Gartner during the second quarter valued at approximately $27,000. Institutional investors own 91.51% of the company’s stock.

Insider Activity at Gartner

In related news, EVP Claire Herkes sold 1,460 shares of the firm’s 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 completion of the transaction, the executive vice president now directly owns 2,842 shares of the company’s stock, valued at $1,352,109.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director James C. Smith sold 5,000 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $455.00, for a total transaction of $2,275,000.00. Following the completion of the transaction, the director now directly owns 638,235 shares of the company’s stock, valued at $290,396,925. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Claire Herkes sold 1,460 shares of the firm’s 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 transaction, the executive vice president now directly owns 2,842 shares of the company’s stock, valued at $1,352,109.92. The disclosure for this sale can be found here. Over 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 Performance

Shares of NYSE IT opened at $440.38 on Friday. The firm has a fifty day moving average price of $465.07 and a 200-day moving average price of $434.48. The company has a debt-to-equity ratio of 3.60, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a market cap of $34.34 billion, a PE ratio of 39.82, a price-to-earnings-growth ratio of 4.11 and a beta of 1.29. Gartner, Inc. has a 1 year low of $292.60 and a 1 year high of $486.54.

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

Analyst Ratings Changes

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

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.