Stonebrook Private Inc. Takes Position in Gartner, Inc. (NYSE:IT)

Stonebrook Private Inc. acquired a new position in shares of Gartner, Inc. (NYSE:IT) during the 4th quarter, Holdings Channel.com reports. The firm acquired 495 shares of the information technology services provider’s stock, valued at approximately $223,000.

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

Gartner Stock Performance

Shares of IT opened at $448.65 on Tuesday. The company has a debt-to-equity ratio of 3.60, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a 50-day moving average of $464.87 and a two-hundred day moving average of $439.64. The stock has a market cap of $34.98 billion, a P/E ratio of 40.57, a P/E/G ratio of 4.12 and a beta of 1.29. Gartner, Inc. has a one year low of $295.43 and a one year high of $486.54.

Gartner (NYSE:IT) last released its earnings results on Tuesday, February 6th. The information technology services provider reported $3.04 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 the consensus estimate of $1.59 billion. Gartner had a return on equity of 156.35% and a net margin of 14.94%. The company’s revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.70 earnings per share. As a group, research analysts predict that Gartner, Inc. will post 11.29 EPS for the current year.

Insider Activity at Gartner

In other news, EVP Claire Herkes sold 1,460 shares of the company’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $475.76, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Claire Herkes sold 1,460 shares of Gartner stock in a transaction that occurred 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 approximately $1,352,109.92. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director James C. Smith sold 5,000 shares of the business’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $470.09, for a total transaction of $2,350,450.00. Following the completion of the transaction, the director now owns 618,235 shares of the company’s stock, valued at $290,626,091.15. The disclosure for this sale can be found here. Insiders sold 22,952 shares of company stock worth $10,598,070 over the last three months. Company insiders own 3.60% of the company’s stock.

Analysts Set New Price Targets

IT has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft began coverage on shares of Gartner in a report on Tuesday, April 16th. They issued a “hold” rating and a $507.00 price target on the stock. UBS Group raised shares of Gartner from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $484.00 to $550.00 in a report on Thursday, April 11th. Morgan Stanley increased their price objective on Gartner from $421.00 to $446.00 and gave the company an “equal weight” rating in a report on Tuesday, February 6th. StockNews.com downgraded Gartner from a “buy” rating to a “hold” rating in a research note on Saturday, February 10th. Finally, BMO Capital Markets increased their price target on Gartner from $444.00 to $450.00 and gave the company a “market perform” rating in a research note on Thursday, February 8th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $477.60.

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.