Kestra Investment Management LLC Purchases New Shares in Gartner, Inc. (NYSE:IT)

Kestra Investment Management 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 60 shares of the information technology services provider’s stock, valued at approximately $29,000.

Other institutional investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. boosted its stake in shares of Gartner by 208.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 272,267 shares of the information technology services provider’s stock worth $131,905,000 after buying an additional 183,974 shares during the period. Point72 Asset Management L.P. acquired a new stake in Gartner during the 3rd quarter worth approximately $70,955,000. Principal Financial Group Inc. lifted its position in Gartner by 5.5% during the 3rd quarter. Principal Financial Group Inc. now owns 2,001,142 shares of the information technology services provider’s stock worth $1,014,099,000 after acquiring an additional 103,814 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Gartner in the 3rd quarter valued at approximately $36,789,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of Gartner by 7.3% in the third quarter. JPMorgan Chase & Co. now owns 1,036,530 shares of the information technology services provider’s stock valued at $525,272,000 after purchasing an additional 70,236 shares during the period. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Gartner

In related news, SVP John J. Rinello sold 90 shares of Gartner stock in a transaction that occurred on Monday, February 10th. The stock was 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 $1,728,932.09. The trade was a 2.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Claire Herkes sold 411 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $521.24, for a total value of $214,229.64. Following the completion of the sale, the executive vice president now directly owns 1,494 shares in the company, valued at approximately $778,732.56. The trade was a 21.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,690 shares of company stock valued at $2,981,025 in the last 90 days. 3.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on IT. Wells Fargo & Company decreased their price target on Gartner from $470.00 to $460.00 and set an “underweight” rating for the company in a report on Friday, January 10th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Gartner in a report on Tuesday, February 4th. Robert W. Baird boosted their price target on shares of Gartner from $579.00 to $605.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Barclays upgraded shares of Gartner from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $525.00 to $600.00 in a research report on Friday, January 10th. Finally, StockNews.com upgraded Gartner from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $552.63.

Gartner Trading Down 3.1 %

Shares of Gartner stock opened at $487.44 on Friday. The company has a 50-day moving average of $509.42 and a two-hundred day moving average of $509.30. The stock has a market cap of $37.44 billion, a PE ratio of 30.41, a price-to-earnings-growth ratio of 3.30 and a beta of 1.34. 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 $411.15 and a 12-month high of $584.01.

Gartner (NYSE:IT) last released its quarterly earnings data on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share for the quarter, beating the consensus estimate of $3.22 by $2.23. The firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.69 billion. Gartner had a return on equity of 116.56% and a net margin of 20.00%. Gartner’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period last year, the business posted $3.04 EPS. On average, research analysts anticipate that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

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.