Andra AP fonden Has $60.80 Million Holdings in Gartner, Inc. (NYSE:IT)

Andra AP fonden grew its position in Gartner, Inc. (NYSE:IT) by 18.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 125,500 shares of the information technology services provider’s stock after purchasing an additional 19,900 shares during the period. Gartner makes up approximately 1.0% of Andra AP fonden’s holdings, making the stock its 10th biggest position. Andra AP fonden owned 0.16% of Gartner worth $60,801,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Kestra Investment Management LLC bought a new position in shares of Gartner in the fourth quarter valued at approximately $29,000. Ashton Thomas Securities LLC bought a new position in shares of Gartner in the third quarter valued at approximately $44,000. SBI Securities Co. Ltd. bought a new position in shares of Gartner in the fourth quarter valued at approximately $49,000. True Wealth Design LLC boosted its holdings in shares of Gartner by 2,350.0% in the third quarter. True Wealth Design LLC now owns 98 shares of the information technology services provider’s stock valued at $50,000 after acquiring an additional 94 shares in the last quarter. Finally, Promus Capital LLC bought a new position in shares of Gartner in the fourth quarter valued at approximately $57,000. Institutional investors own 91.51% of the company’s stock.

Insiders Place Their Bets

In other Gartner news, Director Eileen Serra sold 1,200 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $489.77, for a total value of $587,724.00. Following the completion of the sale, the director now owns 1,627 shares in the company, valued at $796,855.79. This represents a 42.45 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP John J. Rinello sold 90 shares of the 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 sale, the senior vice president now owns 3,259 shares of the company’s stock, 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 own 3.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Morgan Stanley decreased their price objective on shares of Gartner from $564.00 to $555.00 and set an “equal weight” rating for the company in a report on Thursday, January 16th. Barclays upgraded shares of Gartner from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $525.00 to $600.00 in a report on Friday, January 10th. Wells Fargo & Company reduced their target price on shares of 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 restated a “buy” rating on shares of Gartner in a report on Tuesday, February 4th. Finally, Robert W. Baird raised their target price on shares of Gartner from $579.00 to $605.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $552.63.

Gartner Stock Down 1.4 %

Shares of NYSE:IT opened at $483.64 on Friday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market cap of $37.15 billion, a PE ratio of 30.17, a price-to-earnings-growth ratio of 3.30 and a beta of 1.34. Gartner, Inc. has a 52 week low of $411.15 and a 52 week high of $584.01. The firm has a 50 day simple moving average of $510.05 and a 200 day simple moving average of $510.17.

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

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.