Cibc World Markets Corp Buys 1,688 Shares of Gartner, Inc. (NYSE:IT)

Cibc World Markets Corp increased its holdings in shares of Gartner, Inc. (NYSE:IT) by 16.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,144 shares of the information technology services provider’s stock after purchasing an additional 1,688 shares during the quarter. Cibc World Markets Corp’s holdings in Gartner were worth $5,883,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in IT. Madison Investment Advisors LLC acquired a new position in Gartner during the fourth quarter worth $244,799,000. Raymond James Financial Inc. acquired a new position in Gartner during the fourth quarter worth $165,476,000. Fisher Funds Management LTD acquired a new position in Gartner during the fourth quarter worth $97,518,000. Proficio Capital Partners LLC acquired a new position in Gartner during the fourth quarter worth $95,762,000. Finally, Assenagon Asset Management S.A. boosted its holdings in 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 purchasing an additional 183,974 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insider Activity at Gartner

In other Gartner news, SVP John J. Rinello sold 90 shares of the business’s 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 sale, the senior vice president now directly owns 3,259 shares of the company’s stock, valued at $1,728,932.09. The trade was a 2.69 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Eileen Serra sold 1,200 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was 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 $796,855.79. The trade was a 42.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by insiders.

Gartner Price Performance

Shares of NYSE:IT opened at $448.70 on Thursday. The firm has a 50 day moving average of $505.08 and a 200-day moving average of $508.72. The stock has a market capitalization of $34.47 billion, a PE ratio of 27.99, a PEG ratio of 3.30 and a beta of 1.29. 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 issued its 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 company had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.69 billion. Gartner had a net margin of 20.00% and a return on equity of 116.56%. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the previous year, the company earned $3.04 EPS. On average, equities research analysts predict that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on the stock. Robert W. Baird increased their price target on shares of Gartner from $579.00 to $605.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. 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 reaffirmed a “buy” rating on shares of Gartner in a report on Tuesday, February 4th. Barclays upgraded shares of Gartner from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $525.00 to $600.00 in a research note on Friday, January 10th. Finally, StockNews.com upgraded shares of Gartner from a “hold” rating to a “buy” rating in a research note on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Gartner presently has a consensus rating of “Moderate Buy” and a consensus target price of $552.63.

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.