Signaturefd LLC Raises Stake in Gartner, Inc. (NYSE:IT)

Signaturefd LLC grew its stake in shares of Gartner, Inc. (NYSE:IT) by 5.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,464 shares of the information technology services provider’s stock after acquiring an additional 82 shares during the period. Signaturefd LLC’s holdings in Gartner were worth $709,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Parallel Advisors LLC boosted its position in shares of Gartner by 2.9% during the 4th quarter. Parallel Advisors LLC now owns 737 shares of the information technology services provider’s stock worth $357,000 after purchasing an additional 21 shares in the last quarter. Cibc World Markets Corp raised its stake in shares of Gartner by 16.1% during the 4th quarter. Cibc World Markets Corp now owns 12,144 shares of the information technology services provider’s stock worth $5,883,000 after buying an additional 1,688 shares during the last quarter. Corient Private Wealth LLC raised its stake in shares of Gartner by 1.3% during the 4th quarter. Corient Private Wealth LLC now owns 121,736 shares of the information technology services provider’s stock worth $58,978,000 after buying an additional 1,559 shares during the last quarter. Natixis Advisors LLC raised its stake in shares of Gartner by 6.8% during the 4th quarter. Natixis Advisors LLC now owns 246,590 shares of the information technology services provider’s stock worth $119,465,000 after buying an additional 15,651 shares during the last quarter. Finally, Copperwynd Financial LLC raised its stake in shares of Gartner by 8.1% during the 4th quarter. Copperwynd Financial LLC now owns 2,063 shares of the information technology services provider’s stock worth $999,000 after buying an additional 155 shares during the last quarter. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Gartner Trading Up 0.2 %

Shares of IT stock opened at $448.70 on Thursday. The firm has a 50-day moving average price of $505.08 and a 200 day moving average price of $508.72. Gartner, Inc. has a twelve month low of $411.15 and a twelve month high of $584.01. The company has a market capitalization of $34.47 billion, a price-to-earnings 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 (NYSE:IT) last posted its quarterly earnings data on Tuesday, February 4th. The information technology services provider reported $5.45 EPS for the quarter, beating analysts’ consensus estimates of $3.22 by $2.23. Gartner had a net margin of 20.00% and a return on equity of 116.56%. The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter in the prior year, the company posted $3.04 EPS. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. Research analysts forecast that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Eileen Serra sold 1,200 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $489.77, for a total transaction of $587,724.00. Following the completion of the sale, the director now owns 1,627 shares in the company, valued at approximately $796,855.79. The trade was a 42.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP John J. Rinello sold 90 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $530.51, for a total value of $47,745.90. Following the sale, the senior vice president now 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 disclosure for this sale can be found here. Corporate insiders own 3.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on IT shares. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Gartner in a research note on Tuesday, February 4th. Wells Fargo & Company cut their price target on Gartner from $470.00 to $460.00 and set an “underweight” rating for the company in a research note on Friday, January 10th. Morgan Stanley cut their price target on Gartner from $564.00 to $555.00 and set an “equal weight” rating for the company in a research note on Thursday, January 16th. StockNews.com raised Gartner from a “hold” rating to a “buy” rating in a research note on Wednesday, March 5th. Finally, Barclays raised shares of Gartner from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $525.00 to $600.00 in a research note on Friday, January 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $552.63.

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.