Gartner, Inc. (NYSE:IT) Shares Bought by United Capital Financial Advisors LLC

United Capital Financial Advisors LLC grew its stake in Gartner, Inc. (NYSE:IT) by 0.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,065 shares of the information technology services provider’s stock after purchasing an additional 32 shares during the quarter. United Capital Financial Advisors LLC’s holdings in Gartner were worth $8,752,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of IT. Norges Bank bought a new position in Gartner during the 4th quarter worth approximately $460,541,000. Madison Investment Advisors LLC bought a new position in Gartner during the fourth quarter worth $244,799,000. Raymond James Financial Inc. acquired a new position in Gartner in the fourth quarter worth $165,476,000. FMR LLC increased its stake in Gartner by 8.6% during the fourth quarter. FMR LLC now owns 2,822,122 shares of the information technology services provider’s stock valued at $1,367,233,000 after purchasing an additional 223,087 shares during the last quarter. Finally, Fisher Funds Management LTD acquired a new stake in shares of Gartner during the fourth quarter worth $97,518,000. Institutional investors own 91.51% of the company’s stock.

Insider Transactions at Gartner

In related news, 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 in the company, valued at $1,728,932.09. This represents a 2.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Eileen Serra sold 1,200 shares of the firm’s stock in a transaction 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 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 disclosure for this sale can be found here. 3.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on IT. Morgan Stanley cut their target price on shares of Gartner from $564.00 to $555.00 and set an “equal weight” rating on the stock in a report on Thursday, January 16th. UBS Group reduced their price objective on Gartner from $565.00 to $500.00 and set a “buy” rating for the company in a research report on Tuesday, March 25th. StockNews.com downgraded Gartner from a “buy” rating to a “hold” rating in a research note on Friday, March 21st. Robert W. Baird cut their target price on Gartner from $605.00 to $557.00 and set an “outperform” rating on the stock in a research note on Friday, March 21st. Finally, Barclays lowered their price target on shares of Gartner from $600.00 to $510.00 and set an “overweight” rating for the company in a research report on Friday, April 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $518.00.

Gartner Trading Down 1.1 %

NYSE IT opened at $403.50 on Wednesday. The company has a market capitalization of $31.00 billion, a PE ratio of 25.17, a price-to-earnings-growth ratio of 3.30 and a beta of 1.26. Gartner, Inc. has a 1-year low of $366.05 and a 1-year high of $584.01. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.81. The firm’s fifty day simple moving average is $456.10 and its 200-day simple moving average is $494.86.

Gartner (NYSE:IT) last posted its earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 EPS for the quarter, topping the consensus estimate of $3.22 by $2.23. The company 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 company’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 firm posted $3.04 earnings per share. As a group, sell-side analysts anticipate that Gartner, Inc. will post 12.5 earnings per share for the current fiscal 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.