Wedbush Securities Inc. bought a new stake in shares of Gartner, Inc. (NYSE:IT – Get Rating) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 678 shares of the information technology services provider’s stock, valued at approximately $228,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. HighTower Trust Company N.A. raised its holdings in Gartner by 8.0% during the fourth quarter. HighTower Trust Company N.A. now owns 7,211 shares of the information technology services provider’s stock worth $2,400,000 after purchasing an additional 533 shares in the last quarter. Berger Financial Group Inc raised its stake in shares of Gartner by 1.3% in the 4th quarter. Berger Financial Group Inc now owns 17,011 shares of the information technology services provider’s stock worth $5,718,000 after buying an additional 217 shares in the last quarter. Progressive Investment Management Corp lifted its holdings in shares of Gartner by 0.9% in the fourth quarter. Progressive Investment Management Corp now owns 32,340 shares of the information technology services provider’s stock valued at $10,871,000 after buying an additional 298 shares during the period. Highview Capital Management LLC DE acquired a new stake in shares of Gartner in the fourth quarter valued at $1,073,000. Finally, Signaturefd LLC boosted its stake in Gartner by 7.9% during the fourth quarter. Signaturefd LLC now owns 1,149 shares of the information technology services provider’s stock valued at $386,000 after buying an additional 84 shares in the last quarter. 91.86% of the stock is currently owned by institutional investors.
Insider Transactions at Gartner
In other Gartner news, EVP Yvonne Genovese sold 874 shares of Gartner stock in a transaction on Friday, March 3rd. The shares were sold at an average price of $334.18, for a total transaction of $292,073.32. Following the completion of the sale, the executive vice president now owns 2,568 shares of the company’s stock, valued at approximately $858,174.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Gartner news, EVP Yvonne Genovese sold 874 shares of the company’s stock in a transaction dated Friday, March 3rd. The stock was sold at an average price of $334.18, for a total value of $292,073.32. Following the transaction, the executive vice president now directly owns 2,568 shares of the company’s stock, valued at approximately $858,174.24. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Valentin Sribar sold 348 shares of the firm’s stock in a transaction dated Tuesday, March 14th. The stock was sold at an average price of $322.61, for a total value of $112,268.28. Following the sale, the executive vice president now directly owns 12,189 shares of the company’s stock, valued at $3,932,293.29. The disclosure for this sale can be found here. Insiders sold 43,031 shares of company stock valued at $15,047,172 over the last three months. 3.70% of the stock is owned by corporate insiders.
Analyst Ratings Changes
Gartner Trading Down 0.6 %
NYSE IT opened at $317.75 on Wednesday. The firm’s 50 day moving average price is $325.39 and its two-hundred day moving average price is $326.25. The stock has a market cap of $25.12 billion, a price-to-earnings ratio of 31.81, a PEG ratio of 5.10 and a beta of 1.28. Gartner, Inc. has a twelve month low of $221.39 and a twelve month high of $358.25. The company has a debt-to-equity ratio of 10.77, a quick ratio of 0.77 and a current ratio of 0.77.
Gartner (NYSE:IT – Get Rating) last issued its quarterly earnings results on Tuesday, February 7th. The information technology services provider reported $3.70 earnings per share for the quarter, beating analysts’ consensus estimates of $2.57 by $1.13. The business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.45 billion. Gartner had a return on equity of 2,645.96% and a net margin of 14.75%. Gartner’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.99 earnings per share. Equities analysts anticipate that Gartner, Inc. will post 9.49 EPS for the current year.
Gartner Profile
Gartner, Inc is a research and advisory company, which equips business leaders with insights, advice, and tools that help build organizations. It operates through the following segments: Research, Consulting, and Conferences. The Research segment provides executives with objective insights and advice through reports, briefings, proprietary tools, access to the firm’s research experts, peer networking services, and membership programs.
Read More
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