Stevens Capital Management LP Takes Position in Gartner, Inc. (NYSE:IT)

Stevens Capital Management LP acquired a new stake in Gartner, Inc. (NYSE:IT) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,174 shares of the information technology services provider’s stock, valued at approximately $530,000.

Other large investors have also recently made changes to their positions in the company. Global Retirement Partners LLC raised its position in Gartner by 204.4% during the third quarter. Global Retirement Partners LLC now owns 137 shares of the information technology services provider’s stock worth $48,000 after acquiring an additional 92 shares during the period. Flagship Harbor Advisors LLC acquired a new position in Gartner during the third quarter worth $212,000. Private Trust Co. NA raised its position in Gartner by 32.9% during the third quarter. Private Trust Co. NA now owns 202 shares of the information technology services provider’s stock worth $69,000 after acquiring an additional 50 shares during the period. Czech National Bank raised its position in Gartner by 47.3% during the third quarter. Czech National Bank now owns 13,777 shares of the information technology services provider’s stock worth $4,734,000 after acquiring an additional 4,421 shares during the period. Finally, Asset Management One Co. Ltd. raised its position in Gartner by 0.5% during the third quarter. Asset Management One Co. Ltd. now owns 89,366 shares of the information technology services provider’s stock worth $30,768,000 after acquiring an additional 410 shares during the period. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Gartner

In other news, EVP Valentin Sribar sold 682 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $453.00, for a total transaction of $308,946.00. Following the completion of the transaction, the executive vice president now directly owns 12,269 shares in the company, valued at approximately $5,557,857. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Gartner news, EVP Valentin Sribar sold 682 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $453.00, for a total value of $308,946.00. Following the sale, the executive vice president now directly owns 12,269 shares of the company’s stock, valued at $5,557,857. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Yvonne Genovese sold 560 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $457.37, for a total value of $256,127.20. Following the completion of the transaction, the executive vice president now directly owns 2,398 shares of the company’s stock, valued at approximately $1,096,773.26. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,952 shares of company stock worth $10,598,070. 3.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on IT. UBS Group upgraded shares of Gartner from a “neutral” rating to a “buy” rating and increased their target price for the company from $484.00 to $550.00 in a research report on Thursday, April 11th. Morgan Stanley increased their target price on shares of Gartner from $421.00 to $446.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 6th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Gartner in a research report on Tuesday, April 16th. They issued a “hold” rating and a $507.00 target price for the company. StockNews.com lowered shares of Gartner from a “buy” rating to a “hold” rating in a report on Saturday, February 10th. Finally, BMO Capital Markets upped their price objective on shares of Gartner from $444.00 to $450.00 and gave the company a “market perform” rating in a report on Thursday, February 8th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Gartner currently has an average rating of “Hold” and a consensus price target of $477.60.

Gartner Stock Performance

NYSE:IT traded down $4.75 during midday trading on Thursday, reaching $446.31. The stock had a trading volume of 362,984 shares, compared to its average volume of 387,396. The firm has a fifty day simple moving average of $465.01 and a two-hundred day simple moving average of $437.16. Gartner, Inc. has a 12-month low of $292.60 and a 12-month high of $486.54. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 3.60. The stock has a market cap of $34.80 billion, a P/E ratio of 40.55, a P/E/G ratio of 4.13 and a beta of 1.29.

Gartner (NYSE:IT) last released its quarterly earnings results on Tuesday, February 6th. The information technology services provider reported $3.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.83 by $0.21. Gartner had a return on equity of 156.35% and a net margin of 14.94%. The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter in the previous year, the company posted $3.70 EPS. The business’s revenue was up 6.3% on a year-over-year basis. On average, equities analysts expect that Gartner, Inc. will post 11.3 EPS for the current year.

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.