736 Shares in Gartner, Inc. (NYSE:IT) Bought by Ethos Financial Group LLC

Ethos Financial Group LLC acquired a new stake in shares of Gartner, Inc. (NYSE:IT) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 736 shares of the information technology services provider’s stock, valued at approximately $332,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. OFI Invest Asset Management purchased a new stake in shares of Gartner during the third quarter valued at $25,000. BKM Wealth Management LLC purchased a new stake in Gartner in the 4th quarter valued at about $26,000. MCF Advisors LLC purchased a new position in shares of Gartner during the fourth quarter worth approximately $27,000. VisionPoint Advisory Group LLC raised its stake in shares of Gartner by 254.2% during the third quarter. VisionPoint Advisory Group LLC now owns 85 shares of the information technology services provider’s stock valued at $29,000 after acquiring an additional 61 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC boosted its holdings in shares of Gartner by 357.9% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 87 shares of the information technology services provider’s stock valued at $30,000 after purchasing an additional 68 shares during the period. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on IT shares. Robert W. Baird decreased their target price on Gartner from $536.00 to $517.00 and set an “outperform” rating for the company in a research report on Wednesday, May 1st. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Gartner in a research report on Tuesday, April 16th. They set a “hold” rating and a $507.00 target price on the stock. BMO Capital Markets lowered their price target on shares of Gartner from $450.00 to $432.00 and set a “market perform” rating for the company in a research report on Thursday, May 2nd. StockNews.com raised shares of Gartner from a “hold” rating to a “buy” rating in a report on Thursday, May 2nd. Finally, Morgan Stanley upped their target price on Gartner from $421.00 to $446.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 6th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $474.50.

Insider Buying and Selling

In related news, EVP Claire Herkes sold 1,460 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $475.76, for a total value of $694,609.60. Following the completion of the transaction, the executive vice president now owns 2,842 shares in the company, valued at approximately $1,352,109.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director James C. Smith sold 5,000 shares of the firm’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $470.09, for a total transaction of $2,350,450.00. Following the completion of the transaction, the director now owns 618,235 shares of the company’s stock, valued at $290,626,091.15. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Claire Herkes sold 1,460 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $475.76, for a total transaction of $694,609.60. Following the completion of the sale, the executive vice president now directly owns 2,842 shares in the company, valued at $1,352,109.92. The disclosure for this sale can be found here. Insiders sold 22,952 shares of company stock worth $10,598,070 in the last three months. Corporate insiders own 3.60% of the company’s stock.

Gartner Stock Up 0.6 %

IT traded up $2.48 during trading on Thursday, hitting $436.75. The stock had a trading volume of 355,621 shares, compared to its average volume of 407,849. The stock has a 50 day simple moving average of $460.34 and a two-hundred day simple moving average of $442.64. The company has a market capitalization of $34.05 billion, a PE ratio of 43.46, a PEG ratio of 3.44 and a beta of 1.32. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.91 and a current ratio of 0.91. Gartner, Inc. has a twelve month low of $302.74 and a twelve month high of $486.54.

Gartner (NYSE:IT) last announced its earnings results on Tuesday, April 30th. The information technology services provider reported $2.93 earnings per share for the quarter, topping the consensus estimate of $2.53 by $0.40. Gartner had a return on equity of 141.55% and a net margin of 13.35%. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the previous year, the business earned $2.88 EPS. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. On average, research analysts predict that Gartner, Inc. will post 11.55 earnings per share 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.