Gilbert & Cook Inc. Increases Stock Holdings in Gartner, Inc. (NYSE:IT)

Gilbert & Cook Inc. increased its holdings in shares of Gartner, Inc. (NYSE:ITFree Report) by 10.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,430 shares of the information technology services provider’s stock after buying an additional 137 shares during the quarter. Gilbert & Cook Inc.’s holdings in Gartner were worth $645,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Stonebrook Private Inc. acquired a new stake in Gartner during the 4th quarter worth about $223,000. Truist Financial Corp lifted its position in Gartner by 4.3% during the 4th quarter. Truist Financial Corp now owns 22,871 shares of the information technology services provider’s stock worth $10,317,000 after acquiring an additional 945 shares during the period. Motley Fool Asset Management LLC lifted its position in Gartner by 42.2% during the 4th quarter. Motley Fool Asset Management LLC now owns 2,360 shares of the information technology services provider’s stock worth $1,065,000 after acquiring an additional 700 shares during the period. Stevens Capital Management LP acquired a new stake in Gartner during the 4th quarter worth about $530,000. Finally, Syon Capital LLC lifted its position in Gartner by 6.1% during the 4th quarter. Syon Capital LLC now owns 933 shares of the information technology services provider’s stock worth $421,000 after acquiring an additional 54 shares during the period. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Gartner Stock Performance

NYSE IT opened at $419.67 on Monday. The stock has a market capitalization of $32.58 billion, a price-to-earnings ratio of 41.76, a PEG ratio of 3.67 and a beta of 1.32. Gartner, Inc. has a twelve month low of $323.61 and a twelve month high of $486.54. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 3.42. The stock has a 50-day moving average of $449.86 and a 200 day moving average of $451.38.

Gartner (NYSE:ITGet Free Report) last released its quarterly earnings results on Tuesday, April 30th. The information technology services provider reported $2.93 earnings per share for the quarter, topping analysts’ consensus estimates of $2.53 by $0.40. The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Gartner had a return on equity of 141.55% and a net margin of 13.35%. Gartner’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.88 EPS. Sell-side analysts anticipate that Gartner, Inc. will post 11.55 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on IT. Morgan Stanley lifted their price target on Gartner from $421.00 to $446.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 6th. Robert W. Baird decreased their price objective on Gartner from $536.00 to $517.00 and set an “outperform” rating for the company in a report on Wednesday, May 1st. Deutsche Bank Aktiengesellschaft initiated coverage on Gartner in a report on Tuesday, April 16th. They issued a “hold” rating and a $507.00 price objective for the company. BMO Capital Markets decreased their price objective on Gartner from $450.00 to $432.00 and set a “market perform” rating for the company in a report on Thursday, May 2nd. Finally, UBS Group decreased their price objective on Gartner from $550.00 to $510.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $474.50.

Check Out Our Latest Analysis on Gartner

Insiders Place Their Bets

In other Gartner news, Director James C. Smith sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $455.20, for a total transaction of $4,552,000.00. Following the completion of the sale, the director now directly owns 608,369 shares in the company, valued at approximately $276,929,568.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Gartner news, EVP Alwyn Dawkins sold 600 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $447.63, for a total transaction of $268,578.00. Following the completion of the sale, the executive vice president now directly owns 51,583 shares in the company, valued at approximately $23,090,098.29. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director James C. Smith sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $455.20, for a total value of $4,552,000.00. Following the sale, the director now owns 608,369 shares of the company’s stock, valued at $276,929,568.80. The disclosure for this sale can be found here. In the last three months, insiders sold 18,299 shares of company stock worth $8,429,535. Corporate insiders own 3.60% of the company’s stock.

About Gartner

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Gartner (NYSE:IT)

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