Gartner, Inc. (NYSE:IT) Shares Acquired by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. grew its stake in shares of Gartner, Inc. (NYSE:IT) by 28.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,398 shares of the information technology services provider’s stock after acquiring an additional 312 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Gartner were worth $631,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in IT. BKM Wealth Management LLC acquired a new stake in shares of Gartner in the fourth quarter worth $26,000. AdvisorNet Financial Inc raised its position in Gartner by 59.5% during the fourth quarter. AdvisorNet Financial Inc now owns 67 shares of the information technology services provider’s stock valued at $30,000 after acquiring an additional 25 shares in the last quarter. OFI Invest Asset Management acquired a new position in Gartner in the third quarter valued at approximately $25,000. Cornerstone Planning Group LLC purchased a new stake in Gartner in the 2nd quarter worth approximately $27,000. Finally, Fortitude Family Office LLC acquired a new stake in Gartner during the fourth quarter valued at $38,000. 91.51% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Gartner

In other news, Director James C. Smith sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $459.68, for a total value of $4,596,800.00. Following the completion of the transaction, the director now owns 623,235 shares of the company’s stock, valued at $286,488,664.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Gartner news, Director James C. Smith sold 10,000 shares of the stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $459.68, for a total value of $4,596,800.00. Following the sale, the director now owns 623,235 shares of the company’s stock, valued at approximately $286,488,664.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Akhil Jain sold 250 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $464.55, for a total transaction of $116,137.50. Following the sale, the executive vice president now owns 5,239 shares in the company, valued at $2,433,777.45. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,952 shares of company stock worth $10,598,070. 3.90% of the stock is currently owned by company insiders.

Gartner Stock Performance

NYSE IT opened at $465.45 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 3.60. The stock has a market cap of $36.29 billion, a PE ratio of 42.08, a P/E/G ratio of 4.24 and a beta of 1.29. The stock has a fifty day simple moving average of $465.86 and a 200-day simple moving average of $430.82. Gartner, Inc. has a twelve month low of $292.60 and a twelve month high of $486.54.

Gartner (NYSE:IT) last announced its earnings results on Tuesday, February 6th. The information technology services provider reported $3.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.83 by $0.21. Gartner had a return on equity of 156.35% and a net margin of 14.94%. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.59 billion. During the same quarter in the previous year, the company earned $3.70 earnings per share. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. Equities analysts anticipate that Gartner, Inc. will post 11.36 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. StockNews.com lowered Gartner from a “buy” rating to a “hold” rating in a report on Saturday, February 10th. Wells Fargo & Company boosted their target price on Gartner from $380.00 to $435.00 and gave the stock an “overweight” rating in a report on Friday, December 15th. Morgan Stanley upped their target price on Gartner from $421.00 to $446.00 and gave the company an “equal weight” rating in a report on Tuesday, February 6th. BMO Capital Markets lifted their price target on Gartner from $444.00 to $450.00 and gave the stock a “market perform” rating in a report on Thursday, February 8th. Finally, UBS Group raised shares of Gartner from a “neutral” rating to a “buy” rating and upped their price objective for the company from $484.00 to $550.00 in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Gartner currently has a consensus rating of “Hold” and an average target price of $470.25.

Gartner Company 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.