Zurcher Kantonalbank Zurich Cantonalbank Purchases 24,912 Shares of Gartner, Inc. (NYSE:IT)

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Gartner, Inc. (NYSE:IT) by 185.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 38,369 shares of the information technology services provider’s stock after buying an additional 24,912 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Gartner were worth $17,309,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fox Run Management L.L.C. bought a new stake in Gartner during the 3rd quarter valued at $230,000. RFG Advisory LLC raised its holdings in Gartner by 37.2% during the 4th quarter. RFG Advisory LLC now owns 1,589 shares of the information technology services provider’s stock valued at $717,000 after buying an additional 431 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in Gartner by 169.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 37,708 shares of the information technology services provider’s stock valued at $17,010,000 after buying an additional 23,701 shares during the last quarter. Chapin Davis Inc. bought a new stake in Gartner during the 4th quarter valued at $960,000. Finally, Stifel Financial Corp raised its holdings in Gartner by 32.6% during the 3rd quarter. Stifel Financial Corp now owns 33,817 shares of the information technology services provider’s stock valued at $11,620,000 after buying an additional 8,319 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors.

Insider Transactions at Gartner

In other news, EVP Claire Herkes sold 1,460 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $475.76, for a total value of $694,609.60. Following the sale, the executive vice president now directly owns 2,842 shares of the company’s stock, valued at approximately $1,352,109.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director James C. Smith sold 10,000 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $459.68, for a total transaction of $4,596,800.00. Following the sale, the director now directly owns 623,235 shares of the company’s stock, valued at approximately $286,488,664.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Claire Herkes sold 1,460 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $475.76, for a total transaction of $694,609.60. Following 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 have sold 22,952 shares of company stock valued at $10,598,070 in the last three months. 3.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on IT. BMO Capital Markets upped their price objective on shares of Gartner from $444.00 to $450.00 and gave the stock a “market perform” rating in a report on Thursday, February 8th. Morgan Stanley upped their price objective on shares of Gartner from $421.00 to $446.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 6th. Deutsche Bank Aktiengesellschaft began coverage on shares of Gartner in a report on Tuesday. They issued a “hold” rating and a $507.00 price objective 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, UBS Group upgraded shares of Gartner from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $484.00 to $550.00 in a report on Thursday, April 11th. 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, the stock presently has a consensus rating of “Hold” and a consensus price target of $477.60.

Gartner Stock Up 0.1 %

NYSE:IT opened at $449.61 on Friday. The firm’s 50-day moving average price is $465.53 and its 200-day moving average price is $433.82. The company has a market capitalization of $35.06 billion, a PE ratio of 40.65, a P/E/G ratio of 4.10 and a beta of 1.29. The company has a debt-to-equity ratio of 3.60, a current ratio of 0.91 and a quick ratio of 0.91. Gartner, Inc. has a 1-year low of $292.60 and a 1-year high of $486.54.

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