Gartner, Inc. (NYSE:IT) Shares Acquired by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lifted its position in shares of Gartner, Inc. (NYSE:IT) by 8.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,162 shares of the information technology services provider’s stock after buying an additional 583 shares during the period. Daiwa Securities Group Inc.’s holdings in Gartner were worth $3,231,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. BKM Wealth Management LLC acquired a new stake in Gartner in the 4th quarter valued at $26,000. AdvisorNet Financial Inc increased its holdings in Gartner by 59.5% in the 4th quarter. AdvisorNet Financial Inc now owns 67 shares of the information technology services provider’s stock valued at $30,000 after purchasing an additional 25 shares in the last quarter. Harbor Investment Advisory LLC increased its holdings in Gartner by 7,500.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 76 shares of the information technology services provider’s stock valued at $34,000 after purchasing an additional 75 shares in the last quarter. OFI Invest Asset Management acquired a new stake in Gartner in the 3rd quarter valued at $25,000. Finally, Cornerstone Planning Group LLC acquired a new stake in Gartner in the 2nd quarter valued at $27,000. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Gartner Price Performance

IT opened at $440.38 on Friday. The company’s 50-day moving average price is $465.07 and its 200 day moving average price is $435.13. Gartner, Inc. has a fifty-two week low of $292.60 and a fifty-two week high of $486.54. The firm has a market cap of $34.34 billion, a price-to-earnings ratio of 39.82, a price-to-earnings-growth ratio of 4.11 and a beta of 1.29. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 3.60.

Gartner (NYSE:IT) last posted its quarterly earnings data on Tuesday, February 6th. The information technology services provider reported $3.04 EPS for the quarter, beating analysts’ consensus estimates of $2.83 by $0.21. Gartner had a net margin of 14.94% and a return on equity of 156.35%. The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.59 billion. During the same quarter last year, the business earned $3.70 earnings per share. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. As a group, sell-side analysts expect that Gartner, Inc. will post 11.36 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Valentin Sribar sold 682 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $453.00, for a total value of $308,946.00. Following the completion of the transaction, the executive vice president now owns 12,269 shares of the company’s stock, valued at approximately $5,557,857. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Valentin Sribar sold 682 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $453.00, for a total transaction of $308,946.00. Following the transaction, the executive vice president now owns 12,269 shares in the company, valued at approximately $5,557,857. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Claire Herkes sold 1,460 shares of the firm’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 transaction, the executive vice president now owns 2,842 shares in the company, valued at approximately $1,352,109.92. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,952 shares of company stock valued at $10,598,070. Company insiders own 3.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on IT. Deutsche Bank Aktiengesellschaft began coverage on Gartner in a report on Tuesday, April 16th. They issued a “hold” rating and a $507.00 price target for the company. 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 research report on Thursday, February 8th. 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 research report on Thursday, April 11th. Morgan Stanley upped their price objective 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. Finally, StockNews.com cut shares of Gartner from a “buy” rating to a “hold” rating in a research report on Saturday, February 10th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $477.60.

Gartner 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.