SG Americas Securities LLC grew its stake in shares of Gartner Inc (NYSE:IT) by 526.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,772 shares of the information technology services provider’s stock after acquiring an additional 11,575 shares during the period. SG Americas Securities LLC’s holdings in Gartner were worth $1,696,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Advisory Services Network LLC raised its stake in Gartner by 466.7% in the second quarter. Advisory Services Network LLC now owns 969 shares of the information technology services provider’s stock worth $120,000 after buying an additional 798 shares in the last quarter. Advisors Asset Management Inc. raised its stake in Gartner by 52.4% in the third quarter. Advisors Asset Management Inc. now owns 1,468 shares of the information technology services provider’s stock worth $183,000 after buying an additional 505 shares in the last quarter. Fieldpoint Private Securities LLC bought a new position in Gartner in the third quarter worth approximately $185,000. Parkwood LLC bought a new position in Gartner in the third quarter worth approximately $201,000. Finally, Keybank National Association OH bought a new position in Gartner in the third quarter worth approximately $249,000. 95.73% of the stock is owned by institutional investors.

Gartner Inc (IT) opened at $114.26 on Friday. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 3.38. Gartner Inc has a 1-year low of $98.08 and a 1-year high of $142.16. The stock has a market cap of $10,828.26, a price-to-earnings ratio of 36.20, a price-to-earnings-growth ratio of 1.83 and a beta of 1.06.

Gartner (NYSE:IT) last released its quarterly earnings results on Tuesday, February 6th. The information technology services provider reported $1.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.32 by ($0.15). Gartner had a return on equity of 49.06% and a net margin of 0.10%. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1 billion. During the same period in the prior year, the firm posted $0.97 earnings per share. Gartner’s revenue for the quarter was up 44.3% compared to the same quarter last year. sell-side analysts anticipate that Gartner Inc will post 3.95 EPS for the current fiscal year.

A number of equities analysts recently commented on IT shares. Zacks Investment Research downgraded shares of Gartner from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Morgan Stanley boosted their price objective on shares of Gartner from $118.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Monday, October 23rd. Royal Bank of Canada reissued a “buy” rating and issued a $143.00 price objective on shares of Gartner in a research note on Friday, November 3rd. Piper Jaffray Companies reissued a “hold” rating and issued a $104.00 price objective on shares of Gartner in a research note on Friday, November 3rd. Finally, BMO Capital Markets reissued a “buy” rating and issued a $137.00 price objective on shares of Gartner in a research note on Friday, October 13th. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $134.30.

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Gartner Profile

Gartner, Inc is an information technology research and advisory company. The Company works with clients to research, analyze and interpret the business of information technology (IT), supply chain and marketing within the context of their individual roles. It operates in three segments: Research, Consulting and Events.

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Institutional Ownership by Quarter for Gartner (NYSE:IT)

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