Three Seasons Wealth LLC Acquires New Shares in Gartner, Inc. (NYSE:IT)

Three Seasons Wealth LLC acquired a new position in Gartner, Inc. (NYSE:IT) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,509 shares of the information technology services provider’s stock, valued at approximately $731,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nebula Research & Development LLC boosted its position in shares of Gartner by 615.0% during the 4th quarter. Nebula Research & Development LLC now owns 5,627 shares of the information technology services provider’s stock worth $2,726,000 after purchasing an additional 4,840 shares during the period. Kovitz Investment Group Partners LLC purchased a new stake in shares of Gartner in the 4th quarter valued at $705,000. Sompo Asset Management Co. Ltd. raised its holdings in shares of Gartner by 1.7% in the 4th quarter. Sompo Asset Management Co. Ltd. now owns 1,210 shares of the information technology services provider’s stock valued at $586,000 after buying an additional 20 shares during the period. T. Rowe Price Investment Management Inc. acquired a new position in Gartner during the 4th quarter worth about $65,237,000. Finally, Hsbc Holdings PLC increased its stake in Gartner by 7.6% during the fourth quarter. Hsbc Holdings PLC now owns 311,800 shares of the information technology services provider’s stock worth $151,065,000 after purchasing an additional 21,990 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Gartner Stock Performance

Shares of Gartner stock opened at $418.12 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. Gartner, Inc. has a 52 week low of $366.05 and a 52 week high of $584.01. The firm’s 50 day moving average is $439.79 and its two-hundred day moving average is $489.91. The firm has a market capitalization of $32.12 billion, a P/E ratio of 26.08, a P/E/G ratio of 3.30 and a beta of 1.26.

Gartner (NYSE:IT) last announced its quarterly earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 EPS for the quarter, topping the consensus estimate of $3.22 by $2.23. The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.69 billion. Gartner had a net margin of 20.00% and a return on equity of 116.56%. Gartner’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period last year, the business earned $3.04 EPS. Research analysts forecast that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

IT has been the subject of several recent research reports. Wells Fargo & Company lowered their price objective on shares of Gartner from $488.00 to $401.00 and set an “underweight” rating for the company in a research note on Wednesday, April 9th. UBS Group cut their price objective on Gartner from $565.00 to $500.00 and set a “buy” rating on the stock in a research report on Tuesday, March 25th. Barclays decreased their target price on Gartner from $510.00 to $475.00 and set an “overweight” rating for the company in a report on Monday. StockNews.com downgraded Gartner from a “buy” rating to a “hold” rating in a report on Friday, March 21st. Finally, Robert W. Baird decreased their price objective on Gartner from $605.00 to $557.00 and set an “outperform” rating for the company in a research note on Friday, March 21st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $513.63.

Insider Transactions at Gartner

In other Gartner news, SVP John J. Rinello sold 90 shares of Gartner stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $530.51, for a total value of $47,745.90. Following the transaction, the senior vice president now directly owns 3,259 shares in the company, valued at approximately $1,728,932.09. This trade represents a 2.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Eileen Serra sold 1,200 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $489.77, for a total value of $587,724.00. Following the sale, the director now owns 1,627 shares of the company’s stock, valued at $796,855.79. This trade represents a 42.45 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.60% of the company’s stock.

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.