Stevens Capital Management LP Takes $530,000 Position in Gartner, Inc. (NYSE:IT)

Stevens Capital Management LP acquired a new stake in Gartner, Inc. (NYSE:IT) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 1,174 shares of the information technology services provider’s stock, valued at approximately $530,000.

A number of other institutional investors also recently modified their holdings of IT. OFI Invest Asset Management acquired a new position in shares of Gartner during the 3rd quarter valued at $25,000. BKM Wealth Management LLC bought a new stake in shares of Gartner in the 4th quarter worth $26,000. MCF Advisors LLC bought a new position in Gartner during the fourth quarter valued at about $27,000. VisionPoint Advisory Group LLC boosted its position in Gartner by 254.2% during the third quarter. VisionPoint Advisory Group LLC now owns 85 shares of the information technology services provider’s stock worth $29,000 after purchasing an additional 61 shares during the period. Finally, Cary Street Partners Investment Advisory LLC boosted its position in Gartner by 357.9% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 87 shares of the information technology services provider’s stock worth $30,000 after purchasing an additional 68 shares during the period. 91.51% of the stock is owned by institutional investors.

Gartner Stock Down 1.1 %

IT traded down $4.75 during trading on Thursday, hitting $446.31. 362,984 shares of the company’s stock traded hands, compared to its average volume of 387,396. 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 company’s 50 day simple moving average is $465.01 and its two-hundred day simple moving average is $437.16. Gartner, Inc. has a 12-month low of $292.60 and a 12-month high of $486.54. The stock has a market capitalization of $34.80 billion, a price-to-earnings ratio of 40.55, a PEG ratio of 4.13 and a beta of 1.29.

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, topping the consensus estimate of $2.83 by $0.21. Gartner had a return on equity of 156.35% and a net margin of 14.94%. The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.59 billion. During the same period in the prior year, the business posted $3.70 EPS. Gartner’s revenue was up 6.3% on a year-over-year basis. Analysts predict that Gartner, Inc. will post 11.3 earnings per share for the current fiscal year.

Insider Activity at Gartner

In other news, EVP Valentin Sribar sold 682 shares of Gartner stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 12,269 shares of the company’s stock, valued at $5,557,857. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Valentin Sribar sold 682 shares of Gartner stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 12,269 shares of the company’s stock, valued at $5,557,857. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Claire Herkes sold 1,460 shares of Gartner stock in a transaction that occurred 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 directly owns 2,842 shares in the company, valued at $1,352,109.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,952 shares of company stock valued at $10,598,070. Insiders own 3.60% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets increased their price target 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 lifted their price target on shares of Gartner from $421.00 to $446.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 6th. StockNews.com downgraded shares of Gartner from a “buy” rating to a “hold” rating in a research note on Saturday, February 10th. UBS Group raised shares of Gartner from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $484.00 to $550.00 in a research note on Thursday, April 11th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Gartner in a report on Tuesday, April 16th. They issued a “hold” rating and a $507.00 target price on the stock. Four 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.com, the company presently has a consensus rating of “Hold” and an average target price 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.