Crown Oak Advisors LLC Has $10.49 Million Holdings in Gartner, Inc. (NYSE:IT)

Crown Oak Advisors LLC grew its holdings in shares of Gartner, Inc. (NYSE:IT) by 10.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 21,648 shares of the information technology services provider’s stock after purchasing an additional 1,976 shares during the quarter. Gartner accounts for 5.4% of Crown Oak Advisors LLC’s investment portfolio, making the stock its 6th biggest position. Crown Oak Advisors LLC’s holdings in Gartner were worth $10,488,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in IT. Assenagon Asset Management S.A. increased its stake in Gartner by 208.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 272,267 shares of the information technology services provider’s stock valued at $131,905,000 after buying an additional 183,974 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of Gartner during the third quarter valued at approximately $70,955,000. Principal Financial Group Inc. raised its holdings in Gartner by 5.5% during the third quarter. Principal Financial Group Inc. now owns 2,001,142 shares of the information technology services provider’s stock worth $1,014,099,000 after purchasing an additional 103,814 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Gartner in the third quarter worth approximately $36,789,000. Finally, JPMorgan Chase & Co. boosted its stake in Gartner by 7.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,036,530 shares of the information technology services provider’s stock valued at $525,272,000 after purchasing an additional 70,236 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Gartner news, EVP William James Wartinbee III sold 189 shares of the company’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $523.54, for a total value of $98,949.06. Following the transaction, the executive vice president now directly owns 7,311 shares of the company’s stock, valued at $3,827,600.94. This represents a 2.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Claire Herkes sold 411 shares of Gartner stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $521.24, for a total value of $214,229.64. Following the sale, the executive vice president now owns 1,494 shares of the company’s stock, valued at approximately $778,732.56. This represents a 21.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 35,583 shares of company stock worth $19,241,974 in the last quarter. 3.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on IT shares. StockNews.com cut shares of Gartner from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Wells Fargo & Company dropped their price target on Gartner from $470.00 to $460.00 and set an “underweight” rating on the stock in a report on Friday, January 10th. Robert W. Baird lifted their target price on Gartner from $565.00 to $590.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft upped their target price on Gartner from $529.00 to $531.00 and gave the company a “hold” rating in a report on Wednesday, November 6th. Finally, Barclays raised Gartner from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $525.00 to $600.00 in a research note on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $550.75.

Gartner Stock Down 0.2 %

NYSE:IT opened at $523.63 on Friday. The business’s fifty day moving average price is $505.78 and its 200 day moving average price is $499.91. The firm has a market capitalization of $40.39 billion, a price-to-earnings ratio of 38.62, a PEG ratio of 2.92 and a beta of 1.33. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. Gartner, Inc. has a 1-year low of $411.15 and a 1-year high of $559.00.

Gartner (NYSE:IT) last issued its earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share for the quarter, beating analysts’ consensus estimates of $2.45 by $0.05. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.48 billion. Gartner had a return on equity of 118.27% and a net margin of 17.33%. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.56 EPS. On average, sell-side analysts forecast that Gartner, Inc. will post 11.87 earnings per share for the current fiscal year.

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.