E. Ohman J or Asset Management AB Acquires 530 Shares of Gartner, Inc. (NYSE:IT)

E. Ohman J or Asset Management AB lifted its holdings in shares of Gartner, Inc. (NYSE:IT) by 18.0% during the 4th quarter, Holdings Channel reports. The firm owned 3,480 shares of the information technology services provider’s stock after purchasing an additional 530 shares during the period. E. Ohman J or Asset Management AB’s holdings in Gartner were worth $1,686,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Baron Wealth Management LLC raised its position in shares of Gartner by 4.1% in the 3rd quarter. Baron Wealth Management LLC now owns 481 shares of the information technology services provider’s stock valued at $244,000 after buying an additional 19 shares in the last quarter. Fortitude Family Office LLC increased its stake in Gartner by 23.8% in the third quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider’s stock valued at $53,000 after acquiring an additional 20 shares during the last quarter. Gilbert & Cook Inc. raised its position in Gartner by 1.5% during the fourth quarter. Gilbert & Cook Inc. now owns 1,364 shares of the information technology services provider’s stock valued at $661,000 after purchasing an additional 20 shares in the last quarter. Harbor Capital Advisors Inc. lifted its stake in Gartner by 2.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 917 shares of the information technology services provider’s stock worth $444,000 after purchasing an additional 22 shares during the last quarter. Finally, Trust Point Inc. boosted its holdings in shares of Gartner by 3.2% in the 3rd quarter. Trust Point Inc. now owns 746 shares of the information technology services provider’s stock valued at $378,000 after purchasing an additional 23 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

IT has been the topic of a number of research analyst reports. StockNews.com downgraded shares of Gartner from a “buy” rating to a “hold” rating in a research note on Tuesday. Wells Fargo & Company cut their target price on shares of Gartner from $470.00 to $460.00 and set an “underweight” rating on the stock in a research report on Friday, January 10th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a report on Wednesday, November 6th. Morgan Stanley cut their price objective on Gartner from $564.00 to $555.00 and set an “equal weight” rating on the stock in a report on Thursday, January 16th. Finally, Barclays raised Gartner from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $525.00 to $600.00 in a report on Friday, January 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Gartner has an average rating of “Hold” and an average price target of $550.75.

Insider Transactions at Gartner

In other Gartner news, Director James C. Smith sold 17,533 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $547.09, for a total transaction of $9,592,128.97. Following the sale, the director now owns 532,294 shares of the company’s stock, valued at approximately $291,212,724.46. This represents a 3.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP William James Wartinbee III sold 189 shares of Gartner 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 completion of the transaction, the executive vice president now directly owns 7,311 shares of the company’s stock, valued at approximately $3,827,600.94. This trade represents a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,583 shares of company stock worth $13,884,374 over the last three months. 3.60% of the stock is owned by company insiders.

Gartner Stock Performance

NYSE IT opened at $546.38 on Wednesday. The company has a market capitalization of $42.14 billion, a price-to-earnings ratio of 40.29, a PEG ratio of 3.37 and a beta of 1.34. Gartner, Inc. has a twelve month low of $411.15 and a twelve month high of $584.01. The stock has a fifty day simple moving average of $508.97 and a 200 day simple moving average of $505.61. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.31.

Gartner (NYSE:IT) last issued its quarterly earnings data on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.22 by $2.23. Gartner had a return on equity of 118.27% and a net margin of 17.33%. The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.69 billion. During the same period last year, the company earned $3.04 earnings per share. The firm’s revenue was up 8.1% compared to the same quarter last year. Sell-side analysts expect that Gartner, Inc. will post 11.87 EPS for the current 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.