Marks Group Wealth Management Inc Purchases 165 Shares of Gartner, Inc. (NYSE:IT)

Marks Group Wealth Management Inc raised its holdings in shares of Gartner, Inc. (NYSE:IT) by 2.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 6,486 shares of the information technology services provider’s stock after buying an additional 165 shares during the period. Marks Group Wealth Management Inc’s holdings in Gartner were worth $3,142,000 at the end of the most recent reporting period.

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

Gartner Trading Down 1.3 %

IT opened at $521.95 on Wednesday. The stock has a 50-day moving average of $510.29 and a 200 day moving average of $507.91. 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 12 month low of $411.15 and a 12 month high of $584.01. The firm has a market cap of $40.26 billion, a P/E ratio of 32.56, a P/E/G ratio of 3.50 and a beta of 1.34.

Gartner (NYSE:IT) last posted its quarterly earnings data on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.22 by $2.23. The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.69 billion. Gartner had a return on equity of 136.32% and a net margin of 20.00%. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period last year, the company earned $3.04 EPS. As a group, research analysts forecast that Gartner, Inc. will post 12.5 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on IT shares. Wells Fargo & Company cut their target price on shares of Gartner from $470.00 to $460.00 and set an “underweight” rating for the company in a research note on Friday, January 10th. Deutsche Bank Aktiengesellschaft raised their price objective on Gartner from $529.00 to $531.00 and gave the company a “hold” rating in a research report on Wednesday, November 6th. StockNews.com raised Gartner from a “hold” rating to a “buy” rating in a report on Wednesday. Robert W. Baird increased their price target on Gartner from $579.00 to $605.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. Finally, Barclays raised Gartner from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $525.00 to $600.00 in a research note on Friday, January 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $552.63.

Insider Activity

In other Gartner news, EVP William James Wartinbee III sold 189 shares of the company’s stock in a transaction on 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 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 legal filing with the SEC, which is available through this hyperlink. Also, Director James C. Smith sold 5,000 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $524.02, for a total value of $2,620,100.00. Following the completion of the sale, the director now owns 509,457 shares in the company, valued at approximately $266,965,657.14. The trade was a 0.97 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,600 shares of company stock valued at $2,933,279. 3.60% of the stock is currently owned by company insiders.

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.