SG Americas Securities LLC Boosts Holdings in Gartner, Inc. (NYSE:IT)

SG Americas Securities LLC lifted its holdings in shares of Gartner, Inc. (NYSE:IT) by 885.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 40,905 shares of the information technology services provider’s stock after purchasing an additional 36,756 shares during the period. SG Americas Securities LLC owned about 0.05% of Gartner worth $19,817,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in IT. Assenagon Asset Management S.A. grew its holdings in Gartner by 208.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 272,267 shares of the information technology services provider’s stock worth $131,905,000 after acquiring an additional 183,974 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Gartner in the third quarter worth about $70,955,000. Principal Financial Group Inc. increased 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 purchasing an additional 103,814 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Gartner during the 3rd quarter valued at approximately $36,789,000. Finally, JPMorgan Chase & Co. raised its position 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 during the last quarter. 91.51% of the stock is owned by institutional investors.

Gartner Stock Up 0.0 %

Shares of NYSE:IT opened at $524.80 on Thursday. Gartner, Inc. has a 12-month low of $411.15 and a 12-month high of $559.00. The stock has a market capitalization of $40.48 billion, a price-to-earnings ratio of 38.70, a PEG ratio of 2.92 and a beta of 1.33. The stock has a fifty day simple moving average of $505.78 and a two-hundred day simple moving average of $499.91. 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 (NYSE:IT) last announced its quarterly earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.45 by $0.05. The company had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Gartner had a net margin of 17.33% and a return on equity of 118.27%. Gartner’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.56 EPS. On average, research analysts anticipate that Gartner, Inc. will post 11.87 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

IT has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft boosted their target price on Gartner from $529.00 to $531.00 and gave the company a “hold” rating in a research note on Wednesday, November 6th. Wells Fargo & Company decreased their price objective on shares of Gartner from $470.00 to $460.00 and set an “underweight” rating for the company in a report on Friday, January 10th. Morgan Stanley reduced their price target on shares of Gartner from $564.00 to $555.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 16th. Barclays upgraded shares of Gartner from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $525.00 to $600.00 in a report on Friday, January 10th. Finally, StockNews.com downgraded Gartner from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $550.75.

Insiders Place Their Bets

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