Generali Asset Management SPA SGR Takes Position in Gartner, Inc. (NYSE:IT)

Generali Asset Management SPA SGR purchased a new stake in shares of Gartner, Inc. (NYSE:IT) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 3,292 shares of the information technology services provider’s stock, valued at approximately $1,595,000.

A number of other institutional investors have also recently made changes to their positions in the company. Howard Capital Management Inc. grew its holdings in shares of Gartner by 4.4% during the fourth quarter. Howard Capital Management Inc. now owns 452 shares of the information technology services provider’s stock valued at $219,000 after buying an additional 19 shares during the last quarter. Gilbert & Cook Inc. boosted its holdings in Gartner by 1.5% in the fourth quarter. Gilbert & Cook Inc. now owns 1,364 shares of the information technology services provider’s stock worth $661,000 after purchasing an additional 20 shares during the last quarter. Dorsey & Whitney Trust CO LLC boosted its holdings in Gartner by 2.5% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 826 shares of the information technology services provider’s stock worth $400,000 after purchasing an additional 20 shares during the last quarter. Parallel Advisors LLC boosted its holdings in Gartner by 2.9% in the fourth quarter. Parallel Advisors LLC now owns 737 shares of the information technology services provider’s stock worth $357,000 after purchasing an additional 21 shares during the last quarter. Finally, Harbor Capital Advisors Inc. boosted its holdings in Gartner by 2.5% in 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. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Analyst Ratings Changes

IT has been the topic of several research reports. Robert W. Baird raised their target price on shares of Gartner from $579.00 to $605.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Barclays upgraded shares of Gartner from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $525.00 to $600.00 in a report on Friday, January 10th. Morgan Stanley decreased 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. The Goldman Sachs Group reiterated a “buy” rating on shares of Gartner in a research report on Tuesday, February 4th. Finally, StockNews.com upgraded shares of Gartner from a “hold” rating to a “buy” rating in a research report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $552.63.

Insider Activity

In related news, SVP John J. Rinello sold 90 shares of the firm’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $530.51, for a total transaction of $47,745.90. Following the completion of the transaction, the senior vice president now directly owns 3,259 shares of the company’s stock, valued at approximately $1,728,932.09. This trade represents a 2.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Eileen Serra sold 1,200 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $489.77, for a total transaction of $587,724.00. Following the transaction, the director now directly owns 1,627 shares of the company’s stock, valued at $796,855.79. The trade was a 42.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.60% of the company’s stock.

Gartner Stock Down 7.0 %

Shares of IT stock opened at $417.75 on Friday. The company has a market capitalization of $32.09 billion, a price-to-earnings ratio of 26.06, a PEG ratio of 3.30 and a beta of 1.29. Gartner, Inc. has a one year low of $411.15 and a one year high of $584.01. The company’s fifty day moving average price is $503.55 and its 200-day moving average price is $508.09. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 1.06.

Gartner (NYSE:IT) last announced its quarterly earnings data on Tuesday, February 4th. The information technology services provider reported $5.45 EPS for the quarter, beating the consensus estimate of $3.22 by $2.23. The firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.69 billion. Gartner had a net margin of 20.00% and a return on equity of 116.56%. The company’s revenue was up 8.1% on a year-over-year basis. During the same period last year, the firm earned $3.04 EPS. Sell-side analysts expect that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

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.