Panoramic Capital Partners LLC Invests $203,000 in Gartner, Inc. (NYSE:IT)

Panoramic Capital Partners LLC purchased a new stake in shares of Gartner, Inc. (NYSE:IT) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 418 shares of the information technology services provider’s stock, valued at approximately $203,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Czech National Bank grew its stake in shares of Gartner by 6.5% during the fourth quarter. Czech National Bank now owns 16,725 shares of the information technology services provider’s stock worth $8,103,000 after buying an additional 1,028 shares during the last quarter. Assetmark Inc. grew its position in Gartner by 70.0% during the 3rd quarter. Assetmark Inc. now owns 5,144 shares of the information technology services provider’s stock worth $2,607,000 after acquiring an additional 2,118 shares during the last quarter. ING Groep NV increased its holdings in Gartner by 38.4% in the 3rd quarter. ING Groep NV now owns 10,306 shares of the information technology services provider’s stock worth $5,223,000 after purchasing an additional 2,860 shares in the last quarter. Conestoga Capital Advisors LLC raised its position in Gartner by 1.5% in the fourth quarter. Conestoga Capital Advisors LLC now owns 31,626 shares of the information technology services provider’s stock valued at $15,322,000 after purchasing an additional 480 shares during the last quarter. Finally, Barclays PLC boosted its stake in shares of Gartner by 8.6% during the third quarter. Barclays PLC now owns 166,787 shares of the information technology services provider’s stock valued at $84,520,000 after purchasing an additional 13,205 shares in the last quarter. 91.51% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on IT. Barclays raised Gartner from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $525.00 to $600.00 in a research note on Friday, January 10th. Wells Fargo & Company dropped their price target 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. Morgan Stanley reduced their price objective on shares of Gartner from $564.00 to $555.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 16th. Deutsche Bank Aktiengesellschaft raised their target price on Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. Finally, StockNews.com lowered Gartner from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $552.63.

Gartner Stock Performance

Shares of Gartner stock opened at $528.74 on Tuesday. The company has a market cap of $40.78 billion, a P/E ratio of 32.98, a PEG ratio of 3.50 and a beta of 1.34. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. The business has a 50-day moving average price of $510.16 and a two-hundred day moving average price of $507.55. Gartner, Inc. has a 1-year low of $411.15 and a 1-year high of $584.01.

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

Insider Buying and Selling at Gartner

In other Gartner news, Director James C. Smith sold 5,000 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $524.02, for a total transaction of $2,620,100.00. Following the transaction, the director now owns 509,457 shares in the company, valued at approximately $266,965,657.14. This represents a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP William James Wartinbee III sold 189 shares of Gartner stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $523.54, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,600 shares of company stock valued at $2,933,279. Corporate insiders own 3.60% of the company’s stock.

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.