Tokio Marine Asset Management Co. Ltd. Acquires 35 Shares of Gartner, Inc. (NYSE:IT)

Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of Gartner, Inc. (NYSE:IT) by 1.5% in the fourth quarter, HoldingsChannel reports. The fund owned 2,308 shares of the information technology services provider’s stock after purchasing an additional 35 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Gartner were worth $1,118,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Western Financial Corp CA lifted its stake in shares of Gartner by 1.0% during the 4th quarter. Western Financial Corp CA now owns 2,259 shares of the information technology services provider’s stock valued at $1,094,000 after buying an additional 23 shares in the last quarter. Custom Index Systems LLC lifted its stake in shares of Gartner by 4.5% during the 4th quarter. Custom Index Systems LLC now owns 1,768 shares of the information technology services provider’s stock valued at $857,000 after buying an additional 76 shares in the last quarter. Mediolanum International Funds Ltd lifted its stake in shares of Gartner by 73.2% during the 4th quarter. Mediolanum International Funds Ltd now owns 17,305 shares of the information technology services provider’s stock valued at $8,380,000 after buying an additional 7,312 shares in the last quarter. Gilbert & Cook Inc. lifted its stake in shares of Gartner by 1.5% during the 4th quarter. Gilbert & Cook Inc. now owns 1,364 shares of the information technology services provider’s stock valued at $661,000 after buying an additional 20 shares in the last quarter. Finally, Hanson & Doremus Investment Management purchased a new position in shares of Gartner during the 4th quarter valued at $145,000. Institutional investors own 91.51% of the company’s stock.

Gartner Trading Up 1.0 %

NYSE IT opened at $548.26 on Tuesday. 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, Inc. has a 52 week low of $411.15 and a 52 week high of $559.00. The stock has a market capitalization of $42.29 billion, a PE ratio of 40.43, a price-to-earnings-growth ratio of 3.37 and a beta of 1.34. The firm has a 50 day moving average of $508.50 and a two-hundred day moving average of $504.99.

Gartner (NYSE:IT) last issued its quarterly earnings data on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.45 by $0.05. Gartner had a net margin of 17.33% and a return on equity of 118.27%. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the previous year, the firm earned $2.56 EPS. The company’s revenue was up 5.4% compared to the same quarter last year. As a group, research analysts expect that Gartner, Inc. will post 11.87 EPS for the current fiscal year.

Insiders Place Their Bets

In other Gartner news, Director James C. Smith sold 17,533 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the director now directly owns 532,294 shares in the company, valued at approximately $291,212,724.46. This trade represents a 3.19 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP William James Wartinbee III sold 189 shares of the firm’s 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 trade represents a 2.52 % 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 worth $19,241,974. 3.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on IT. Robert W. Baird boosted their price target on shares of Gartner from $565.00 to $590.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Wells Fargo & Company decreased their price target on shares of Gartner from $470.00 to $460.00 and set an “underweight” rating on the stock in a research note 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 note on Thursday, January 16th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Gartner from $529.00 to $531.00 and gave the company a “hold” rating in a research report on Wednesday, November 6th. Finally, StockNews.com cut shares of Gartner from a “buy” rating to a “hold” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $550.75.

About Gartner

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.