Zeke Capital Advisors LLC purchased a new position in Gartner Inc (NYSE:IT) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 3,045 shares of the information technology services provider’s stock, valued at approximately $375,000.

A number of other hedge funds have also bought and sold shares of the business. Fiduciary Trust Co. boosted its stake in Gartner by 8.6% in the 4th quarter. Fiduciary Trust Co. now owns 4,949 shares of the information technology services provider’s stock worth $610,000 after purchasing an additional 393 shares during the period. Crossmark Global Holdings Inc. boosted its position in shares of Gartner by 3.7% during the 4th quarter. Crossmark Global Holdings Inc. now owns 11,871 shares of the information technology services provider’s stock valued at $1,462,000 after acquiring an additional 422 shares during the last quarter. Norinchukin Bank The boosted its position in shares of Gartner by 7.5% during the 3rd quarter. Norinchukin Bank The now owns 6,744 shares of the information technology services provider’s stock valued at $839,000 after acquiring an additional 468 shares during the last quarter. Strs Ohio boosted its position in shares of Gartner by 5.4% during the 4th quarter. Strs Ohio now owns 9,314 shares of the information technology services provider’s stock valued at $1,147,000 after acquiring an additional 478 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its position in shares of Gartner by 32.1% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 2,021 shares of the information technology services provider’s stock valued at $249,000 after acquiring an additional 491 shares during the last quarter. Institutional investors and hedge funds own 96.77% of the company’s stock.

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Gartner Inc (IT) traded down $0.06 during trading hours on Tuesday, reaching $123.34. The company had a trading volume of 35,629 shares, compared to its average volume of 728,493. Gartner Inc has a one year low of $107.00 and a one year high of $142.16. The stock has a market cap of $11,265.11, a price-to-earnings ratio of 4,113.33, a PEG ratio of 2.04 and a beta of 1.22. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 2.95.

Gartner (NYSE:IT) last released its quarterly earnings results on Tuesday, February 6th. The information technology services provider reported $1.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.32 by ($0.15). Gartner had a net margin of 0.10% and a return on equity of 42.47%. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1 billion. During the same quarter in the previous year, the company posted $0.97 EPS. The business’s quarterly revenue was up 44.3% on a year-over-year basis. analysts anticipate that Gartner Inc will post 3.92 earnings per share for the current fiscal year.

In related news, CEO Eugene A. Hall sold 15,891 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $117.28, for a total transaction of $1,863,696.48. Following the sale, the chief executive officer now owns 1,173,780 shares in the company, valued at approximately $137,660,918.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Robin B. Kranich sold 5,713 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $116.15, for a total value of $663,564.95. The disclosure for this sale can be found here. Insiders have sold a total of 83,855 shares of company stock worth $9,818,666 in the last 90 days. 4.30% of the stock is currently owned by insiders.

A number of research firms have recently commented on IT. Zacks Investment Research downgraded Gartner from a “buy” rating to a “hold” rating in a research report on Monday, February 5th. Morgan Stanley lowered their target price on Gartner from $131.00 to $127.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 7th. TheStreet upgraded Gartner from a “c+” rating to a “b” rating in a research report on Tuesday, February 6th. Credit Suisse Group reiterated an “outperform” rating and set a $142.00 target price (down from $160.00) on shares of Gartner in a research report on Wednesday, February 7th. Finally, Robert W. Baird lowered their target price on Gartner from $145.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday, February 7th. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $138.90.

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About Gartner

Gartner, Inc is an information technology research and advisory company. The Company works with clients to research, analyze and interpret the business of information technology (IT), supply chain and marketing within the context of their individual roles. It operates in three segments: Research, Consulting and Events.

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Institutional Ownership by Quarter for Gartner (NYSE:IT)

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