Altshuler Shaham Ltd Makes New Investment in Gartner, Inc. (NYSE:IT)

Altshuler Shaham Ltd bought a new stake in Gartner, Inc. (NYSE:IT) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 149 shares of the information technology services provider’s stock, valued at approximately $67,000.

Other large investors have also modified their holdings of the company. OFI Invest Asset Management purchased a new position in Gartner in the 3rd quarter valued at approximately $25,000. BKM Wealth Management LLC acquired a new stake in shares of Gartner in the fourth quarter valued at approximately $26,000. MCF Advisors LLC purchased a new position in shares of Gartner during the 4th quarter worth approximately $27,000. VisionPoint Advisory Group LLC raised its position in shares of Gartner by 254.2% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 85 shares of the information technology services provider’s stock worth $29,000 after purchasing an additional 61 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC raised its position in shares of Gartner by 357.9% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 87 shares of the information technology services provider’s stock worth $30,000 after purchasing an additional 68 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Gartner Stock Performance

Shares of Gartner stock traded up $2.48 during trading hours on Thursday, reaching $436.75. The company’s stock had a trading volume of 355,621 shares, compared to its average volume of 407,849. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.91 and a current ratio of 0.91. Gartner, Inc. has a one year low of $302.74 and a one year high of $486.54. The company’s 50 day simple moving average is $460.91 and its 200 day simple moving average is $442.68. The stock has a market cap of $34.05 billion, a P/E ratio of 43.35, a price-to-earnings-growth ratio of 3.44 and a beta of 1.32.

Gartner (NYSE:IT) last announced its quarterly earnings results on Tuesday, April 30th. The information technology services provider reported $2.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.53 by $0.40. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.47 billion. Gartner had a net margin of 13.35% and a return on equity of 141.55%. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.88 earnings per share. As a group, analysts expect that Gartner, Inc. will post 11.55 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Robert W. Baird cut their price objective on Gartner from $536.00 to $517.00 and set an “outperform” rating for the company in a research report on Wednesday, May 1st. Morgan Stanley raised their target price on shares of Gartner from $421.00 to $446.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 6th. UBS Group reduced their target price on Gartner from $550.00 to $510.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. Deutsche Bank Aktiengesellschaft began coverage on shares of Gartner in a research report on Tuesday, April 16th. They set a “hold” rating and a $507.00 price target on the stock. Finally, BMO Capital Markets cut their target price on shares of Gartner from $450.00 to $432.00 and set a “market perform” rating on the stock in a research note on Thursday, May 2nd. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $474.50.

Insider Buying and Selling

In other Gartner news, EVP Valentin Sribar sold 682 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $453.00, for a total value of $308,946.00. Following the completion of the sale, the executive vice president now owns 12,269 shares in the company, valued at approximately $5,557,857. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, EVP Claire Herkes sold 1,460 shares of Gartner stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $475.76, for a total value of $694,609.60. Following the transaction, the executive vice president now owns 2,842 shares in the company, valued at approximately $1,352,109.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Valentin Sribar sold 682 shares of Gartner stock in a transaction on Friday, February 16th. The stock was sold at an average price of $453.00, for a total transaction of $308,946.00. Following the completion of the transaction, the executive vice president now owns 12,269 shares in the company, valued at approximately $5,557,857. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,952 shares of company stock valued at $10,598,070. Company 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.