Carderock Capital Management Inc. raised its position in Gartner Inc (NYSE:IT) by 30.6% during the first quarter, HoldingsChannel.com reports. The fund owned 25,242 shares of the information technology services provider’s stock after purchasing an additional 5,914 shares during the quarter. Carderock Capital Management Inc.’s holdings in Gartner were worth $3,829,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in IT. NumerixS Investment Technologies Inc bought a new stake in shares of Gartner during the 4th quarter valued at about $176,000. National Pension Service lifted its stake in shares of Gartner by 4.7% in the fourth quarter. National Pension Service now owns 118,545 shares of the information technology services provider’s stock worth $16,900,000 after buying an additional 5,314 shares in the last quarter. Standard Life Aberdeen plc lifted its stake in shares of Gartner by 13.3% in the third quarter. Standard Life Aberdeen plc now owns 23,991 shares of the information technology services provider’s stock worth $3,802,000 after buying an additional 2,814 shares in the last quarter. McCollum Christoferson Group LLC lifted its stake in shares of Gartner by 2.3% in the fourth quarter. McCollum Christoferson Group LLC now owns 28,222 shares of the information technology services provider’s stock worth $3,608,000 after buying an additional 637 shares in the last quarter. Finally, Nordea Investment Management AB lifted its stake in shares of Gartner by 37.1% in the third quarter. Nordea Investment Management AB now owns 4,574 shares of the information technology services provider’s stock worth $725,000 after buying an additional 1,237 shares in the last quarter. Hedge funds and other institutional investors own 99.17% of the company’s stock.

In other Gartner news, EVP Alwyn Dawkins sold 1,909 shares of the company’s stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $142.01, for a total transaction of $271,097.09. Following the completion of the sale, the executive vice president now directly owns 35,822 shares of the company’s stock, valued at $5,087,082.22. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Craig Safian sold 3,635 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $140.64, for a total transaction of $511,226.40. Following the sale, the chief financial officer now directly owns 33,008 shares of the company’s stock, valued at $4,642,245.12. The disclosure for this sale can be found here. Insiders have sold 113,234 shares of company stock valued at $16,211,414 over the last three months. 4.00% of the stock is owned by corporate insiders.

Several brokerages have recently issued reports on IT. TheStreet upgraded shares of Gartner from a “c+” rating to a “b” rating in a research note on Tuesday, February 5th. Robert W. Baird reiterated a “buy” rating and issued a $156.00 target price on shares of Gartner in a research note on Wednesday, February 6th. Bank of America reissued a “buy” rating and set a $150.00 price objective on shares of Gartner in a report on Wednesday, February 6th. Zacks Investment Research cut shares of Gartner from a “hold” rating to a “sell” rating in a report on Monday, April 15th. Finally, BMO Capital Markets cut shares of Gartner from an “outperform” rating to a “market perform” rating and set a $139.30 price objective for the company. in a report on Wednesday, February 6th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $143.29.

IT opened at $158.10 on Tuesday. The company has a debt-to-equity ratio of 2.49, a current ratio of 0.69 and a quick ratio of 0.69. Gartner Inc has a twelve month low of $116.28 and a twelve month high of $161.24. The company has a market cap of $14.10 billion, a PE ratio of 41.72, a P/E/G ratio of 2.79 and a beta of 1.32.

Gartner (NYSE:IT) last released its quarterly earnings data on Tuesday, February 5th. The information technology services provider reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.25 by ($0.05). Gartner had a net margin of 3.08% and a return on equity of 37.74%. The company had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the previous year, the firm earned $1.17 earnings per share. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. As a group, research analysts predict that Gartner Inc will post 3.97 EPS for the current fiscal year.

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Gartner Profile

Gartner, Inc operates as a research and advisory company. It operates through three segments: Research, Conferences, and Consulting. The Research segment offers objective insights and advice on the priorities of various leaders in a range of functional areas of the enterprise through research and other reports, briefings, proprietary tools, access to analysts, peer networking services, and membership programs that enable clients to make better decisions; and practice and talent management research insights in various business functions, such as human resources, sales, legal, and finance.

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Institutional Ownership by Quarter for Gartner (NYSE:IT)

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