Grayhawk Investment Strategies Inc. Makes New Investment in Gartner, Inc. (NYSE:IT)

Grayhawk Investment Strategies Inc. purchased a new position in Gartner, Inc. (NYSE:IT) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,921 shares of the information technology services provider’s stock, valued at approximately $867,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. BKM Wealth Management LLC bought a new position in shares of Gartner in the fourth quarter valued at approximately $26,000. MCF Advisors LLC bought a new position in shares of Gartner in the fourth quarter valued at approximately $27,000. Frazier Financial Advisors LLC bought a new position in shares of Gartner in the fourth quarter valued at approximately $27,000. VisionPoint Advisory Group LLC lifted its holdings in shares of Gartner by 254.2% in the third quarter. VisionPoint Advisory Group LLC now owns 85 shares of the information technology services provider’s stock valued at $29,000 after purchasing an additional 61 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC lifted its holdings in shares of Gartner by 357.9% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 87 shares of the information technology services provider’s stock valued at $30,000 after purchasing an additional 68 shares in the last quarter. Institutional investors own 91.51% of the company’s stock.

Insiders Place Their Bets

In other Gartner news, EVP Alwyn Dawkins sold 600 shares of Gartner stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $447.63, for a total transaction of $268,578.00. Following the completion of the sale, the executive vice president now owns 51,583 shares of the company’s stock, valued at $23,090,098.29. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, EVP Claire Herkes sold 1,460 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $475.76, for a total value of $694,609.60. Following the completion of the sale, the executive vice president now owns 2,842 shares of the company’s stock, valued at approximately $1,352,109.92. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Alwyn Dawkins sold 600 shares of the business’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $447.63, for a total value of $268,578.00. Following the completion of the sale, the executive vice president now directly owns 51,583 shares of the company’s stock, valued at approximately $23,090,098.29. The disclosure for this sale can be found here. Insiders sold a total of 14,004 shares of company stock valued at $6,381,523 over the last 90 days. Insiders own 3.60% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. UBS Group dropped their price target on Gartner from $550.00 to $510.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. StockNews.com lowered Gartner from a “buy” rating to a “hold” rating in a report on Wednesday, May 29th. Robert W. Baird dropped their price target on Gartner from $536.00 to $517.00 and set an “outperform” rating on the stock in a report on Wednesday, May 1st. Deutsche Bank Aktiengesellschaft assumed coverage on Gartner in a research report on Tuesday, April 16th. They issued a “hold” rating and a $507.00 target price for the company. Finally, BMO Capital Markets decreased their target price on Gartner from $450.00 to $432.00 and set a “market perform” rating for the company in a research report on Thursday, May 2nd. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $474.50.

Gartner Price Performance

Gartner stock traded up $2.24 during midday trading on Friday, hitting $434.44. 296,622 shares of the company’s stock were exchanged, compared to its average volume of 369,934. Gartner, Inc. has a 52-week low of $323.61 and a 52-week high of $486.54. The stock has a 50-day moving average price of $445.28 and a two-hundred day moving average price of $451.87. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market cap of $33.73 billion, a P/E ratio of 43.23, a PEG ratio of 3.80 and a beta of 1.32.

Gartner (NYSE:IT) last posted its earnings results on Tuesday, April 30th. The information technology services provider reported $2.93 EPS for the quarter, topping the consensus estimate of $2.53 by $0.40. Gartner had a return on equity of 141.55% and a net margin of 13.35%. The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same period in the previous year, the business earned $2.88 earnings per share. The firm’s revenue was up 4.5% on a year-over-year basis. On average, equities research analysts forecast that Gartner, Inc. will post 11.55 earnings per share for the current year.

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.