MainStreet Investment Advisors LLC bought a new position in shares of Gartner Inc (NYSE:IT) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,643 shares of the information technology services provider’s stock, valued at approximately $695,000.

Several other large investors also recently modified their holdings of IT. Atlantic Trust Group LLC raised its stake in Gartner by 7,923.9% during the third quarter. Atlantic Trust Group LLC now owns 843,152 shares of the information technology services provider’s stock valued at $104,897,000 after purchasing an additional 832,644 shares in the last quarter. Wells Fargo & Company MN raised its stake in Gartner by 154.2% during the third quarter. Wells Fargo & Company MN now owns 1,037,753 shares of the information technology services provider’s stock valued at $129,108,000 after purchasing an additional 629,507 shares in the last quarter. Atlanta Capital Management Co. L L C raised its stake in Gartner by 18.2% during the fourth quarter. Atlanta Capital Management Co. L L C now owns 2,202,047 shares of the information technology services provider’s stock valued at $271,182,000 after purchasing an additional 339,426 shares in the last quarter. Artisan Partners Limited Partnership raised its stake in Gartner by 15.3% during the third quarter. Artisan Partners Limited Partnership now owns 2,129,523 shares of the information technology services provider’s stock valued at $264,934,000 after purchasing an additional 282,571 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in Gartner by 159.3% during the third quarter. Legal & General Group Plc now owns 420,700 shares of the information technology services provider’s stock valued at $52,337,000 after purchasing an additional 258,439 shares in the last quarter. Hedge funds and other institutional investors own 96.78% of the company’s stock.

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Shares of Gartner Inc (IT) opened at $124.02 on Friday. Gartner Inc has a 12 month low of $107.00 and a 12 month high of $142.16. The firm has a market cap of $11,186.08, a price-to-earnings ratio of 4,134.00, a PEG ratio of 2.03 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 announced its 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 firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1 billion. During the same period in the prior year, the company posted $0.97 EPS. The company’s revenue was up 44.3% compared to the same quarter last year. sell-side analysts expect that Gartner Inc will post 3.92 EPS for the current year.

A number of research firms recently issued reports on IT. Piper Jaffray Companies reaffirmed a “hold” rating and set a $130.00 price target on shares of Gartner in a research note on Tuesday, January 23rd. Royal Bank of Canada reaffirmed a “top pick” rating and set a $144.00 price target on shares of Gartner in a research note on Friday, February 16th. Zacks Investment Research downgraded shares of Gartner from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Morgan Stanley decreased their price target on shares of Gartner from $131.00 to $127.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 7th. Finally, BMO Capital Markets decreased their price target on shares of Gartner from $139.00 to $135.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 7th. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Gartner currently has an average rating of “Buy” and an average price target of $138.90.

In other news, EVP Alwyn Dawkins sold 2,000 shares of the company’s stock in a transaction dated Wednesday, March 14th. The shares were sold at an average price of $122.82, for a total value of $245,640.00. Following the transaction, the executive vice president now directly owns 32,133 shares in the company, valued at $3,946,575.06. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Eugene A. Hall sold 49,687 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $116.39, for a total transaction of $5,783,069.93. The disclosure for this sale can be found here. In the last three months, insiders sold 83,855 shares of company stock worth $9,818,666. Insiders own 4.30% of the company’s stock.

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Gartner Company Profile

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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