MorganRosel Wealth Management LLC Raises Position in Gartner, Inc. (NYSE:IT)

MorganRosel Wealth Management LLC grew its stake in Gartner, Inc. (NYSE:IT) by 18.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,056 shares of the information technology services provider’s stock after purchasing an additional 324 shares during the period. MorganRosel Wealth Management LLC’s holdings in Gartner were worth $996,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of IT. Fisher Funds Management LTD purchased a new stake in shares of Gartner in the fourth quarter valued at $97,518,000. Assenagon Asset Management S.A. grew its holdings in Gartner by 208.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 272,267 shares of the information technology services provider’s stock valued at $131,905,000 after purchasing an additional 183,974 shares during the last quarter. Point72 Asset Management L.P. bought a new position in Gartner during the 3rd quarter valued at about $70,955,000. Principal Financial Group Inc. raised its position in Gartner by 5.5% in the 3rd quarter. Principal Financial Group Inc. now owns 2,001,142 shares of the information technology services provider’s stock worth $1,014,099,000 after purchasing an additional 103,814 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Gartner during the third quarter valued at approximately $36,789,000. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Gartner Stock Up 2.0 %

Shares of Gartner stock opened at $497.72 on Tuesday. Gartner, Inc. has a 52-week low of $411.15 and a 52-week high of $584.01. The firm’s 50 day moving average price is $509.33 and its 200-day moving average price is $509.73. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. The company has a market cap of $38.23 billion, a P/E ratio of 31.05, a PEG ratio of 3.30 and a beta of 1.34.

Gartner (NYSE:IT) last issued its quarterly earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.22 by $2.23. Gartner had a return on equity of 116.56% and a net margin of 20.00%. The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same period in the prior year, the firm posted $3.04 earnings per share. The business’s quarterly revenue was up 8.1% on a year-over-year basis. On average, sell-side analysts predict that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on IT. Morgan Stanley dropped their price objective on Gartner from $564.00 to $555.00 and set an “equal weight” rating for the company in a report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Gartner from $529.00 to $531.00 and gave the company a “hold” rating in a research report on Wednesday, November 6th. Wells Fargo & Company reduced their target price on shares of Gartner from $470.00 to $460.00 and set an “underweight” rating on the stock in a research report on Friday, January 10th. Barclays upgraded Gartner from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $525.00 to $600.00 in a report on Friday, January 10th. Finally, Robert W. Baird lifted their target price on Gartner from $579.00 to $605.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Gartner presently has an average rating of “Moderate Buy” and a consensus target price of $552.63.

Insider Buying and Selling at Gartner

In related news, SVP John J. Rinello sold 90 shares of the company’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $530.51, for a total value of $47,745.90. Following the transaction, the senior vice president now directly owns 3,259 shares of the company’s stock, valued at $1,728,932.09. This represents a 2.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP William James Wartinbee III sold 189 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $523.54, for a total value of $98,949.06. Following the completion of the transaction, the executive vice president now owns 7,311 shares of the company’s stock, valued at $3,827,600.94. This trade represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 690 shares of company stock worth $360,925. 3.60% of the stock is owned by insiders.

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.