Daiwa Securities Group Inc. Buys 687 Shares of Gartner, Inc. (NYSE:IT)

Daiwa Securities Group Inc. increased its stake in shares of Gartner, Inc. (NYSE:IT) by 7.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,505 shares of the information technology services provider’s stock after purchasing an additional 687 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Gartner were worth $5,089,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Kestra Investment Management LLC bought a new stake in shares of Gartner during the fourth quarter valued at approximately $29,000. Ashton Thomas Securities LLC bought a new position in Gartner in the third quarter valued at approximately $44,000. SBI Securities Co. Ltd. bought a new position in Gartner in the fourth quarter valued at approximately $49,000. True Wealth Design LLC boosted its stake in Gartner by 2,350.0% in the third quarter. True Wealth Design LLC now owns 98 shares of the information technology services provider’s stock valued at $50,000 after acquiring an additional 94 shares during the last quarter. Finally, Promus Capital LLC bought a new position in Gartner in the fourth quarter valued at approximately $57,000. 91.51% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, SVP John J. Rinello sold 90 shares of the firm’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $530.51, for a total transaction of $47,745.90. Following the sale, the senior vice president now directly owns 3,259 shares in the company, valued at $1,728,932.09. This trade represents a 2.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Eileen Serra sold 1,200 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $489.77, for a total transaction of $587,724.00. Following the sale, the director now owns 1,627 shares in the company, valued at approximately $796,855.79. The trade was a 42.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on IT. Wells Fargo & Company reduced their price objective on shares of Gartner from $470.00 to $460.00 and set an “underweight” rating on the stock in a research note on Friday, January 10th. StockNews.com raised shares of Gartner from a “hold” rating to a “buy” rating in a research note on Wednesday, March 5th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Gartner in a research note on Tuesday, February 4th. Morgan Stanley reduced their price objective on shares of Gartner from $564.00 to $555.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 16th. Finally, Robert W. Baird lifted their price target on shares of Gartner from $579.00 to $605.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Gartner has a consensus rating of “Moderate Buy” and a consensus price target of $552.63.

Gartner Trading Down 1.5 %

Shares of NYSE IT opened at $459.29 on Thursday. The company’s fifty day moving average is $509.21 and its 200-day moving average is $510.21. The stock has a market cap of $35.28 billion, a price-to-earnings ratio of 28.65, a P/E/G ratio of 3.30 and a beta of 1.29. Gartner, Inc. has a twelve month low of $411.15 and a twelve month high of $584.01. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.81.

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