Eukles Asset Management Has $3.41 Million Stock Position in Gartner, Inc. (NYSE:IT)

Eukles Asset Management raised its stake in Gartner, Inc. (NYSE:IT) by 1.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,033 shares of the information technology services provider’s stock after acquiring an additional 122 shares during the quarter. Gartner comprises approximately 1.5% of Eukles Asset Management’s investment portfolio, making the stock its 23rd biggest holding. Eukles Asset Management’s holdings in Gartner were worth $3,407,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of IT. State Street Corp increased its holdings in shares of Gartner by 1.1% in the third quarter. State Street Corp now owns 3,257,355 shares of the information technology services provider’s stock valued at $1,650,697,000 after purchasing an additional 36,258 shares in the last quarter. Geode Capital Management LLC boosted its position in Gartner by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 2,018,358 shares of the information technology services provider’s stock valued at $1,020,378,000 after buying an additional 36,698 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of 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 valued at $1,014,099,000 after buying an additional 103,814 shares during the period. JPMorgan Chase & Co. raised its position in shares of Gartner by 7.3% during the third quarter. JPMorgan Chase & Co. now owns 1,036,530 shares of the information technology services provider’s stock worth $525,272,000 after acquiring an additional 70,236 shares during the last quarter. Finally, Franklin Resources Inc. lifted its stake in shares of Gartner by 3.3% during the third quarter. Franklin Resources Inc. now owns 801,589 shares of the information technology services provider’s stock valued at $422,678,000 after acquiring an additional 25,315 shares during the period. 91.51% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Deutsche Bank Aktiengesellschaft lifted their price objective on Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. Wells Fargo & Company dropped their price target on shares of Gartner from $470.00 to $460.00 and set an “underweight” rating for the company in a research note on Friday, January 10th. 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. StockNews.com cut shares of Gartner from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Finally, Robert W. Baird increased their price target on Gartner from $579.00 to $605.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Gartner currently has a consensus rating of “Hold” and an average target price of $552.63.

Gartner Trading Down 1.0 %

NYSE IT opened at $528.93 on Monday. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.02 and a quick ratio of 1.02. The stock’s 50-day moving average is $509.93 and its 200-day moving average is $507.08. Gartner, Inc. has a one year low of $411.15 and a one year high of $584.01. The firm has a market cap of $40.80 billion, a P/E ratio of 33.00, a P/E/G ratio of 3.50 and a beta of 1.34.

Gartner (NYSE:IT) last announced its quarterly earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share for the quarter, beating analysts’ consensus estimates of $3.22 by $2.23. Gartner had a net margin of 20.00% and a return on equity of 136.32%. The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same quarter in the previous year, the firm posted $3.04 earnings per share. The business’s revenue was up 8.1% on a year-over-year basis. Sell-side analysts anticipate that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director James C. Smith sold 5,000 shares of Gartner stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $524.02, for a total value of $2,620,100.00. Following the sale, the director now directly owns 509,457 shares in the company, valued at $266,965,657.14. This trade represents a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP William James Wartinbee III sold 189 shares of the stock in a transaction on Friday, December 6th. The stock was sold at an average price of $523.54, for a total transaction of $98,949.06. Following the transaction, the executive vice president now owns 7,311 shares of the company’s stock, valued at $3,827,600.94. The trade was a 2.52 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,600 shares of company stock worth $2,933,279. Corporate insiders own 3.60% of the company’s stock.

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.