Gartner, Inc. (NYSE:IT) Shares Acquired by Hengehold Capital Management LLC

Hengehold Capital Management LLC increased its position in shares of Gartner, Inc. (NYSE:IT) by 52.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 911 shares of the information technology services provider’s stock after acquiring an additional 313 shares during the period. Hengehold Capital Management LLC’s holdings in Gartner were worth $441,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in IT. Assenagon Asset Management S.A. grew its position in shares of Gartner by 208.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 272,267 shares of the information technology services provider’s stock worth $131,905,000 after buying an additional 183,974 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in Gartner in the 3rd quarter valued at $70,955,000. Principal Financial Group Inc. grew its holdings in shares of Gartner by 5.5% during the third 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 buying an additional 103,814 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Gartner in the 3rd quarter valued at approximately $36,789,000. Finally, JPMorgan Chase & Co. increased its stake in Gartner by 7.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,036,530 shares of the information technology services provider’s stock valued at $525,272,000 after buying an additional 70,236 shares during the period. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Gartner Stock Performance

Shares of Gartner stock opened at $523.63 on Friday. The firm has a market cap of $40.39 billion, a PE ratio of 38.62, a price-to-earnings-growth ratio of 2.92 and a beta of 1.33. Gartner, Inc. has a 1 year low of $411.15 and a 1 year high of $559.00. The firm’s 50-day simple moving average is $505.78 and its 200-day simple moving average is $499.91. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.02.

Gartner (NYSE:IT) last posted its earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.45 by $0.05. Gartner had a net margin of 17.33% and a return on equity of 118.27%. The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same period in the previous year, the business posted $2.56 EPS. Gartner’s revenue was up 5.4% on a year-over-year basis. Equities analysts forecast that Gartner, Inc. will post 11.87 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

IT has been the subject of several recent analyst reports. Robert W. Baird raised their price objective on shares of Gartner from $565.00 to $590.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Morgan Stanley cut their price objective on Gartner from $564.00 to $555.00 and set an “equal weight” rating for the company in a research report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft raised their price target 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 decreased their price target on Gartner from $470.00 to $460.00 and set an “underweight” rating on the stock in a research note on Friday, January 10th. Finally, Barclays raised shares of Gartner from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $525.00 to $600.00 in a research note on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Gartner has an average rating of “Hold” and an average price target of $550.75.

Insider Buying and Selling

In other Gartner news, Director James C. Smith sold 17,533 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $547.09, for a total transaction of $9,592,128.97. Following the completion of the transaction, the director now directly owns 532,294 shares of the company’s stock, valued at approximately $291,212,724.46. This trade represents a 3.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP William James Wartinbee III sold 189 shares of the firm’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $523.54, for a total value of $98,949.06. Following the transaction, the executive vice president now directly owns 7,311 shares of the company’s stock, valued at $3,827,600.94. This represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,583 shares of company stock valued at $19,241,974 over the last 90 days. 3.60% of the stock is currently owned by company insiders.

About Gartner

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.