Crown Oak Advisors LLC Buys 1,976 Shares of Gartner, Inc. (NYSE:IT)

Crown Oak Advisors LLC raised its stake in Gartner, Inc. (NYSE:IT) by 10.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,648 shares of the information technology services provider’s stock after acquiring an additional 1,976 shares during the quarter. Gartner makes up 5.4% of Crown Oak Advisors LLC’s portfolio, making the stock its 6th biggest holding. Crown Oak Advisors LLC’s holdings in Gartner were worth $10,488,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. State Street Corp grew its stake in Gartner by 1.1% in the 3rd quarter. State Street Corp now owns 3,257,355 shares of the information technology services provider’s stock worth $1,650,697,000 after acquiring an additional 36,258 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Gartner by 1.9% during the third quarter. Geode Capital Management LLC now owns 2,018,358 shares of the information technology services provider’s stock worth $1,020,378,000 after purchasing an additional 36,698 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Gartner by 5.5% in the third 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 purchasing an additional 103,814 shares during the period. JPMorgan Chase & Co. increased its stake in Gartner by 7.3% in the third quarter. JPMorgan Chase & Co. now owns 1,036,530 shares of the information technology services provider’s stock valued at $525,272,000 after purchasing an additional 70,236 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in Gartner by 3.3% during the third quarter. Franklin Resources Inc. now owns 801,589 shares of the information technology services provider’s stock worth $422,678,000 after buying an additional 25,315 shares during the period. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director James C. Smith sold 2,450 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $554.68, for a total value of $1,358,966.00. Following the sale, the director now owns 529,844 shares of the company’s stock, valued at approximately $293,893,869.92. This trade represents a 0.46 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Claire Herkes sold 411 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $521.24, for a total value of $214,229.64. Following the transaction, the executive vice president now owns 1,494 shares of the company’s stock, valued at approximately $778,732.56. The trade was a 21.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 35,583 shares of company stock valued at $19,241,974 over the last 90 days. 3.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on IT. StockNews.com cut Gartner from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. Morgan Stanley dropped their price target on shares of Gartner from $564.00 to $555.00 and set an “equal weight” rating for the company in a research report on Thursday, January 16th. Barclays upgraded Gartner from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $525.00 to $600.00 in a report on Friday, January 10th. Wells Fargo & Company decreased their target price on Gartner from $470.00 to $460.00 and set an “underweight” rating for the company in a report on Friday, January 10th. Finally, Robert W. Baird upped their target price on Gartner from $565.00 to $590.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $550.75.

Gartner Stock Performance

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

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

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.