Charles Schwab Investment Management Inc. Purchases 10,828 Shares of Gartner, Inc. (NYSE:IT)

Charles Schwab Investment Management Inc. raised its position in shares of Gartner, Inc. (NYSE:IT) by 2.4% in the fourth quarter, Holdings Channel reports. The fund owned 461,813 shares of the information technology services provider’s stock after buying an additional 10,828 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Gartner were worth $208,328,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Commonwealth Equity Services LLC increased its holdings in Gartner by 32.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 5,371 shares of the information technology services provider’s stock valued at $1,846,000 after buying an additional 1,310 shares during the period. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Gartner by 115.5% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 5,601 shares of the information technology services provider’s stock worth $1,925,000 after purchasing an additional 3,002 shares during the last quarter. Stratos Wealth Partners LTD. bought a new stake in shares of Gartner in the 3rd quarter worth about $373,000. IFM Investors Pty Ltd grew its holdings in shares of Gartner by 1.4% in the 3rd quarter. IFM Investors Pty Ltd now owns 16,812 shares of the information technology services provider’s stock worth $5,777,000 after purchasing an additional 228 shares during the last quarter. Finally, Advisor Partners II LLC grew its holdings in shares of Gartner by 2.4% in the 3rd quarter. Advisor Partners II LLC now owns 3,885 shares of the information technology services provider’s stock worth $1,335,000 after purchasing an additional 92 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insider Transactions at Gartner

In other news, EVP Valentin Sribar sold 682 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $453.00, for a total transaction of $308,946.00. Following the completion of the transaction, the executive vice president now directly owns 12,269 shares of the company’s stock, valued at approximately $5,557,857. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Valentin Sribar sold 682 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $453.00, for a total transaction of $308,946.00. Following the completion of the transaction, the executive vice president now directly owns 12,269 shares of the company’s stock, valued at approximately $5,557,857. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Akhil Jain sold 250 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $464.55, for a total transaction of $116,137.50. Following the transaction, the executive vice president now directly owns 5,239 shares of the company’s stock, valued at $2,433,777.45. The disclosure for this sale can be found here. Insiders sold 22,952 shares of company stock valued at $10,598,070 in the last ninety days. 3.60% of the stock is currently owned by corporate insiders.

Gartner Stock Performance

Gartner stock opened at $434.27 on Thursday. The company has a market cap of $33.86 billion, a PE ratio of 43.21, a PEG ratio of 3.44 and a beta of 1.32. The company’s 50-day moving average is $460.91 and its two-hundred day moving average is $442.68. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 3.42. Gartner, Inc. has a 1 year low of $301.78 and a 1 year high of $486.54.

Gartner (NYSE:IT) last announced its quarterly earnings results on Tuesday, April 30th. The information technology services provider reported $2.93 earnings per share for the quarter, beating analysts’ consensus estimates of $2.53 by $0.40. Gartner had a net margin of 13.35% and a return on equity of 141.55%. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same period last year, the company posted $2.88 EPS. Gartner’s revenue for the quarter was up 4.5% on a year-over-year basis. Equities analysts anticipate that Gartner, Inc. will post 11.55 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. BMO Capital Markets lowered their target price on shares of Gartner from $450.00 to $432.00 and set a “market perform” rating on the stock in a report on Thursday, May 2nd. Robert W. Baird lowered their target price on shares of Gartner from $536.00 to $517.00 and set an “outperform” rating on the stock in a report on Wednesday, May 1st. UBS Group reduced their price target on shares of Gartner from $550.00 to $510.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. Deutsche Bank Aktiengesellschaft began coverage on shares of Gartner in a research report on Tuesday, April 16th. They set a “hold” rating and a $507.00 price target on the stock. Finally, Morgan Stanley upped their price target on shares of Gartner from $421.00 to $446.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 6th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $474.50.

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.