Pin Oak Investment Advisors Inc. Purchases Shares of 1,175 Gartner Inc (IT)

Pin Oak Investment Advisors Inc. purchased a new position in shares of Gartner Inc (NYSE:IT) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,175 shares of the information technology services provider’s stock, valued at approximately $145,000.

A number of other institutional investors and hedge funds have also bought and sold shares of IT. Atlantic Trust Group LLC boosted its position in Gartner by 7,923.9% during the third quarter. Atlantic Trust Group LLC now owns 843,152 shares of the information technology services provider’s stock worth $104,897,000 after acquiring an additional 832,644 shares during the last quarter. Wells Fargo & Company MN raised its stake in Gartner by 154.2% during the third quarter. Wells Fargo & Company MN now owns 1,037,753 shares of the information technology services provider’s stock worth $129,108,000 after purchasing an additional 629,507 shares during the period. Atlanta Capital Management Co. L L C raised its stake in Gartner by 18.2% during the fourth quarter. Atlanta Capital Management Co. L L C now owns 2,202,047 shares of the information technology services provider’s stock worth $271,182,000 after purchasing an additional 339,426 shares during the period. Artisan Partners Limited Partnership raised its stake in Gartner by 15.3% during the third quarter. Artisan Partners Limited Partnership now owns 2,129,523 shares of the information technology services provider’s stock worth $264,934,000 after purchasing an additional 282,571 shares during the period. Finally, Legal & General Group Plc raised its stake in Gartner by 159.3% during the third quarter. Legal & General Group Plc now owns 420,700 shares of the information technology services provider’s stock worth $52,337,000 after purchasing an additional 258,439 shares during the period. Hedge funds and other institutional investors own 96.77% of the company’s stock.

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Shares of IT stock opened at $117.69 on Friday. The stock has a market cap of $10,847.28, a P/E ratio of 36.19, a PEG ratio of 1.96 and a beta of 1.22. Gartner Inc has a 52 week low of $107.00 and a 52 week high of $142.16. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 2.95.

Gartner (NYSE:IT) last released its quarterly earnings results on Tuesday, February 6th. The information technology services provider reported $1.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.15). The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1 billion. Gartner had a net margin of 0.10% and a return on equity of 42.47%. Gartner’s revenue was up 44.3% on a year-over-year basis. During the same period last year, the firm posted $0.97 earnings per share. sell-side analysts anticipate that Gartner Inc will post 3.94 earnings per share for the current fiscal year.

IT has been the topic of a number of analyst reports. Zacks Investment Research downgraded shares of Gartner from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Royal Bank of Canada reaffirmed a “top pick” rating and set a $144.00 target price on shares of Gartner in a research note on Friday, February 16th. Credit Suisse Group reaffirmed an “outperform” rating and set a $142.00 target price (down from $160.00) on shares of Gartner in a research note on Wednesday, February 7th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $139.00 target price on shares of Gartner in a research note on Tuesday, February 6th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $130.00 target price on shares of Gartner in a research note on Tuesday, January 23rd. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $138.90.

In related news, EVP Robin B. Kranich sold 5,713 shares of Gartner stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $116.15, for a total value of $663,564.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Robin B. Kranich sold 5,064 shares of Gartner stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $118.19, for a total transaction of $598,514.16. Following the completion of the transaction, the executive vice president now owns 17,420 shares of the company’s stock, valued at approximately $2,058,869.80. The disclosure for this sale can be found here. Insiders sold a total of 83,855 shares of company stock worth $9,818,666 over the last three months. Insiders own 4.30% of the company’s stock.

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Gartner Company Profile

Gartner, Inc is an information technology research and advisory company. The Company works with clients to research, analyze and interpret the business of information technology (IT), supply chain and marketing within the context of their individual roles. It operates in three segments: Research, Consulting and Events.

Institutional Ownership by Quarter for Gartner (NYSE:IT)

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