Capital Asset Advisory Services LLC Has $287,000 Holdings in Gartner, Inc. (NYSE:IT)

Capital Asset Advisory Services LLC decreased its position in shares of Gartner, Inc. (NYSE:IT) by 5.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 590 shares of the information technology services provider’s stock after selling 34 shares during the period. Capital Asset Advisory Services LLC’s holdings in Gartner were worth $287,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Eastern Bank bought a new stake in Gartner during the 3rd quarter worth approximately $26,000. Ashton Thomas Securities LLC acquired a new position in Gartner in the third quarter worth $44,000. True Wealth Design LLC grew its holdings in shares of Gartner by 2,350.0% during the third quarter. True Wealth Design LLC now owns 98 shares of the information technology services provider’s stock worth $50,000 after purchasing an additional 94 shares during the last quarter. Fortitude Family Office LLC increased its stake in shares of Gartner by 23.8% in the third quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider’s stock valued at $53,000 after buying an additional 20 shares in the last quarter. Finally, Asset Dedication LLC raised its holdings in shares of Gartner by 46.5% in the third quarter. Asset Dedication LLC now owns 148 shares of the information technology services provider’s stock valued at $75,000 after buying an additional 47 shares during the last quarter. Institutional investors own 91.51% of the company’s stock.

Insider Activity

In other news, EVP Claire Herkes sold 411 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $521.24, for a total value of $214,229.64. Following the completion of the transaction, the executive vice president now owns 1,494 shares of the company’s stock, valued at $778,732.56. The trade was a 21.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP William James Wartinbee III sold 189 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $523.54, for a total value of $98,949.06. Following the sale, the executive vice president now directly owns 7,311 shares in the company, 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. Insiders sold a total of 35,583 shares of company stock valued at $19,241,974 in the last ninety days. 3.60% of the stock is owned by insiders.

Gartner Stock Performance

Shares of Gartner stock opened at $537.45 on Tuesday. The firm has a fifty day moving average of $505.97 and a two-hundred day moving average of $502.00. 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 $41.46 billion, a price-to-earnings ratio of 39.63, a PEG ratio of 2.92 and a beta of 1.33. Gartner, Inc. has a 52 week low of $411.15 and a 52 week high of $559.00.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a report on Wednesday, November 6th. Wells Fargo & Company decreased their price target on shares of Gartner from $470.00 to $460.00 and set an “underweight” rating on the stock in a research note on Friday, January 10th. Morgan Stanley dropped their price objective 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 increased their price objective for the company from $525.00 to $600.00 in a research report on Friday, January 10th. Finally, StockNews.com upgraded Gartner from a “hold” rating to a “buy” rating in a research report on Monday. One analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $550.75.

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.