Greenleaf Trust Acquires 32 Shares of Gartner, Inc. (NYSE:IT)

Greenleaf Trust boosted its stake in shares of Gartner, Inc. (NYSE:IT) by 2.0% in the fourth quarter, HoldingsChannel reports. The firm owned 1,636 shares of the information technology services provider’s stock after purchasing an additional 32 shares during the quarter. Greenleaf Trust’s holdings in Gartner were worth $793,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Handelsbanken Fonder AB raised its holdings in Gartner by 1.5% in the 3rd quarter. Handelsbanken Fonder AB now owns 17,692 shares of the information technology services provider’s stock valued at $8,966,000 after acquiring an additional 266 shares during the period. Czech National Bank increased its stake in shares of Gartner by 6.1% during the third quarter. Czech National Bank now owns 15,697 shares of the information technology services provider’s stock worth $7,955,000 after purchasing an additional 903 shares during the period. GAMMA Investing LLC lifted its holdings in Gartner by 59.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,051 shares of the information technology services provider’s stock worth $533,000 after purchasing an additional 390 shares during the last quarter. Diversified Trust Co bought a new stake in Gartner in the 3rd quarter valued at $201,000. Finally, Miracle Mile Advisors LLC grew its holdings in Gartner by 15.4% in the 3rd quarter. Miracle Mile Advisors LLC now owns 548 shares of the information technology services provider’s stock valued at $278,000 after buying an additional 73 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Gartner Price Performance

Gartner stock opened at $546.38 on Wednesday. The stock has a 50-day moving average price of $508.97 and a two-hundred day moving average price of $505.61. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. Gartner, Inc. has a 12 month low of $411.15 and a 12 month high of $584.01. The company has a market capitalization of $42.14 billion, a PE ratio of 40.29, a P/E/G ratio of 3.37 and a beta of 1.34.

Gartner (NYSE:IT) last posted its quarterly earnings data on Tuesday, February 4th. The information technology services provider reported $5.45 EPS for the quarter, topping analysts’ consensus estimates of $3.22 by $2.23. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.69 billion. Gartner had a return on equity of 118.27% and a net margin of 17.33%. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the firm earned $3.04 earnings per share. Analysts expect that Gartner, Inc. will post 11.87 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on IT shares. StockNews.com downgraded Gartner from a “buy” rating to a “hold” rating in a report on Tuesday. Wells Fargo & Company cut their price objective on shares of Gartner from $470.00 to $460.00 and set an “underweight” rating for the company in a report on Friday, January 10th. Morgan Stanley lowered their target price on shares of Gartner from $564.00 to $555.00 and set an “equal weight” rating on the stock in a report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft boosted their price target on Gartner from $529.00 to $531.00 and gave the company a “hold” rating in a research note on Wednesday, November 6th. Finally, Robert W. Baird raised their price objective on Gartner from $565.00 to $590.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $550.75.

Insider Buying and Selling

In other Gartner news, EVP Claire Herkes sold 411 shares of the business’s stock in a transaction that occurred 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 directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP William James Wartinbee III sold 189 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $523.54, for a total transaction of $98,949.06. Following the sale, the executive vice president now directly owns 7,311 shares of the company’s stock, valued at approximately $3,827,600.94. This trade represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,583 shares of company stock valued at $13,884,374 over the last quarter. Insiders own 3.60% of the company’s stock.

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.