Stephens Inc. AR Sells 741 Shares of Gartner, Inc. (NYSE:IT)

Stephens Inc. AR cut its holdings in Gartner, Inc. (NYSE:IT) by 32.2% during the fourth quarter, HoldingsChannel reports. The firm owned 1,557 shares of the information technology services provider’s stock after selling 741 shares during the period. Stephens Inc. AR’s holdings in Gartner were worth $754,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Eastern Bank acquired a new stake in Gartner during the third quarter worth about $26,000. Ashton Thomas Securities LLC acquired a new stake in Gartner during the third quarter worth about $44,000. True Wealth Design LLC grew its position in 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 buying an additional 94 shares in the last quarter. Fortitude Family Office LLC grew its position in Gartner by 23.8% during the third quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider’s stock worth $53,000 after buying an additional 20 shares in the last quarter. Finally, Asset Dedication LLC grew its position in Gartner by 46.5% during the third quarter. Asset Dedication LLC now owns 148 shares of the information technology services provider’s stock worth $75,000 after buying an additional 47 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on IT shares. Morgan Stanley decreased their target price on Gartner from $564.00 to $555.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft lifted their target price on Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. StockNews.com upgraded Gartner from a “hold” rating to a “buy” rating in a research note on Wednesday. Robert W. Baird upped their price objective on Gartner from $579.00 to $605.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. Finally, Barclays upgraded Gartner from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $525.00 to $600.00 in a research note on Friday, January 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $552.63.

Gartner Stock Up 0.6 %

NYSE IT opened at $517.03 on Friday. The firm has a market cap of $39.88 billion, a PE ratio of 32.25, a price-to-earnings-growth ratio of 3.50 and a beta of 1.34. Gartner, Inc. has a one year low of $411.15 and a one year high of $584.01. The stock’s 50 day simple moving average is $510.12 and its 200 day simple moving average is $507.95. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.02 and a quick ratio of 1.02.

Gartner (NYSE:IT) last released its quarterly earnings results 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 business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.69 billion. Gartner had a return on equity of 136.32% and a net margin of 20.00%. Gartner’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the prior year, the company earned $3.04 EPS. As a group, sell-side analysts forecast that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Gartner news, EVP William James Wartinbee III sold 189 shares of the stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $523.54, for a total transaction of $98,949.06. Following the completion of the transaction, the executive vice president now owns 7,311 shares in the company, valued at approximately $3,827,600.94. This represents a 2.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP John J. Rinello sold 90 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $530.51, for a total value of $47,745.90. Following the transaction, the senior vice president now owns 3,259 shares of the company’s stock, valued at approximately $1,728,932.09. This trade represents a 2.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,690 shares of company stock worth $2,981,025 in the last three months. 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.