Burns Matteson Capital Management LLC Trims Stock Holdings in Gartner, Inc. (NYSE:IT)

Burns Matteson Capital Management LLC cut its holdings in shares of Gartner, Inc. (NYSE:IT) by 3.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 813 shares of the information technology services provider’s stock after selling 28 shares during the quarter. Burns Matteson Capital Management LLC’s holdings in Gartner were worth $394,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Eastern Bank bought a new stake in shares of Gartner in the 3rd quarter valued at approximately $26,000. Ashton Thomas Securities LLC acquired a new stake in Gartner during the third quarter worth about $44,000. True Wealth Design LLC lifted its holdings in Gartner by 2,350.0% in the third quarter. True Wealth Design LLC now owns 98 shares of the information technology services provider’s stock worth $50,000 after acquiring an additional 94 shares during the last quarter. Fortitude Family Office LLC boosted its position in Gartner by 23.8% during the 3rd quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider’s stock valued at $53,000 after purchasing an additional 20 shares during the period. Finally, Asset Dedication LLC increased its position in Gartner by 46.5% in 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 during the period. 91.51% of the stock is owned by institutional investors and hedge funds.

Gartner Stock Down 1.0 %

Gartner stock opened at $528.93 on Monday. The firm’s 50 day moving average price is $509.93 and its two-hundred day moving average price is $507.08. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.02. Gartner, Inc. has a twelve month low of $411.15 and a twelve month high of $584.01. The firm has a market cap of $40.80 billion, a PE ratio of 33.00, a P/E/G ratio of 3.50 and a beta of 1.34.

Gartner (NYSE:IT) last released its quarterly earnings data on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.22 by $2.23. Gartner had a return on equity of 136.32% and a net margin of 20.00%. The firm had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.69 billion. During the same quarter last year, the firm earned $3.04 earnings per share. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. On average, research analysts predict that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on IT. Robert W. Baird increased their price objective on shares of Gartner from $579.00 to $605.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. Barclays upgraded shares of Gartner from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $525.00 to $600.00 in a research report on Friday, January 10th. Wells Fargo & Company dropped their price target on Gartner from $470.00 to $460.00 and set an “underweight” rating on the stock in a report on Friday, January 10th. Finally, StockNews.com cut shares of Gartner from a “buy” rating to a “hold” rating in a report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $552.63.

Insider Activity at Gartner

In related news, Director James C. Smith sold 5,000 shares of Gartner stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $524.02, for a total value of $2,620,100.00. Following the transaction, the director now owns 509,457 shares in the company, valued at $266,965,657.14. This trade represents a 0.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Claire Herkes sold 411 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $521.24, for a total transaction of $214,229.64. Following the sale, the executive vice president now owns 1,494 shares of the company’s stock, valued at $778,732.56. This trade represents a 21.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,600 shares of company stock valued at $2,933,279. 3.60% of the stock is owned by corporate insiders.

Gartner Company 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.