Financiere des Professionnels Fonds d investissement inc. Lowers Stock Holdings in Gartner, Inc. (NYSE:IT)

Financiere des Professionnels Fonds d investissement inc. trimmed its position in shares of Gartner, Inc. (NYSE:IT) by 2.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,256 shares of the information technology services provider’s stock after selling 274 shares during the quarter. Financiere des Professionnels Fonds d investissement inc.’s holdings in Gartner were worth $5,938,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Eastern Bank purchased a new position in shares of Gartner in the 3rd quarter valued at about $26,000. Ashton Thomas Securities LLC purchased a new position in shares of Gartner in the 3rd quarter valued at about $44,000. True Wealth Design LLC boosted its stake in shares of Gartner by 2,350.0% in the 3rd quarter. True Wealth Design LLC now owns 98 shares of the information technology services provider’s stock valued at $50,000 after buying an additional 94 shares during the period. Fortitude Family Office LLC boosted its stake in shares of Gartner by 23.8% in the 3rd 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 during the period. Finally, Capital Performance Advisors LLP purchased a new position in shares of Gartner in the 3rd quarter valued at about $77,000. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Gartner Trading Down 0.4 %

IT opened at $515.34 on Monday. The firm has a market cap of $39.75 billion, a price-to-earnings ratio of 32.15, a price-to-earnings-growth ratio of 3.50 and a beta of 1.34. Gartner, Inc. has a 52 week low of $411.15 and a 52 week high of $584.01. The business’s 50 day moving average is $510.09 and its two-hundred day moving average is $508.44. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.31.

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 the consensus estimate 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 136.32% and a net margin of 20.00%. The firm’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.04 earnings per share. On average, research analysts predict that Gartner, Inc. will post 12.5 EPS for the current year.

Insiders Place Their Bets

In related news, SVP John J. Rinello sold 90 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $530.51, for a total value of $47,745.90. Following the completion of the sale, the senior vice president now owns 3,259 shares in the company, valued at $1,728,932.09. This trade represents a 2.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Claire Herkes sold 411 shares of the company’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $521.24, for a total transaction of $214,229.64. Following the transaction, the executive vice president now owns 1,494 shares in the company, valued at $778,732.56. The trade was a 21.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,690 shares of company stock valued at $2,981,025 over the last quarter. Company insiders own 3.60% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Morgan Stanley decreased their price objective on Gartner from $564.00 to $555.00 and set an “equal weight” rating for the company in a research note on Thursday, January 16th. StockNews.com upgraded Gartner from a “hold” rating to a “buy” rating in a research note on Wednesday, February 12th. Robert W. Baird lifted 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. Wells Fargo & Company decreased their target price on Gartner from $470.00 to $460.00 and set an “underweight” rating for the company in a research note on Friday, January 10th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $552.63.

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.