Gartner, Inc. (NYSE:IT) Shares Sold by Farther Finance Advisors LLC

Farther Finance Advisors LLC lessened its holdings in shares of Gartner, Inc. (NYSE:IT) by 11.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 802 shares of the information technology services provider’s stock after selling 101 shares during the quarter. Farther Finance Advisors LLC’s holdings in Gartner were worth $388,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in IT. Principal Financial Group Inc. grew its stake in shares of Gartner by 5.5% in the third quarter. Principal Financial Group Inc. now owns 2,001,142 shares of the information technology services provider’s stock worth $1,014,099,000 after acquiring an additional 103,814 shares in the last quarter. Prime Capital Investment Advisors LLC boosted its holdings in Gartner by 5.2% in the third quarter. Prime Capital Investment Advisors LLC now owns 507 shares of the information technology services provider’s stock valued at $257,000 after purchasing an additional 25 shares during the period. KBC Group NV grew its stake in Gartner by 6.2% during the 3rd quarter. KBC Group NV now owns 12,186 shares of the information technology services provider’s stock worth $6,175,000 after purchasing an additional 716 shares in the last quarter. CIBC Asset Management Inc increased its holdings in Gartner by 7.7% during the 3rd quarter. CIBC Asset Management Inc now owns 11,275 shares of the information technology services provider’s stock worth $5,714,000 after purchasing an additional 803 shares during the period. Finally, Empowered Funds LLC boosted its stake in shares of Gartner by 37.7% in the 3rd quarter. Empowered Funds LLC now owns 5,537 shares of the information technology services provider’s stock valued at $2,806,000 after buying an additional 1,515 shares during the period. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Gartner Trading Up 0.9 %

IT opened at $461.30 on Tuesday. The firm has a market cap of $35.44 billion, a price-to-earnings ratio of 28.78, a price-to-earnings-growth ratio of 3.30 and a beta of 1.29. 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 $506.91 and its two-hundred day moving average is $509.47. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.81.

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, beating the consensus estimate of $3.22 by $2.23. Gartner had a net margin of 20.00% and a return on equity of 116.56%. The firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter in the prior year, the firm earned $3.04 EPS. Gartner’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 year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Barclays upgraded shares of Gartner from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $525.00 to $600.00 in a research note on Friday, January 10th. StockNews.com raised shares of Gartner from a “hold” rating to a “buy” rating in a research report on Wednesday, March 5th. Wells Fargo & Company cut their price target on Gartner from $470.00 to $460.00 and set an “underweight” rating on the stock in a research note on Friday, January 10th. Robert W. Baird upped their price objective on Gartner from $579.00 to $605.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. Finally, Morgan Stanley cut 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Gartner currently has a consensus rating of “Moderate Buy” and an average price target of $552.63.

Insider Transactions at Gartner

In other Gartner news, Director Eileen Serra sold 1,200 shares of the company’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $489.77, for a total transaction of $587,724.00. Following the completion of the transaction, the director now owns 1,627 shares in the company, valued at approximately $796,855.79. This represents a 42.45 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP John J. Rinello sold 90 shares of Gartner stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $530.51, for a total transaction of $47,745.90. Following the completion of the sale, the senior vice president now directly owns 3,259 shares in the company, valued at approximately $1,728,932.09. The trade was a 2.69 % decrease in their position. The disclosure for this sale can be found here. 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.