Gartner, Inc. (NYSE:IT) Shares Sold by ClearAlpha Technologies LP

ClearAlpha Technologies LP lessened its stake in Gartner, Inc. (NYSE:IT) by 10.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 812 shares of the information technology services provider’s stock after selling 99 shares during the quarter. ClearAlpha Technologies LP’s holdings in Gartner were worth $393,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Norges Bank purchased a new position in shares of Gartner in the 4th quarter worth about $460,541,000. Madison Investment Advisors LLC acquired a new stake in shares of Gartner in the fourth quarter worth $244,799,000. Raymond James Financial Inc. purchased a new position in shares of Gartner in the 4th quarter valued at $165,476,000. FMR LLC lifted its holdings in shares of Gartner by 8.6% during the 4th quarter. FMR LLC now owns 2,822,122 shares of the information technology services provider’s stock valued at $1,367,233,000 after acquiring an additional 223,087 shares in the last quarter. Finally, Fisher Funds Management LTD purchased a new stake in Gartner during the 4th quarter worth $97,518,000. 91.51% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP John J. Rinello sold 90 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $530.51, for a total transaction of $47,745.90. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 value of $587,724.00. Following the completion of the transaction, the director now owns 1,627 shares of the company’s stock, valued at $796,855.79. The trade was a 42.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on IT shares. StockNews.com downgraded Gartner from a “buy” rating to a “hold” rating in a research report on Friday, March 21st. UBS Group dropped their price objective on shares of Gartner from $565.00 to $500.00 and set a “buy” rating on the stock in a research note on Tuesday, March 25th. Barclays lowered their price target on shares of Gartner from $600.00 to $510.00 and set an “overweight” rating for the company in a report on Friday, April 4th. Morgan Stanley lowered their target price 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. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Gartner in a research note on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, four 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 an average rating of “Hold” and a consensus price target of $518.00.

Gartner Trading Down 0.1 %

Shares of IT stock opened at $401.69 on Monday. The company has a market cap of $30.86 billion, a PE ratio of 25.06, a price-to-earnings-growth ratio of 3.30 and a beta of 1.26. Gartner, Inc. has a 12 month low of $366.05 and a 12 month high of $584.01. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. The business’s 50 day moving average is $448.64 and its two-hundred day moving average is $492.60.

Gartner (NYSE:IT) last issued 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. Gartner had a return on equity of 116.56% and a net margin of 20.00%. The company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.69 billion. During the same period in the previous year, the company earned $3.04 earnings per share. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. Equities analysts predict that Gartner, Inc. will post 12.5 EPS for the current year.

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.