Gartner, Inc. (NYSE:IT) Holdings Trimmed by Ballentine Partners LLC

Ballentine Partners LLC lowered its position in shares of Gartner, Inc. (NYSE:IT) by 10.3% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 427 shares of the information technology services provider’s stock after selling 49 shares during the period. Ballentine Partners LLC’s holdings in Gartner were worth $216,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Gartner by 0.7% during the first quarter. Vanguard Group Inc. now owns 8,974,760 shares of the information technology services provider’s stock valued at $4,277,999,000 after purchasing an additional 60,786 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Gartner by 22.0% in the 2nd quarter. Principal Financial Group Inc. now owns 1,897,328 shares of the information technology services provider’s stock worth $852,014,000 after acquiring an additional 341,911 shares in the last quarter. Findlay Park Partners LLP lifted its stake in Gartner by 5.7% in the 1st quarter. Findlay Park Partners LLP now owns 678,121 shares of the information technology services provider’s stock worth $323,240,000 after acquiring an additional 36,400 shares in the last quarter. Bessemer Group Inc. lifted its stake in Gartner by 1.3% in the 1st quarter. Bessemer Group Inc. now owns 609,945 shares of the information technology services provider’s stock worth $290,742,000 after acquiring an additional 7,852 shares in the last quarter. Finally, Sustainable Growth Advisers LP purchased a new stake in Gartner in the 2nd quarter worth about $266,541,000. Institutional investors own 91.51% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. BMO Capital Markets increased their price objective on Gartner from $450.00 to $510.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 31st. UBS Group increased their price objective on Gartner from $510.00 to $580.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. StockNews.com downgraded Gartner from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Morgan Stanley raised their price target on Gartner from $490.00 to $528.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. Finally, Bank of America raised their price target on Gartner from $525.00 to $580.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $532.86.

Insider Activity

In other news, CEO Eugene A. Hall sold 34,060 shares of Gartner stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $505.40, for a total value of $17,213,924.00. Following the completion of the sale, the chief executive officer now directly owns 1,143,401 shares of the company’s stock, valued at approximately $577,874,865.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Gartner news, Director Karen E. Dykstra sold 1,683 shares of Gartner stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $465.55, for a total transaction of $783,520.65. Following the transaction, the director now directly owns 19,825 shares in the company, valued at approximately $9,229,528.75. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Eugene A. Hall sold 34,060 shares of Gartner stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $505.40, for a total value of $17,213,924.00. Following the transaction, the chief executive officer now owns 1,143,401 shares in the company, valued at approximately $577,874,865.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 51,582 shares of company stock valued at $25,743,407. Company insiders own 3.60% of the company’s stock.

Gartner Trading Up 0.7 %

Shares of IT opened at $518.25 on Wednesday. The stock has a fifty day moving average price of $505.95 and a two-hundred day moving average price of $470.26. The company has a debt-to-equity ratio of 3.80, a quick ratio of 0.90 and a current ratio of 0.90. Gartner, Inc. has a 52-week low of $324.98 and a 52-week high of $535.29. The company has a market cap of $40.23 billion, a price-to-earnings ratio of 51.57, a PEG ratio of 3.25 and a beta of 1.32.

Gartner (NYSE:IT) last issued its quarterly earnings data on Tuesday, July 30th. The information technology services provider reported $3.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.02 by $0.20. Gartner had a return on equity of 142.05% and a net margin of 13.67%. The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter in the previous year, the company posted $2.85 EPS. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. Analysts predict that Gartner, Inc. will post 11.65 EPS for the current fiscal year.

Gartner 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.