Gartner, Inc. (NYSE:IT) Shares Sold by Baker Tilly Wealth Management LLC

Baker Tilly Wealth Management LLC lowered its position in shares of Gartner, Inc. (NYSE:IT) by 5.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,080 shares of the information technology services provider’s stock after selling 64 shares during the quarter. Baker Tilly Wealth Management LLC’s holdings in Gartner were worth $523,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Eastern Bank acquired a new position in Gartner during the third quarter worth about $26,000. Ashton Thomas Securities LLC acquired a new position in shares of Gartner during the 3rd quarter worth approximately $44,000. True Wealth Design LLC grew its holdings in shares of 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 valued at $50,000 after purchasing an additional 94 shares during the period. Fortitude Family Office LLC raised its position in shares of 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 buying an additional 20 shares during the period. Finally, Asset Dedication LLC raised 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 valued at $75,000 after purchasing an additional 47 shares during the period. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Insider Transactions at Gartner

In other Gartner news, Director James C. Smith sold 17,533 shares of Gartner stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $547.09, for a total value of $9,592,128.97. Following the transaction, the director now owns 532,294 shares in the company, valued at approximately $291,212,724.46. The trade was a 3.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Claire Herkes sold 411 shares of Gartner stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $521.24, for a total value of $214,229.64. Following the transaction, the executive vice president now directly owns 1,494 shares in the company, valued at approximately $778,732.56. This trade represents a 21.57 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 35,583 shares of company stock worth $19,241,974. Company insiders own 3.60% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company decreased their price objective on shares of Gartner from $470.00 to $460.00 and set an “underweight” rating for the company in a research report on Friday. Deutsche Bank Aktiengesellschaft increased their price objective on Gartner from $529.00 to $531.00 and gave the company a “hold” rating in a report on Wednesday, November 6th. Morgan Stanley raised their price objective on Gartner from $560.00 to $564.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Robert W. Baird raised their price target on Gartner from $565.00 to $590.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Finally, Barclays upgraded shares of Gartner from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $525.00 to $600.00 in a research note on Friday. One analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $551.88.

Gartner Stock Down 0.6 %

Shares of IT traded down $3.04 during midday trading on Friday, hitting $492.40. The company had a trading volume of 61,181 shares, compared to its average volume of 344,430. 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, Inc. has a 52 week low of $411.15 and a 52 week high of $559.00. The company’s 50 day moving average price is $510.05 and its 200 day moving average price is $495.69. The stock has a market cap of $37.98 billion, a price-to-earnings ratio of 36.31, a PEG ratio of 3.18 and a beta of 1.33.

Gartner (NYSE:IT) last released its earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.45 by $0.05. The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.48 billion. Gartner had a net margin of 17.33% and a return on equity of 118.27%. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.56 earnings per share. On average, equities research analysts predict that Gartner, Inc. will post 11.87 EPS for the current 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.