Gartner, Inc. (NYSE:IT) Shares Sold by Barclays PLC

Barclays PLC cut its holdings in shares of Gartner, Inc. (NYSE:IT) by 5.0% in the 4th quarter, Holdings Channel reports. The firm owned 158,399 shares of the information technology services provider’s stock after selling 8,388 shares during the period. Barclays PLC’s holdings in Gartner were worth $76,740,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Kestra Investment Management LLC bought a new position in shares of Gartner in the fourth quarter valued at $29,000. SBI Securities Co. Ltd. acquired a new stake in shares of Gartner during the fourth quarter worth $49,000. Promus Capital LLC purchased a new stake in shares of Gartner during the fourth quarter valued at $57,000. Hurley Capital LLC acquired a new position in shares of Gartner in the 4th quarter valued at $73,000. Finally, Global Retirement Partners LLC increased its stake in Gartner by 14.0% in the 4th quarter. Global Retirement Partners LLC now owns 276 shares of the information technology services provider’s stock worth $134,000 after purchasing an additional 34 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Morgan Stanley reduced their price objective on shares of Gartner from $564.00 to $555.00 and set an “equal weight” rating for the company in a research note on Thursday, January 16th. UBS Group lowered their price objective on shares of Gartner from $565.00 to $500.00 and set a “buy” rating on the stock in a research report on Tuesday, March 25th. Wells Fargo & Company cut their target price on shares of Gartner from $488.00 to $401.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 9th. Barclays decreased their target price on Gartner from $600.00 to $510.00 and set an “overweight” rating for the company in a research report on Friday, April 4th. Finally, StockNews.com lowered Gartner from a “buy” rating to a “hold” rating in a research report on Friday, March 21st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $518.00.

Gartner Stock Performance

Shares of NYSE IT opened at $402.96 on Thursday. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 1.06. Gartner, Inc. has a one year low of $366.05 and a one year high of $584.01. The business’s 50-day moving average price is $453.59 and its two-hundred day moving average price is $494.22. The company has a market capitalization of $30.95 billion, a P/E ratio of 25.14, a price-to-earnings-growth ratio of 3.30 and a beta of 1.26.

Gartner (NYSE:IT) last announced 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. The business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.69 billion. Gartner had a return on equity of 116.56% and a net margin of 20.00%. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.04 EPS. Analysts anticipate that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Gartner news, SVP John J. Rinello sold 90 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was 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 of the company’s stock, valued at $1,728,932.09. The trade was a 2.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Eileen Serra sold 1,200 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $489.77, for a total value of $587,724.00. Following the transaction, the director now directly owns 1,627 shares in the company, valued at approximately $796,855.79. This represents a 42.45 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.60% of the company’s stock.

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.