National Bank of Canada FI Sells 1,483 Shares of Gartner, Inc. (NYSE:IT)

National Bank of Canada FI lessened its stake in Gartner, Inc. (NYSE:IT) by 6.1% during the fourth quarter, HoldingsChannel reports. The firm owned 22,678 shares of the information technology services provider’s stock after selling 1,483 shares during the period. National Bank of Canada FI’s holdings in Gartner were worth $9,916,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Principal Financial Group Inc. boosted its holdings in Gartner by 30.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,565,046 shares of the information technology services provider’s stock worth $537,766,000 after buying an additional 364,128 shares during the period. American Century Companies Inc. lifted its holdings in Gartner by 888.4% during the 3rd quarter. American Century Companies Inc. now owns 300,106 shares of the information technology services provider’s stock worth $103,119,000 after purchasing an additional 269,744 shares in the last quarter. Eagle Asset Management Inc. bought a new position in Gartner in the 3rd quarter worth about $83,588,000. Allspring Global Investments Holdings LLC grew its holdings in Gartner by 384.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 201,553 shares of the information technology services provider’s stock valued at $69,257,000 after buying an additional 159,989 shares in the last quarter. Finally, Artisan Partners Limited Partnership bought a new stake in shares of Gartner during the third quarter valued at about $48,614,000. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Gartner Stock Performance

NYSE IT opened at $434.27 on Thursday. The company has a market capitalization of $33.86 billion, a P/E ratio of 43.21, a P/E/G ratio of 3.44 and a beta of 1.32. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.91 and a current ratio of 0.91. Gartner, Inc. has a 52-week low of $301.78 and a 52-week high of $486.54. The company has a fifty day moving average of $460.91 and a 200-day moving average of $442.68.

Gartner (NYSE:IT) last posted its quarterly earnings data on Tuesday, April 30th. The information technology services provider reported $2.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.53 by $0.40. The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Gartner had a return on equity of 141.55% and a net margin of 13.35%. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the prior year, the business earned $2.88 EPS. As a group, equities research analysts predict that Gartner, Inc. will post 11.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Robert W. Baird cut their price objective on shares of Gartner from $536.00 to $517.00 and set an “outperform” rating for the company in a research report on Wednesday, May 1st. StockNews.com raised shares of Gartner from a “hold” rating to a “buy” rating in a report on Thursday, May 2nd. Morgan Stanley upped their price target on shares of Gartner from $421.00 to $446.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 6th. UBS Group dropped their price objective on Gartner from $550.00 to $510.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. Finally, BMO Capital Markets decreased their target price on Gartner from $450.00 to $432.00 and set a “market perform” rating on the stock in a research note on Thursday, May 2nd. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $474.50.

Insider Buying and Selling at Gartner

In other news, EVP Valentin Sribar sold 682 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $453.00, for a total value of $308,946.00. Following the completion of the sale, the executive vice president now directly owns 12,269 shares in the company, valued at approximately $5,557,857. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, EVP Claire Herkes sold 1,460 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $475.76, for a total transaction of $694,609.60. Following the transaction, the executive vice president now directly owns 2,842 shares of the company’s stock, valued at $1,352,109.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Valentin Sribar sold 682 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $453.00, for a total value of $308,946.00. Following the completion of the sale, the executive vice president now directly owns 12,269 shares of the company’s stock, valued at approximately $5,557,857. The disclosure for this sale can be found here. Insiders have sold 22,952 shares of company stock worth $10,598,070 over the last ninety days. 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.