Schechter Investment Advisors LLC Sells 278 Shares of Gartner, Inc. (NYSE:IT)

Schechter Investment Advisors LLC cut its holdings in shares of Gartner, Inc. (NYSE:IT) by 10.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,419 shares of the information technology services provider’s stock after selling 278 shares during the period. Schechter Investment Advisors LLC’s holdings in Gartner were worth $1,091,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Fox Run Management L.L.C. bought a new stake in Gartner during the 3rd quarter worth approximately $230,000. Chapin Davis Inc. bought a new stake in Gartner during the 4th quarter worth approximately $960,000. Stifel Financial Corp boosted its position in Gartner by 32.6% in the 3rd quarter. Stifel Financial Corp now owns 33,817 shares of the information technology services provider’s stock valued at $11,620,000 after buying an additional 8,319 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in Gartner by 60.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 323,573 shares of the information technology services provider’s stock valued at $111,183,000 after buying an additional 122,248 shares during the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc bought a new position in Gartner in the 4th quarter valued at $13,934,000. 91.51% of the stock is currently owned by institutional investors.

Gartner Stock Performance

Shares of Gartner stock opened at $481.12 on Thursday. The company has a market capitalization of $37.51 billion, a PE ratio of 43.50, a PEG ratio of 4.34 and a beta of 1.29. Gartner, Inc. has a 12 month low of $292.60 and a 12 month high of $486.54. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 3.60. The stock’s fifty day simple moving average is $464.22 and its 200 day simple moving average is $421.49.

Gartner (NYSE:IT) last issued its quarterly earnings data on Tuesday, February 6th. The information technology services provider reported $3.04 EPS for the quarter, topping the consensus estimate of $2.83 by $0.21. The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.59 billion. Gartner had a return on equity of 156.35% and a net margin of 14.94%. The firm’s revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the business posted $3.70 EPS. On average, research analysts predict that Gartner, Inc. will post 11.36 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have commented on the company. UBS Group increased their price objective on Gartner from $412.00 to $490.00 and gave the company a “neutral” rating in a research report on Tuesday, February 6th. Morgan Stanley increased their price objective on Gartner from $421.00 to $446.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 6th. Wells Fargo & Company increased their price objective on Gartner from $380.00 to $435.00 and gave the company an “overweight” rating in a research report on Friday, December 15th. StockNews.com downgraded Gartner from a “buy” rating to a “hold” rating in a research note on Saturday, February 10th. Finally, BMO Capital Markets increased their price target on Gartner from $444.00 to $450.00 and gave the company a “market perform” rating in a research note on Thursday, February 8th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $455.25.

Insider Buying and Selling

In other Gartner news, EVP Akhil Jain sold 250 shares of the stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $464.55, for a total transaction of $116,137.50. Following the completion of the transaction, the executive vice president now owns 5,239 shares in the company, valued at approximately $2,433,777.45. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Gartner news, EVP Akhil Jain sold 250 shares of the stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $464.55, for a total transaction of $116,137.50. Following the completion of the transaction, the executive vice president now owns 5,239 shares in the company, valued at approximately $2,433,777.45. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Valentin Sribar sold 682 shares of the stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $453.00, for a total value of $308,946.00. Following the transaction, the executive vice president now owns 12,269 shares of the company’s stock, valued at approximately $5,557,857. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,952 shares of company stock valued at $10,598,070. 3.90% of the stock is owned by company insiders.

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.