Gartner, Inc. (NYSE:IT) Stake Lowered by Gitterman Wealth Management LLC

Gitterman Wealth Management LLC cut its stake in shares of Gartner, Inc. (NYSE:IT) by 12.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 578 shares of the information technology services provider’s stock after selling 83 shares during the quarter. Gitterman Wealth Management LLC’s holdings in Gartner were worth $261,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in IT. Global Retirement Partners LLC grew its holdings in shares of Gartner by 204.4% during the third quarter. Global Retirement Partners LLC now owns 137 shares of the information technology services provider’s stock valued at $48,000 after purchasing an additional 92 shares during the last quarter. Private Trust Co. NA boosted its position in shares of Gartner by 32.9% during the third quarter. Private Trust Co. NA now owns 202 shares of the information technology services provider’s stock worth $69,000 after buying an additional 50 shares during the period. Czech National Bank boosted its position in shares of Gartner by 47.3% during the third quarter. Czech National Bank now owns 13,777 shares of the information technology services provider’s stock worth $4,734,000 after buying an additional 4,421 shares during the period. Valeo Financial Advisors LLC boosted its position in shares of Gartner by 12.2% during the third quarter. Valeo Financial Advisors LLC now owns 816 shares of the information technology services provider’s stock worth $280,000 after buying an additional 89 shares during the period. Finally, Commonwealth Equity Services LLC boosted its position in shares of Gartner by 32.3% during the third quarter. Commonwealth Equity Services LLC now owns 5,371 shares of the information technology services provider’s stock worth $1,846,000 after buying an additional 1,310 shares during the period. 91.51% of the stock is owned by institutional investors.

Gartner Stock Performance

IT stock traded up $2.47 during mid-day trading on Friday, reaching $448.78. 292,240 shares of the stock traded hands, compared to its average volume of 324,262. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 3.60. The business has a 50-day moving average of $464.87 and a two-hundred day moving average of $438.46. Gartner, Inc. has a 52 week low of $293.73 and a 52 week high of $486.54. The firm has a market capitalization of $34.99 billion, a PE ratio of 40.58, a P/E/G ratio of 4.12 and a beta of 1.29.

Gartner (NYSE:IT) last released its earnings results on Tuesday, February 6th. The information technology services provider reported $3.04 earnings per share for the quarter, beating the consensus estimate of $2.83 by $0.21. Gartner had a net margin of 14.94% and a return on equity of 156.35%. The business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.59 billion. During the same quarter last year, the company earned $3.70 earnings per share. The firm’s revenue was up 6.3% on a year-over-year basis. As a group, equities analysts predict that Gartner, Inc. will post 11.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on IT. StockNews.com downgraded Gartner from a “buy” rating to a “hold” rating in a research report on Saturday, February 10th. Morgan Stanley upped their target price on Gartner from $421.00 to $446.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 6th. Deutsche Bank Aktiengesellschaft assumed coverage on Gartner in a research report on Tuesday, April 16th. They issued a “hold” rating and a $507.00 target price for the company. UBS Group upgraded Gartner from a “neutral” rating to a “buy” rating and upped their target price for the stock from $484.00 to $550.00 in a research report on Thursday, April 11th. Finally, BMO Capital Markets upped their price target on Gartner from $444.00 to $450.00 and gave the company a “market perform” rating in a report on Thursday, February 8th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Gartner presently has a consensus rating of “Hold” and an average price target of $477.60.

Insider Activity at Gartner

In related news, EVP Claire Herkes sold 1,460 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $475.76, for a total value of $694,609.60. Following the completion of the sale, the executive vice president now owns 2,842 shares in the company, valued at $1,352,109.92. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, EVP Akhil Jain sold 250 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $464.55, for a total value of $116,137.50. Following the sale, the executive vice president now owns 5,239 shares of the company’s stock, valued at approximately $2,433,777.45. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Claire Herkes sold 1,460 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $475.76, for a total value of $694,609.60. Following the completion of the sale, the executive vice president now directly owns 2,842 shares in the company, valued at approximately $1,352,109.92. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,952 shares of company stock worth $10,598,070. Company 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.