Wrapmanager Inc. Trims Stock Holdings in Gartner, Inc. (NYSE:IT)

Wrapmanager Inc. trimmed its holdings in shares of Gartner, Inc. (NYSE:IT) by 4.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,419 shares of the information technology services provider’s stock after selling 64 shares during the period. Wrapmanager Inc.’s holdings in Gartner were worth $640,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. Commonwealth Equity Services LLC increased 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 purchasing an additional 1,310 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in Gartner by 115.5% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 5,601 shares of the information technology services provider’s stock worth $1,925,000 after buying an additional 3,002 shares during the last quarter. Stratos Wealth Partners LTD. purchased a new stake in shares of Gartner in the third quarter valued at about $373,000. IFM Investors Pty Ltd increased its holdings in shares of Gartner by 1.4% during the 3rd quarter. IFM Investors Pty Ltd now owns 16,812 shares of the information technology services provider’s stock worth $5,777,000 after buying an additional 228 shares during the last quarter. Finally, Advisor Partners II LLC raised its position in Gartner by 2.4% in the third quarter. Advisor Partners II LLC now owns 3,885 shares of the information technology services provider’s stock valued at $1,335,000 after purchasing an additional 92 shares during the period. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Insider Buying and Selling at Gartner

In other Gartner news, EVP Akhil Jain sold 250 shares of the 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 completion of the transaction, the executive vice president now owns 5,239 shares in the company, valued at $2,433,777.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Gartner news, EVP Akhil Jain sold 250 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $464.55, for a total transaction of $116,137.50. Following the transaction, the executive vice president now directly owns 5,239 shares in the company, valued at $2,433,777.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Valentin Sribar sold 682 shares of Gartner stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $453.00, for a total transaction of $308,946.00. Following the sale, the executive vice president now owns 12,269 shares of the company’s stock, valued at $5,557,857. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,952 shares of company stock valued at $10,598,070. 3.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently commented on IT. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Gartner in a report on Tuesday, April 16th. They issued a “hold” rating and a $507.00 price objective on the stock. StockNews.com upgraded Gartner from a “hold” rating to a “buy” rating in a report on Thursday, May 2nd. UBS Group lowered their price objective on shares of Gartner from $550.00 to $510.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. Robert W. Baird reduced their target price on shares of Gartner from $536.00 to $517.00 and set an “outperform” rating on the stock in a report on Wednesday, May 1st. Finally, Morgan Stanley boosted their price target on shares of Gartner from $421.00 to $446.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 6th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $474.50.

Gartner Stock Performance

Gartner stock traded up $2.48 during midday trading on Thursday, hitting $436.75. 355,621 shares of the company’s stock were exchanged, compared to its average volume of 407,849. The firm’s 50 day simple moving average is $460.34 and its 200 day simple moving average is $442.64. Gartner, Inc. has a 12-month low of $302.74 and a 12-month high of $486.54. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a market cap of $34.05 billion, a price-to-earnings ratio of 43.46, a price-to-earnings-growth ratio of 3.44 and a beta of 1.32.

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