Gartner, Inc. (NYSE:IT) Stock Position Reduced by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. decreased its stake in shares of Gartner, Inc. (NYSE:IT) by 2.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,739 shares of the information technology services provider’s stock after selling 57 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Gartner were worth $1,236,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of IT. Fox Run Management L.L.C. bought a new stake in Gartner during the third quarter valued at about $230,000. RFG Advisory LLC grew its holdings in shares of Gartner by 37.2% during the fourth quarter. RFG Advisory LLC now owns 1,589 shares of the information technology services provider’s stock worth $717,000 after buying an additional 431 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in Gartner by 169.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 37,708 shares of the information technology services provider’s stock worth $17,010,000 after acquiring an additional 23,701 shares during the period. Chapin Davis Inc. acquired a new stake in Gartner during the 4th quarter valued at $960,000. Finally, Stifel Financial Corp increased its stake in Gartner by 32.6% during 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 period. Institutional investors own 91.51% of the company’s stock.

Insider Activity at Gartner

In related news, EVP Claire Herkes sold 1,460 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $475.76, for a total value of $694,609.60. Following the sale, the executive vice president now owns 2,842 shares in the company, valued at approximately $1,352,109.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Claire Herkes sold 1,460 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were 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 in the company, valued at $1,352,109.92. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James C. Smith sold 10,000 shares of Gartner stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $459.68, for a total transaction of $4,596,800.00. Following the completion of the transaction, the director now directly owns 623,235 shares of the company’s stock, valued at $286,488,664.80. The disclosure for this sale can be found here. Insiders have sold 22,952 shares of company stock valued at $10,598,070 over the last ninety days. Corporate insiders own 3.60% of the company’s stock.

Gartner Stock Up 1.0 %

Shares of NYSE:IT traded up $4.29 during trading on Monday, hitting $432.93. The company’s stock had a trading volume of 17,143 shares, compared to its average volume of 406,451. The company has a market capitalization of $33.76 billion, a PE ratio of 42.65, a P/E/G ratio of 3.44 and a beta of 1.32. Gartner, Inc. has a fifty-two week low of $300.94 and a fifty-two week high of $486.54. The business has a 50 day moving average price of $462.52 and a two-hundred day moving average price of $441.53. 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 (NYSE:IT) last released its earnings results on Tuesday, April 30th. The information technology services provider reported $2.93 earnings per share for the quarter, topping the consensus estimate of $2.53 by $0.40. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.47 billion. Gartner had a net margin of 13.35% and a return on equity of 141.55%. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period last year, the firm posted $2.88 earnings per share. As a group, research analysts expect that Gartner, Inc. will post 11.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

IT has been the topic of several recent analyst reports. UBS Group reduced their price objective on shares of Gartner from $550.00 to $510.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. Morgan Stanley raised their target price on Gartner from $421.00 to $446.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 6th. Robert W. Baird decreased their price objective on Gartner from $536.00 to $517.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 1st. BMO Capital Markets cut their price target on Gartner from $450.00 to $432.00 and set a “market perform” rating for the company in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Gartner in a research report on Tuesday, April 16th. They issued a “hold” rating and a $507.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $474.50.

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.