Gartner, Inc. (NYSE:IT) Stock Position Reduced by Sapient Capital LLC

Sapient Capital LLC trimmed its position in Gartner, Inc. (NYSE:IT) by 1.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,862 shares of the information technology services provider’s stock after selling 209 shares during the quarter. Sapient Capital LLC’s holdings in Gartner were worth $7,025,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in IT. ORG Wealth Partners LLC acquired a new stake in Gartner during the third quarter worth about $324,000. Procyon Advisors LLC grew its holdings in shares of Gartner by 10.9% during the third quarter. Procyon Advisors LLC now owns 2,603 shares of the information technology services provider’s stock valued at $1,319,000 after purchasing an additional 256 shares during the last quarter. Matrix Asset Advisors Inc. NY acquired a new stake in shares of Gartner during the 3rd quarter worth approximately $203,000. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of Gartner by 500.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 600 shares of the information technology services provider’s stock worth $304,000 after purchasing an additional 500 shares during the last quarter. Finally, Contravisory Investment Management Inc. boosted its position in Gartner by 5.3% during the 3rd quarter. Contravisory Investment Management Inc. now owns 1,960 shares of the information technology services provider’s stock valued at $993,000 after purchasing an additional 99 shares during the period. 91.51% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Gartner

In other Gartner news, CEO Eugene A. Hall sold 34,060 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $505.40, for a total transaction of $17,213,924.00. Following the sale, the chief executive officer now directly owns 1,143,401 shares of the company’s stock, valued at $577,874,865.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Eugene A. Hall sold 34,060 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $505.40, for a total transaction of $17,213,924.00. Following the transaction, the chief executive officer now directly owns 1,143,401 shares in the company, valued at $577,874,865.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Claire Herkes sold 478 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $506.01, for a total value of $241,872.78. Following the sale, the executive vice president now owns 1,905 shares of the company’s stock, valued at approximately $963,949.05. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 65,164 shares of company stock valued at $32,601,014. 3.60% of the stock is currently owned by corporate insiders.

Gartner Price Performance

NYSE IT opened at $524.57 on Monday. Gartner, Inc. has a 12 month low of $323.61 and a 12 month high of $524.77. The firm has a market capitalization of $40.72 billion, a PE ratio of 51.86, a P/E/G ratio of 3.23 and a beta of 1.32. The company’s 50 day simple moving average is $495.34 and its 200 day simple moving average is $466.13. The company has a debt-to-equity ratio of 3.80, a current ratio of 0.90 and a quick ratio of 0.90.

Gartner (NYSE:IT) last posted its quarterly earnings data on Tuesday, July 30th. The information technology services provider reported $3.22 earnings per share for the quarter, beating the consensus estimate of $3.02 by $0.20. Gartner had a net margin of 13.67% and a return on equity of 142.05%. The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same quarter last year, the firm posted $2.85 EPS. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. As a group, equities research analysts forecast that Gartner, Inc. will post 11.65 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on IT. Wells Fargo & Company upgraded Gartner to a “strong sell” rating in a research note on Tuesday, August 13th. Bank of America boosted their target price on shares of Gartner from $525.00 to $580.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. UBS Group raised their price target on shares of Gartner from $510.00 to $580.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Robert W. Baird boosted their price objective on Gartner from $517.00 to $565.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Finally, StockNews.com cut Gartner from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $529.29.

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.