Nvwm LLC Lowers Stake in Gartner, Inc. (NYSE:IT)

Nvwm LLC cut its holdings in Gartner, Inc. (NYSE:IT) by 17.4% during the third quarter, HoldingsChannel reports. The firm owned 2,186 shares of the information technology services provider’s stock after selling 461 shares during the period. Nvwm LLC’s holdings in Gartner were worth $1,108,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Russell Investments Group Ltd. raised its stake in Gartner by 11.4% during the 1st quarter. Russell Investments Group Ltd. now owns 25,063 shares of the information technology services provider’s stock valued at $11,987,000 after acquiring an additional 2,560 shares during the last quarter. Transcend Capital Advisors LLC purchased a new stake in shares of Gartner during the second quarter worth approximately $512,000. Tidal Investments LLC lifted its holdings in shares of Gartner by 24.4% during the first quarter. Tidal Investments LLC now owns 9,890 shares of the information technology services provider’s stock worth $4,717,000 after purchasing an additional 1,940 shares during the period. Magnetar Financial LLC acquired a new stake in shares of Gartner during the first quarter worth $1,049,000. Finally, Vident Advisory LLC grew its position in Gartner by 543.2% in the 1st quarter. Vident Advisory LLC now owns 9,178 shares of the information technology services provider’s stock valued at $4,375,000 after buying an additional 7,751 shares during the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Robert W. Baird raised their target price on shares of Gartner from $517.00 to $565.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. UBS Group lifted their price objective on Gartner from $510.00 to $580.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. BMO Capital Markets increased their target price on Gartner from $450.00 to $510.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 31st. Morgan Stanley lifted their price target on Gartner from $490.00 to $528.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. Finally, Bank of America increased their price objective on Gartner from $525.00 to $580.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Gartner presently has a consensus rating of “Hold” and an average target price of $532.86.

Insiders Place Their Bets

In other news, CEO Eugene A. Hall sold 34,060 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $505.40, for a total value of $17,213,924.00. Following the completion of the transaction, the chief executive officer now owns 1,143,401 shares in the company, valued at $577,874,865.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, EVP Claire Herkes sold 478 shares of the company’s stock in a transaction that occurred 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Eugene A. Hall sold 34,060 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $505.40, for a total value of $17,213,924.00. Following the transaction, 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 51,582 shares of company stock worth $25,743,407. 3.60% of the stock is owned by corporate insiders.

Gartner Price Performance

Shares of IT traded up $1.19 on Friday, reaching $503.69. The stock had a trading volume of 424,921 shares, compared to its average volume of 211,928. Gartner, Inc. has a twelve month low of $332.59 and a twelve month high of $535.29. The firm has a market capitalization of $38.81 billion, a PE ratio of 47.97, a PEG ratio of 3.12 and a beta of 1.32. The firm has a 50-day moving average of $508.33 and a 200 day moving average of $471.55. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 3.80.

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.