Amalgamated Bank Has $7.82 Million Stock Holdings in Gartner, Inc. (NYSE:IT)

Amalgamated Bank lowered its stake in Gartner, Inc. (NYSE:IT) by 2.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 16,130 shares of the information technology services provider’s stock after selling 328 shares during the period. Amalgamated Bank’s holdings in Gartner were worth $7,815,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of IT. Fisher Funds Management LTD bought a new stake in Gartner during the fourth quarter worth $97,518,000. Assenagon Asset Management S.A. raised its holdings in shares of Gartner by 208.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 272,267 shares of the information technology services provider’s stock valued at $131,905,000 after purchasing an additional 183,974 shares during the period. Point72 Asset Management L.P. bought a new stake in shares of Gartner in the 3rd quarter valued at about $70,955,000. Principal Financial Group Inc. lifted its stake in Gartner by 5.5% in the 3rd quarter. Principal Financial Group Inc. now owns 2,001,142 shares of the information technology services provider’s stock valued at $1,014,099,000 after purchasing an additional 103,814 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new position in Gartner during the third quarter worth about $36,789,000. Institutional investors own 91.51% of the company’s stock.

Gartner Price Performance

NYSE:IT opened at $498.05 on Thursday. Gartner, Inc. has a 52 week low of $411.15 and a 52 week high of $584.01. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.06 and a current ratio of 1.06. The firm’s 50-day simple moving average is $509.78 and its 200 day simple moving average is $509.80. The firm has a market cap of $38.26 billion, a price-to-earnings ratio of 31.07, a P/E/G ratio of 3.30 and a beta of 1.34.

Gartner (NYSE:IT) last announced its earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.22 by $2.23. Gartner had a net margin of 20.00% and a return on equity of 116.56%. The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same quarter in the prior year, the business posted $3.04 EPS. The business’s revenue was up 8.1% compared to the same quarter last year. As a group, sell-side analysts predict that Gartner, Inc. will post 12.5 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have issued reports on IT. Deutsche Bank Aktiengesellschaft upped their price objective on Gartner from $529.00 to $531.00 and gave the company a “hold” rating in a research note on Wednesday, November 6th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Gartner in a report on Tuesday, February 4th. StockNews.com downgraded shares of Gartner from a “buy” rating to a “hold” rating in a report on Tuesday. Barclays upgraded shares of Gartner from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $525.00 to $600.00 in a research note on Friday, January 10th. Finally, Robert W. Baird upped their price target on shares of Gartner from $579.00 to $605.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $552.63.

Insiders Place Their Bets

In other Gartner news, EVP William James Wartinbee III sold 189 shares of the stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $523.54, for a total transaction of $98,949.06. Following the sale, the executive vice president now directly owns 7,311 shares in the company, valued at $3,827,600.94. This represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP John J. Rinello sold 90 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $530.51, for a total transaction of $47,745.90. Following the completion of the transaction, the senior vice president now directly owns 3,259 shares in the company, valued at approximately $1,728,932.09. This represents a 2.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,479 shares of company stock worth $734,419 in the last 90 days. Company insiders own 3.60% of the company’s stock.

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.