Gartner, Inc. (NYSE:IT) Shares Sold by Checchi Capital Advisers LLC

Checchi Capital Advisers LLC decreased its holdings in Gartner, Inc. (NYSE:IT) by 10.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,379 shares of the information technology services provider’s stock after selling 156 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Gartner were worth $668,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Kestra Investment Management LLC acquired a new position in Gartner in the fourth quarter worth approximately $29,000. Ashton Thomas Securities LLC purchased a new position in Gartner during the 3rd quarter worth approximately $44,000. True Wealth Design LLC grew its position in Gartner by 2,350.0% during the 3rd quarter. True Wealth Design LLC now owns 98 shares of the information technology services provider’s stock worth $50,000 after purchasing an additional 94 shares in the last quarter. Fortitude Family Office LLC grew its position in Gartner by 23.8% during the 3rd quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider’s stock worth $53,000 after purchasing an additional 20 shares in the last quarter. Finally, Capital Performance Advisors LLP purchased a new position in Gartner during the 3rd quarter worth approximately $77,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on IT. Barclays upgraded shares of Gartner from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $525.00 to $600.00 in a research report on Friday, January 10th. Morgan Stanley lowered their price objective on shares of Gartner from $564.00 to $555.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 16th. Robert W. Baird lifted their price objective on shares of Gartner from $579.00 to $605.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Gartner from $529.00 to $531.00 and gave the company a “hold” rating in a report on Wednesday, November 6th. Finally, StockNews.com cut shares of Gartner from a “buy” rating to a “hold” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $552.63.

Gartner Trading Down 1.0 %

Gartner stock opened at $498.05 on Thursday. The company’s fifty day simple moving average is $509.78 and its 200-day simple moving average is $509.80. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. Gartner, Inc. has a 12 month low of $411.15 and a 12 month high of $584.01. The stock has a market cap of $38.26 billion, a P/E ratio of 31.07, a P/E/G ratio of 3.30 and a beta of 1.34.

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

Insider Activity at Gartner

In related news, Director Eileen Serra sold 1,200 shares of Gartner stock in a transaction on Monday, February 24th. The shares were sold at an average price of $489.77, for a total value of $587,724.00. Following the completion of the sale, the director now owns 1,627 shares of the company’s stock, valued at approximately $796,855.79. The trade was a 42.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP John J. Rinello sold 90 shares of the business’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $530.51, for a total transaction of $47,745.90. Following the transaction, the senior vice president now directly owns 3,259 shares of the company’s stock, valued at approximately $1,728,932.09. This represents a 2.69 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,479 shares of company stock valued at $734,419. 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.