Gartner, Inc. (NYSE:IT) Shares Sold by Larson Financial Group LLC

Larson Financial Group LLC trimmed its position in shares of Gartner, Inc. (NYSE:IT) by 23.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 664 shares of the information technology services provider’s stock after selling 206 shares during the period. Larson Financial Group LLC’s holdings in Gartner were worth $322,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in Gartner during the 4th quarter worth $165,476,000. Fisher Funds Management LTD purchased a new stake in Gartner during the 4th quarter worth $97,518,000. Proficio Capital Partners LLC purchased a new stake in Gartner during the 4th quarter worth $95,762,000. Assenagon Asset Management S.A. boosted its position in Gartner by 208.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 272,267 shares of the information technology services provider’s stock worth $131,905,000 after purchasing an additional 183,974 shares during the period. Finally, Point72 Asset Management L.P. purchased a new stake in Gartner during the 3rd quarter worth $70,955,000. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Eileen Serra sold 1,200 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $489.77, for a total transaction of $587,724.00. Following the sale, the director now owns 1,627 shares in the company, valued at $796,855.79. This represents a 42.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP John J. Rinello sold 90 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $530.51, for a total transaction of $47,745.90. Following the sale, the senior vice president now owns 3,259 shares in the company, valued at approximately $1,728,932.09. This trade represents a 2.69 % decrease in their position. The disclosure for this sale can be found here. 3.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

IT has been the subject of a number of research reports. Robert W. Baird upped their price target 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. Barclays raised shares of Gartner from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $525.00 to $600.00 in a research report on Friday, January 10th. Morgan Stanley decreased their price objective on shares of Gartner from $564.00 to $555.00 and set an “equal weight” rating for the company in a research report on Thursday, January 16th. StockNews.com raised shares of Gartner from a “hold” rating to a “buy” rating in a research report on Wednesday, March 5th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Gartner in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Gartner has an average rating of “Moderate Buy” and an average target price of $552.63.

Gartner Stock Performance

Shares of IT stock opened at $471.46 on Tuesday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.06 and a current ratio of 1.06. Gartner, Inc. has a one year low of $411.15 and a one year high of $584.01. The company’s 50-day simple moving average is $509.85 and its 200-day simple moving average is $510.35. The stock has a market capitalization of $36.22 billion, a price-to-earnings ratio of 29.41, a PEG ratio of 3.30 and a beta of 1.29.

Gartner (NYSE:IT) last issued its quarterly earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 EPS for the quarter, topping the consensus estimate of $3.22 by $2.23. The business had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.69 billion. Gartner had a net margin of 20.00% and a return on equity of 116.56%. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the company posted $3.04 earnings per share. Equities analysts anticipate that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

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.