Gartner, Inc. (NYSE:IT) Shares Sold by Graypoint LLC

Graypoint LLC decreased its holdings in shares of Gartner, Inc. (NYSE:IT) by 19.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 985 shares of the information technology services provider’s stock after selling 234 shares during the quarter. Graypoint LLC’s holdings in Gartner were worth $477,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Eastern Bank acquired a new stake in Gartner during the third quarter worth approximately $26,000. Ashton Thomas Securities LLC acquired a new stake in Gartner during the 3rd quarter worth $44,000. True Wealth Design LLC lifted its position in Gartner by 2,350.0% in the third quarter. True Wealth Design LLC now owns 98 shares of the information technology services provider’s stock valued at $50,000 after acquiring an additional 94 shares during the last quarter. Fortitude Family Office LLC boosted its stake in Gartner by 23.8% in the third quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider’s stock valued at $53,000 after acquiring an additional 20 shares in the last quarter. Finally, Asset Dedication LLC grew its holdings in shares of Gartner by 46.5% during the third quarter. Asset Dedication LLC now owns 148 shares of the information technology services provider’s stock worth $75,000 after purchasing an additional 47 shares during the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on IT. Deutsche Bank Aktiengesellschaft upped their target price on Gartner from $529.00 to $531.00 and gave the company a “hold” rating in a research report on Wednesday, November 6th. Morgan Stanley lifted their target price on shares of Gartner from $560.00 to $564.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Robert W. Baird increased their price target on shares of Gartner from $565.00 to $590.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Wells Fargo & Company lowered their price objective on shares of Gartner from $470.00 to $460.00 and set an “underweight” rating on the stock in a research report on Friday. Finally, StockNews.com raised shares of Gartner from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Gartner currently has an average rating of “Hold” and a consensus price target of $551.88.

Insiders Place Their Bets

In related news, Director James C. Smith sold 10,000 shares of Gartner stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $535.76, for a total transaction of $5,357,600.00. Following the completion of the transaction, the director now directly owns 554,274 shares of the company’s stock, valued at approximately $296,957,838.24. The trade was a 1.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Claire Herkes sold 411 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $521.24, for a total value of $214,229.64. Following the completion of the sale, the executive vice president now directly owns 1,494 shares in the company, valued at $778,732.56. This trade represents a 21.57 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 35,583 shares of company stock worth $19,241,974. 3.60% of the stock is owned by corporate insiders.

Gartner Stock Down 1.3 %

Shares of NYSE:IT opened at $488.91 on Friday. Gartner, Inc. has a fifty-two week low of $411.15 and a fifty-two week high of $559.00. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.31. The firm’s 50-day simple moving average is $509.76 and its 200-day simple moving average is $496.27. The company has a market cap of $37.71 billion, a price-to-earnings ratio of 36.06, a PEG ratio of 3.18 and a beta of 1.33.

Gartner (NYSE:IT) last released its earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.45 by $0.05. The company had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Gartner had a return on equity of 118.27% and a net margin of 17.33%. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.56 EPS. As a group, equities research analysts predict that Gartner, Inc. will post 11.87 earnings per share for the current year.

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.