Livforsakringsbolaget Skandia Omsesidigt Trims Stock Position in Gartner, Inc. (NYSE:IT)

Livforsakringsbolaget Skandia Omsesidigt decreased its position in shares of Gartner, Inc. (NYSE:IT) by 16.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 500 shares of the information technology services provider’s stock after selling 100 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Gartner were worth $242,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Eastern Bank purchased a new position in Gartner during the 3rd quarter worth approximately $26,000. Ashton Thomas Securities LLC purchased a new position in shares of Gartner during the third quarter worth approximately $44,000. True Wealth Design LLC increased its holdings in shares of Gartner by 2,350.0% in the 3rd 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 period. Fortitude Family Office LLC raised its position in Gartner by 23.8% in the 3rd quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider’s stock valued at $53,000 after purchasing an additional 20 shares during the last quarter. Finally, Asset Dedication LLC boosted its stake in Gartner by 46.5% during the 3rd 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 period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Gartner Price Performance

Shares of NYSE IT opened at $528.93 on Friday. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.02. Gartner, Inc. has a one year low of $411.15 and a one year high of $584.01. The firm has a market capitalization of $40.80 billion, a P/E ratio of 39.01, a PEG ratio of 3.37 and a beta of 1.34. The company’s fifty day moving average is $509.71 and its two-hundred day moving average is $506.06.

Gartner (NYSE:IT) last issued its earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share for the quarter, topping the consensus estimate of $3.22 by $2.23. Gartner had a net margin of 17.33% and a return on equity of 118.27%. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same period in the prior year, the business posted $3.04 earnings per share. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. Analysts forecast that Gartner, Inc. will post 11.87 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Robert W. Baird upped their target price on shares of Gartner from $579.00 to $605.00 and gave the company an “outperform” rating in a report on Wednesday. Morgan Stanley reduced their price objective on Gartner from $564.00 to $555.00 and set an “equal weight” rating for the company in a research note on Thursday, January 16th. Barclays upgraded Gartner from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $525.00 to $600.00 in a research note on Friday, January 10th. Wells Fargo & Company decreased their price target on Gartner from $470.00 to $460.00 and set an “underweight” rating for the company in a report on Friday, January 10th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Gartner from $529.00 to $531.00 and gave the company a “hold” rating in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $552.63.

Insider Activity at Gartner

In related news, Director James C. Smith sold 5,000 shares of Gartner stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $524.02, for a total transaction of $2,620,100.00. Following the completion of the transaction, the director now directly owns 509,457 shares in the company, valued at $266,965,657.14. The trade was a 0.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Claire Herkes sold 411 shares of the company’s stock in a transaction that occurred 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 approximately $778,732.56. The trade was a 21.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,050 shares of company stock valued at $4,292,245 in the last ninety days. Corporate insiders own 3.60% of the company’s stock.

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.