Gartner, Inc. (NYSE:IT) Shares Sold by Hartford Investment Management Co.

Hartford Investment Management Co. lowered its position in shares of Gartner, Inc. (NYSE:IT) by 1.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,765 shares of the information technology services provider’s stock after selling 92 shares during the period. Hartford Investment Management Co.’s holdings in Gartner were worth $2,308,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. CX Institutional raised its position in Gartner by 2.0% in the 3rd quarter. CX Institutional now owns 1,197 shares of the information technology services provider’s stock valued at $607,000 after purchasing an additional 24 shares during the last quarter. Creative Planning increased its stake in Gartner by 13.9% in the third quarter. Creative Planning now owns 10,735 shares of the information technology services provider’s stock valued at $5,440,000 after purchasing an additional 1,307 shares during the period. Asset Dedication LLC raised its holdings in shares of Gartner by 46.5% in the third quarter. Asset Dedication LLC now owns 148 shares of the information technology services provider’s stock valued at $75,000 after buying an additional 47 shares during the last quarter. Vontobel Holding Ltd. boosted its stake in shares of Gartner by 1.8% during the third quarter. Vontobel Holding Ltd. now owns 10,134 shares of the information technology services provider’s stock worth $5,136,000 after buying an additional 182 shares during the period. Finally, Hengehold Capital Management LLC grew its holdings in shares of Gartner by 27.0% during the third quarter. Hengehold Capital Management LLC now owns 598 shares of the information technology services provider’s stock worth $303,000 after buying an additional 127 shares during the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

Gartner Stock Up 0.6 %

Shares of NYSE IT opened at $517.03 on Friday. The stock has a market capitalization of $39.88 billion, a price-to-earnings ratio of 32.25, a price-to-earnings-growth ratio of 3.50 and a beta of 1.34. Gartner, Inc. has a 52 week low of $411.15 and a 52 week high of $584.01. The firm has a 50-day moving average price of $510.12 and a 200 day moving average price of $507.95. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.31.

Gartner (NYSE:IT) last posted its quarterly earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.22 by $2.23. The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.69 billion. Gartner had a net margin of 20.00% and a return on equity of 136.32%. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period last year, the firm earned $3.04 EPS. Equities research analysts anticipate that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Insiders Place Their Bets

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, SVP John J. Rinello sold 90 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $530.51, for a total value of $47,745.90. Following the completion of the sale, the senior vice president now directly owns 3,259 shares in the company, valued at approximately $1,728,932.09. The trade was a 2.69 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,690 shares of company stock worth $2,981,025. 3.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on IT shares. Barclays raised 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 note on Friday, January 10th. Robert W. Baird lifted their price objective on shares of Gartner from $579.00 to $605.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. Wells Fargo & Company lowered their target price on shares of Gartner from $470.00 to $460.00 and set an “underweight” rating on the stock in a report on Friday, January 10th. Finally, StockNews.com raised shares of Gartner from a “hold” rating to a “buy” rating in a report on Wednesday. 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 stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $552.63.

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.