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

Paradiem LLC lowered its stake in shares of Gartner, Inc. (NYSE:IT) by 17.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 10,592 shares of the information technology services provider’s stock after selling 2,267 shares during the period. Paradiem LLC’s holdings in Gartner were worth $4,778,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in IT. Global Retirement Partners LLC boosted its stake in Gartner by 204.4% during the 3rd quarter. Global Retirement Partners LLC now owns 137 shares of the information technology services provider’s stock valued at $48,000 after purchasing an additional 92 shares during the period. Private Trust Co. NA raised its position in Gartner by 32.9% in the third quarter. Private Trust Co. NA now owns 202 shares of the information technology services provider’s stock worth $69,000 after acquiring an additional 50 shares in the last quarter. Czech National Bank lifted its holdings in Gartner by 47.3% in the 3rd quarter. Czech National Bank now owns 13,777 shares of the information technology services provider’s stock valued at $4,734,000 after acquiring an additional 4,421 shares during the last quarter. Valeo Financial Advisors LLC boosted its position in shares of Gartner by 12.2% during the 3rd quarter. Valeo Financial Advisors LLC now owns 816 shares of the information technology services provider’s stock valued at $280,000 after purchasing an additional 89 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in shares of Gartner by 32.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 5,371 shares of the information technology services provider’s stock worth $1,846,000 after purchasing an additional 1,310 shares during the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Insider Transactions at Gartner

In other news, EVP Claire Herkes sold 1,460 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $475.76, for a total value of $694,609.60. Following the transaction, the executive vice president now directly owns 2,842 shares of the company’s stock, valued at approximately $1,352,109.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Akhil Jain sold 250 shares of Gartner stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $464.55, for a total transaction of $116,137.50. Following the transaction, the executive vice president now owns 5,239 shares of the company’s stock, valued at approximately $2,433,777.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Claire Herkes sold 1,460 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $475.76, for a total transaction of $694,609.60. Following the completion of the transaction, the executive vice president now directly owns 2,842 shares of the company’s stock, valued at approximately $1,352,109.92. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,952 shares of company stock valued at $10,598,070. 3.60% of the stock is owned by insiders.

Gartner Stock Performance

IT traded up $2.47 during trading on Friday, reaching $448.78. 292,240 shares of the company’s stock were exchanged, compared to its average volume of 324,262. The company has a market capitalization of $34.99 billion, a P/E ratio of 40.58, a PEG ratio of 4.12 and a beta of 1.29. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 3.60. The business has a 50 day moving average price of $464.87 and a 200 day moving average price of $438.46. Gartner, Inc. has a fifty-two week low of $293.73 and a fifty-two week high of $486.54.

Gartner (NYSE:IT) last posted its quarterly earnings results on Tuesday, February 6th. The information technology services provider reported $3.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.83 by $0.21. Gartner had a net margin of 14.94% and a return on equity of 156.35%. The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.59 billion. During the same quarter in the prior year, the business posted $3.70 earnings per share. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. As a group, analysts predict that Gartner, Inc. will post 11.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

IT has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft started coverage on Gartner in a research report on Tuesday, April 16th. They issued a “hold” rating and a $507.00 price target for the company. Morgan Stanley raised their price objective on shares of Gartner from $421.00 to $446.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 6th. StockNews.com downgraded shares of Gartner from a “buy” rating to a “hold” rating in a research note on Saturday, February 10th. BMO Capital Markets lifted their target price on Gartner from $444.00 to $450.00 and gave the company a “market perform” rating in a research note on Thursday, February 8th. Finally, UBS Group upgraded shares of Gartner from a “neutral” rating to a “buy” rating and upped their price objective for the company from $484.00 to $550.00 in a research note on Thursday, April 11th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $477.60.

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.