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

Wrapmanager Inc. lessened its position in Gartner, Inc. (NYSE:IT) by 4.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,419 shares of the information technology services provider’s stock after selling 64 shares during the quarter. Wrapmanager Inc.’s holdings in Gartner were worth $640,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of IT. Altshuler Shaham Ltd acquired a new stake in Gartner during the fourth quarter valued at approximately $67,000. Picton Mahoney Asset Management lifted its position in shares of Gartner by 4.7% during the 4th quarter. Picton Mahoney Asset Management now owns 35,472 shares of the information technology services provider’s stock valued at $16,000,000 after acquiring an additional 1,594 shares during the last quarter. Blue Barn Wealth LLC bought a new stake in shares of Gartner during the 4th quarter worth $215,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Gartner by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 461,813 shares of the information technology services provider’s stock worth $208,328,000 after acquiring an additional 10,828 shares during the last quarter. Finally, Apollon Wealth Management LLC raised its position in shares of Gartner by 25.7% during the fourth quarter. Apollon Wealth Management LLC now owns 1,101 shares of the information technology services provider’s stock worth $497,000 after purchasing an additional 225 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on IT. Deutsche Bank Aktiengesellschaft initiated 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 target price on shares of Gartner from $421.00 to $446.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 6th. Robert W. Baird cut their price target on shares of Gartner from $536.00 to $517.00 and set an “outperform” rating on the stock in a report on Wednesday, May 1st. BMO Capital Markets decreased their price objective on shares of Gartner from $450.00 to $432.00 and set a “market perform” rating for the company in a research note on Thursday, May 2nd. Finally, UBS Group lowered their price objective on shares of Gartner from $550.00 to $510.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $474.50.

Gartner Stock Up 0.6 %

Shares of IT stock traded up $2.48 during trading on Thursday, hitting $436.75. 355,621 shares of the company were exchanged, compared to its average volume of 407,849. The business’s 50-day simple moving average is $460.34 and its 200 day simple moving average is $442.64. Gartner, Inc. has a twelve month low of $302.74 and a twelve month high of $486.54. The firm has a market capitalization of $34.05 billion, a price-to-earnings ratio of 43.46, a P/E/G ratio of 3.44 and a beta of 1.32. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.91 and a current ratio of 0.91.

Gartner (NYSE:IT) last issued its earnings results on Tuesday, April 30th. The information technology services provider reported $2.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.53 by $0.40. Gartner had a net margin of 13.35% and a return on equity of 141.55%. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same quarter last year, the business posted $2.88 EPS. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. As a group, analysts forecast that Gartner, Inc. will post 11.55 EPS for the current fiscal year.

Insider Buying and Selling

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