Equitable Trust Co. Has $1.06 Million Stock Holdings in Gartner, Inc. (NYSE:IT)

Equitable Trust Co. lessened its stake in Gartner, Inc. (NYSE:IT) by 4.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,352 shares of the information technology services provider’s stock after selling 105 shares during the quarter. Equitable Trust Co.’s holdings in Gartner were worth $1,056,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Sheaff Brock Investment Advisors LLC grew its stake in Gartner by 0.5% in the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 4,900 shares of the information technology services provider’s stock valued at $2,210,000 after acquiring an additional 22 shares during the period. TIAA Trust National Association grew its holdings in shares of Gartner by 3.2% during the first quarter. TIAA Trust National Association now owns 744 shares of the information technology services provider’s stock worth $355,000 after buying an additional 23 shares in the last quarter. Mather Group LLC. raised its position in Gartner by 2.2% in the 2nd quarter. Mather Group LLC. now owns 1,079 shares of the information technology services provider’s stock valued at $514,000 after buying an additional 23 shares during the last quarter. Coldstream Capital Management Inc. boosted its position in Gartner by 1.5% during the 4th quarter. Coldstream Capital Management Inc. now owns 1,715 shares of the information technology services provider’s stock worth $774,000 after acquiring an additional 25 shares during the last quarter. Finally, Mcdonald Partners LLC boosted its position in Gartner by 0.5% during the 2nd quarter. Mcdonald Partners LLC now owns 5,550 shares of the information technology services provider’s stock worth $2,492,000 after acquiring an additional 25 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insider Buying and Selling at Gartner

In related news, EVP Yvonne Genovese sold 443 shares of Gartner stock in a transaction on Monday, August 26th. The shares were sold at an average price of $483.62, for a total transaction of $214,243.66. Following the completion of the transaction, the executive vice president now owns 1,959 shares of the company’s stock, valued at $947,411.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP Yvonne Genovese sold 443 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $483.62, for a total transaction of $214,243.66. Following the transaction, the executive vice president now owns 1,959 shares in the company, valued at $947,411.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Craig Safian sold 6,310 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $483.57, for a total value of $3,051,326.70. Following the completion of the sale, the chief financial officer now owns 71,544 shares of the company’s stock, valued at $34,596,532.08. The disclosure for this sale can be found here. In the last quarter, insiders have sold 33,123 shares of company stock worth $15,796,036. Insiders own 3.60% of the company’s stock.

Gartner Stock Performance

NYSE:IT opened at $491.96 on Monday. Gartner, Inc. has a twelve month low of $323.61 and a twelve month high of $509.15. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 3.80. The stock’s 50-day simple moving average is $467.82 and its 200 day simple moving average is $457.81. The firm has a market capitalization of $38.19 billion, a PE ratio of 48.95, a price-to-earnings-growth ratio of 3.83 and a beta of 1.33.

Gartner (NYSE:IT) last posted its quarterly earnings results on Tuesday, July 30th. The information technology services provider reported $3.22 earnings per share for the quarter, beating analysts’ consensus estimates of $3.02 by $0.20. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.58 billion. Gartner had a net margin of 13.67% and a return on equity of 142.05%. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period last year, the company posted $2.85 EPS. On average, analysts anticipate that Gartner, Inc. will post 11.59 EPS for the current fiscal year.

Wall Street Analyst Weigh In

IT has been the subject of several recent research reports. StockNews.com cut Gartner from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. BMO Capital Markets increased their price target on shares of Gartner from $450.00 to $510.00 and gave the company a “market perform” rating in a research note on Wednesday, July 31st. Wells Fargo & Company upgraded shares of Gartner to a “strong sell” rating in a research note on Tuesday, August 13th. Robert W. Baird raised their target price on shares of Gartner from $517.00 to $565.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Finally, Morgan Stanley boosted their price target on Gartner from $440.00 to $470.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $521.00.

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.