Gartner, Inc. (NYSE:IT) Shares Sold by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC lowered its stake in shares of Gartner, Inc. (NYSE:IT) by 21.7% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 118,821 shares of the information technology services provider’s stock after selling 32,874 shares during the period. Gartner comprises about 1.0% of Wedge Capital Management L L P NC’s portfolio, making the stock its 15th largest holding. Wedge Capital Management L L P NC owned 0.15% of Gartner worth $60,214,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Central Pacific Bank Trust Division purchased a new stake in shares of Gartner during the 1st quarter worth about $36,000. Crewe Advisors LLC grew its holdings in Gartner by 223.3% in the second quarter. Crewe Advisors LLC now owns 97 shares of the information technology services provider’s stock valued at $44,000 after purchasing an additional 67 shares during the period. J.Safra Asset Management Corp increased its position in shares of Gartner by 58.7% in the first quarter. J.Safra Asset Management Corp now owns 146 shares of the information technology services provider’s stock valued at $70,000 after buying an additional 54 shares in the last quarter. Rothschild Investment LLC acquired a new position in shares of Gartner during the 2nd quarter worth approximately $94,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Gartner by 16.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 275 shares of the information technology services provider’s stock valued at $131,000 after buying an additional 38 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Analyst Upgrades and Downgrades

IT has been the topic of a number of research reports. Robert W. Baird raised their price target 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. UBS Group raised their target price on Gartner from $510.00 to $580.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Wells Fargo & Company boosted their price target on Gartner from $435.00 to $460.00 and gave the stock an “underweight” rating in a research report on Monday. BMO Capital Markets raised their price objective on Gartner from $450.00 to $510.00 and gave the company a “market perform” rating in a report on Wednesday, July 31st. Finally, Bank of America upped their target price on shares of Gartner from $525.00 to $580.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Gartner presently has an average rating of “Hold” and an average target price of $532.86.

Gartner Trading Up 0.8 %

Gartner stock traded up $4.39 during midday trading on Monday, reaching $525.61. 21,255 shares of the stock traded hands, compared to its average volume of 375,333. The firm has a market cap of $40.80 billion, a PE ratio of 52.24, a price-to-earnings-growth ratio of 3.23 and a beta of 1.32. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 3.80. The company has a 50-day simple moving average of $495.34 and a two-hundred day simple moving average of $466.13. Gartner, Inc. has a 12-month low of $323.61 and a 12-month high of $526.70.

Gartner (NYSE:IT) last issued its quarterly earnings results on Tuesday, July 30th. The information technology services provider reported $3.22 EPS for the quarter, beating the consensus estimate of $3.02 by $0.20. The company had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Gartner had a net margin of 13.67% and a return on equity of 142.05%. The firm’s revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the company posted $2.85 EPS. Research analysts expect that Gartner, Inc. will post 11.65 earnings per share for the current fiscal year.

Insider Buying and Selling at Gartner

In other news, EVP Alwyn Dawkins sold 1,000 shares of the business’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $505.49, for a total value of $505,490.00. Following the completion of the sale, the executive vice president now directly owns 56,650 shares of the company’s stock, valued at approximately $28,636,008.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Alwyn Dawkins sold 1,000 shares of the stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $505.49, for a total transaction of $505,490.00. Following the completion of the sale, the executive vice president now owns 56,650 shares in the company, valued at approximately $28,636,008.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Karen E. Dykstra sold 1,683 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $465.55, for a total value of $783,520.65. Following the sale, the director now directly owns 19,825 shares of the company’s stock, valued at approximately $9,229,528.75. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 65,164 shares of company stock worth $32,601,014 over the last three months. Insiders own 3.60% of the company’s stock.

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.