Aurora Investment Managers LLC. Cuts Stake in Gartner, Inc. (NYSE:IT)

Aurora Investment Managers LLC. cut its position in Gartner, Inc. (NYSE:IT) by 2.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,504 shares of the information technology services provider’s stock after selling 125 shares during the period. Gartner makes up about 1.3% of Aurora Investment Managers LLC.’s investment portfolio, making the stock its 25th largest holding. Aurora Investment Managers LLC.’s holdings in Gartner were worth $2,182,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Baron Wealth Management LLC raised its position in shares of Gartner by 4.1% during the third quarter. Baron Wealth Management LLC now owns 481 shares of the information technology services provider’s stock valued at $244,000 after buying an additional 19 shares during the last quarter. Fortitude Family Office LLC grew its stake in Gartner by 23.8% during the third quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider’s stock valued at $53,000 after acquiring an additional 20 shares in the last quarter. Harbor Capital Advisors Inc. increased its holdings in Gartner by 2.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 917 shares of the information technology services provider’s stock valued at $444,000 after acquiring an additional 22 shares during the last quarter. Wallace Advisory Group LLC lifted its stake in Gartner by 2.4% in the 2nd quarter. Wallace Advisory Group LLC now owns 980 shares of the information technology services provider’s stock worth $440,000 after purchasing an additional 23 shares in the last quarter. Finally, Trust Point Inc. boosted its holdings in shares of Gartner by 3.2% during the 3rd quarter. Trust Point Inc. now owns 746 shares of the information technology services provider’s stock valued at $378,000 after purchasing an additional 23 shares during the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Insider Activity

In other Gartner news, EVP William James Wartinbee III sold 189 shares of the company’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $523.54, for a total value of $98,949.06. Following the transaction, the executive vice president now directly owns 7,311 shares in the company, valued at $3,827,600.94. This represents a 2.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James C. Smith sold 2,450 shares of Gartner stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $554.68, for a total transaction of $1,358,966.00. Following the sale, the director now directly owns 529,844 shares of the company’s stock, valued at $293,893,869.92. This represents a 0.46 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 35,583 shares of company stock valued at $19,241,974. 3.60% of the stock is currently owned by insiders.

Gartner Stock Up 0.8 %

NYSE IT opened at $516.34 on Tuesday. Gartner, Inc. has a 52 week low of $411.15 and a 52 week high of $559.00. The firm has a market capitalization of $39.83 billion, a price-to-earnings ratio of 38.08, a PEG ratio of 2.72 and a beta of 1.33. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.31. The company has a fifty day moving average of $506.84 and a two-hundred day moving average of $499.22.

Gartner (NYSE:IT) last released its quarterly earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $2.45 by $0.05. The firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Gartner had a net margin of 17.33% and a return on equity of 118.27%. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the previous year, the company earned $2.56 EPS. On average, analysts predict that Gartner, Inc. will post 11.87 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Barclays raised Gartner from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $525.00 to $600.00 in a report on Friday, January 10th. Robert W. Baird upped their price objective on Gartner from $565.00 to $590.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Morgan Stanley lowered their target price on Gartner from $564.00 to $555.00 and set an “equal weight” rating for the company in a research report on Thursday, January 16th. Wells Fargo & Company reduced their price target on shares of Gartner from $470.00 to $460.00 and set an “underweight” rating on the stock in a research report on Friday, January 10th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Gartner from $529.00 to $531.00 and gave the company a “hold” rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $550.75.

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.