Gartner, Inc. (NYSE:IT) Holdings Raised by Greenleaf Trust

Greenleaf Trust boosted its position in shares of Gartner, Inc. (NYSE:IT) by 2.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,636 shares of the information technology services provider’s stock after purchasing an additional 32 shares during the period. Greenleaf Trust’s holdings in Gartner were worth $793,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Eastern Bank acquired a new position in Gartner in the 3rd quarter worth about $26,000. Ashton Thomas Securities LLC acquired a new position in Gartner during the 3rd quarter worth $44,000. True Wealth Design LLC boosted its stake in Gartner by 2,350.0% during the 3rd quarter. True Wealth Design LLC now owns 98 shares of the information technology services provider’s stock valued at $50,000 after purchasing an additional 94 shares during the period. Fortitude Family Office LLC boosted its position in shares of Gartner by 23.8% in 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 during the period. Finally, Asset Dedication LLC grew its position in Gartner by 46.5% in the 3rd quarter. Asset Dedication LLC now owns 148 shares of the information technology services provider’s stock worth $75,000 after purchasing an additional 47 shares during the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Barclays upgraded Gartner from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $525.00 to $600.00 in a research report on Friday, January 10th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Gartner from $529.00 to $531.00 and gave the company a “hold” rating in a research note on Wednesday, November 6th. StockNews.com lowered shares of Gartner from a “buy” rating to a “hold” rating in a report on Tuesday. Wells Fargo & Company lowered their target price on Gartner from $470.00 to $460.00 and set an “underweight” rating for the company in a research note on Friday, January 10th. Finally, Morgan Stanley dropped their price target on shares of Gartner from $564.00 to $555.00 and set an “equal weight” rating for the company in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $550.75.

Gartner Stock Down 0.3 %

Shares of Gartner stock opened at $546.38 on Wednesday. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.02 and a quick ratio of 1.02. The business has a 50-day moving average of $508.97 and a two-hundred day moving average of $505.61. Gartner, Inc. has a 1 year low of $411.15 and a 1 year high of $584.01. The company has a market capitalization of $42.14 billion, a P/E ratio of 40.29, a price-to-earnings-growth ratio of 3.37 and a beta of 1.34.

Gartner (NYSE:IT) last released its earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.22 by $2.23. Gartner had a return on equity of 118.27% and a net margin of 17.33%. The firm had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.69 billion. During the same quarter in the prior year, the company earned $3.04 EPS. The company’s revenue was up 8.1% on a year-over-year basis. As a group, equities analysts predict that Gartner, Inc. will post 11.87 EPS for the current year.

Insider Transactions at Gartner

In other Gartner news, EVP Claire Herkes sold 411 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $521.24, for a total transaction of $214,229.64. Following the sale, the executive vice president now directly owns 1,494 shares of the company’s stock, valued at approximately $778,732.56. This represents a 21.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP William James Wartinbee III sold 189 shares of the business’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $523.54, for a total transaction of $98,949.06. Following the transaction, the executive vice president now owns 7,311 shares in the company, valued at $3,827,600.94. This represents a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,583 shares of company stock valued at $13,884,374 over the last 90 days. 3.60% of the stock is owned by corporate insiders.

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.