Stephens Inc. AR Trims Stock Holdings in Gartner, Inc. (NYSE:IT)

Stephens Inc. AR lowered its holdings in Gartner, Inc. (NYSE:IT) by 32.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,557 shares of the information technology services provider’s stock after selling 741 shares during the period. Stephens Inc. AR’s holdings in Gartner were worth $754,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. CX Institutional raised its position in shares of Gartner by 2.0% during the 3rd quarter. CX Institutional now owns 1,197 shares of the information technology services provider’s stock worth $607,000 after purchasing an additional 24 shares during the period. Creative Planning increased its position in shares of Gartner by 13.9% during the 3rd quarter. Creative Planning now owns 10,735 shares of the information technology services provider’s stock valued at $5,440,000 after purchasing an additional 1,307 shares during the period. Asset Dedication LLC boosted its stake in shares of Gartner by 46.5% during the 3rd quarter. Asset Dedication LLC now owns 148 shares of the information technology services provider’s stock worth $75,000 after acquiring an additional 47 shares in the last quarter. Vontobel Holding Ltd. boosted its stake in shares of Gartner by 1.8% during the 3rd quarter. Vontobel Holding Ltd. now owns 10,134 shares of the information technology services provider’s stock worth $5,136,000 after acquiring an additional 182 shares in the last quarter. Finally, Hengehold Capital Management LLC boosted its stake in shares of Gartner by 27.0% during the 3rd quarter. Hengehold Capital Management LLC now owns 598 shares of the information technology services provider’s stock worth $303,000 after acquiring an additional 127 shares in the last quarter. Institutional investors own 91.51% of the company’s stock.

Insider Activity at Gartner

In other Gartner news, SVP John J. Rinello sold 90 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $530.51, for a total transaction of $47,745.90. Following the transaction, the senior vice president now directly owns 3,259 shares in the company, valued at $1,728,932.09. This trade represents a 2.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James C. Smith sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $524.02, for a total value of $2,620,100.00. Following the transaction, the director now owns 509,457 shares in the company, valued at approximately $266,965,657.14. This trade represents a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,690 shares of company stock valued at $2,981,025. Insiders own 3.60% of the company’s stock.

Gartner Price Performance

IT opened at $517.03 on Friday. The stock has a market cap of $39.88 billion, a price-to-earnings ratio of 32.25, a PEG ratio of 3.50 and a beta of 1.34. Gartner, Inc. has a 1 year low of $411.15 and a 1 year high of $584.01. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. The stock has a fifty day moving average price of $510.12 and a 200 day moving average price of $507.95.

Gartner (NYSE:IT) last released its quarterly earnings data on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.22 by $2.23. The firm had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.69 billion. Gartner had a return on equity of 136.32% and a net margin of 20.00%. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter last year, the firm earned $3.04 earnings per share. Analysts forecast that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Wall Street Analyst Weigh In

IT has been the subject of several research reports. Wells Fargo & Company reduced their price objective on Gartner from $470.00 to $460.00 and set an “underweight” rating for the company in a research note on Friday, January 10th. Deutsche Bank Aktiengesellschaft raised their price objective on Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a research note on Wednesday, November 6th. StockNews.com raised Gartner from a “hold” rating to a “buy” rating in a research note on Wednesday. Robert W. Baird raised their price objective on Gartner from $579.00 to $605.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Finally, Morgan Stanley reduced their price objective on 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 research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $552.63.

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.