V Square Quantitative Management LLC Sells 89 Shares of Gartner, Inc. (NYSE:IT)

V Square Quantitative Management LLC trimmed its holdings in shares of Gartner, Inc. (NYSE:IT) by 4.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,726 shares of the information technology services provider’s stock after selling 89 shares during the quarter. V Square Quantitative Management LLC’s holdings in Gartner were worth $836,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in IT. Eastern Bank purchased a new stake in Gartner during the third quarter valued at $26,000. Ashton Thomas Securities LLC bought a new position in Gartner during the 3rd quarter worth about $44,000. True Wealth Design LLC boosted its holdings in shares of Gartner by 2,350.0% in the 3rd quarter. True Wealth Design LLC now owns 98 shares of the information technology services provider’s stock valued at $50,000 after buying an additional 94 shares in the last quarter. Fortitude Family Office LLC boosted its holdings in shares of Gartner by 23.8% in the 3rd quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider’s stock valued at $53,000 after buying an additional 20 shares in the last quarter. Finally, Asset Dedication LLC raised its position in shares of Gartner by 46.5% in the 3rd quarter. Asset Dedication LLC now owns 148 shares of the information technology services provider’s stock valued at $75,000 after purchasing an additional 47 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company cut their target price on shares of Gartner from $470.00 to $460.00 and set an “underweight” rating for the company in a report on Friday, January 10th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Gartner from $529.00 to $531.00 and gave the company a “hold” rating in a report on Wednesday, November 6th. StockNews.com upgraded shares of Gartner from a “hold” rating to a “buy” rating in a research note on Wednesday. Barclays raised Gartner from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $525.00 to $600.00 in a research report on Friday, January 10th. Finally, Robert W. Baird upped their price target on Gartner from $579.00 to $605.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $552.63.

Insider Activity

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

Gartner Stock Down 0.4 %

Shares of Gartner stock opened at $515.34 on Friday. The firm has a market capitalization of $39.75 billion, a PE ratio of 32.15, a price-to-earnings-growth ratio of 3.50 and a beta of 1.34. Gartner, Inc. has a 12-month low of $411.15 and a 12-month high of $584.01. 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 stock’s fifty day moving average is $510.09 and its 200-day moving average is $508.32.

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

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.