GenTrust LLC Buys 29 Shares of Gartner, Inc. (NYSE:IT)

GenTrust LLC increased its stake in shares of Gartner, Inc. (NYSE:IT) by 7.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 443 shares of the information technology services provider’s stock after acquiring an additional 29 shares during the quarter. GenTrust LLC’s holdings in Gartner were worth $215,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Private Advisor Group LLC increased its holdings in Gartner by 71.3% in the 3rd quarter. Private Advisor Group LLC now owns 901 shares of the information technology services provider’s stock valued at $456,000 after buying an additional 375 shares during the period. Nisa Investment Advisors LLC increased its holdings in Gartner by 12.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 20,080 shares of the information technology services provider’s stock valued at $10,176,000 after buying an additional 2,147 shares during the period. abrdn plc increased its holdings in Gartner by 4.7% in the 3rd quarter. abrdn plc now owns 49,593 shares of the information technology services provider’s stock valued at $25,097,000 after buying an additional 2,225 shares during the period. First Trust Direct Indexing L.P. increased its holdings in Gartner by 5.2% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 2,557 shares of the information technology services provider’s stock valued at $1,296,000 after buying an additional 126 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. increased its holdings in Gartner by 20.8% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 261 shares of the information technology services provider’s stock valued at $132,000 after buying an additional 45 shares during the period. Institutional investors own 91.51% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on IT. StockNews.com lowered shares of Gartner from a “buy” rating to a “hold” rating in a report on Tuesday. Morgan Stanley reduced their target price on shares of Gartner from $564.00 to $555.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 16th. Wells Fargo & Company reduced their target price on shares of Gartner from $470.00 to $460.00 and set an “underweight” rating on the stock in a research note on Friday, January 10th. The Goldman Sachs Group restated a “buy” rating on shares of Gartner in a research note on Tuesday, February 4th. Finally, Robert W. Baird boosted their target price on shares of Gartner from $579.00 to $605.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $552.63.

Insider Buying and Selling

In other Gartner news, 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 completion of the sale, the executive vice president now directly owns 7,311 shares of the company’s stock, valued at approximately $3,827,600.94. The trade was a 2.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 of the company’s stock, valued at $1,728,932.09. This represents a 2.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,479 shares of company stock worth $734,419 in the last 90 days. Corporate insiders own 3.60% of the company’s stock.

Gartner Stock Down 1.4 %

Shares of NYSE IT opened at $491.38 on Friday. The firm’s 50-day simple moving average is $509.78 and its 200 day simple moving average is $509.80. The company has a market cap of $37.75 billion, a price-to-earnings ratio of 30.65, a price-to-earnings-growth ratio of 3.30 and a beta of 1.34. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. Gartner, Inc. has a 12-month low of $411.15 and a 12-month high of $584.01.

Gartner (NYSE:IT) last issued its quarterly earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $2.23. The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.69 billion. Gartner had a net margin of 20.00% and a return on equity of 116.56%. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.04 EPS. On average, research analysts expect that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Gartner Company 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.