Gartner, Inc. (NYSE:IT) Shares Sold by Burns Matteson Capital Management LLC

Burns Matteson Capital Management LLC lowered its holdings in shares of Gartner, Inc. (NYSE:IT) by 3.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 813 shares of the information technology services provider’s stock after selling 28 shares during the period. Burns Matteson Capital Management LLC’s holdings in Gartner were worth $394,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Czech National Bank increased its holdings in shares of Gartner by 6.5% in the fourth quarter. Czech National Bank now owns 16,725 shares of the information technology services provider’s stock valued at $8,103,000 after purchasing an additional 1,028 shares during the period. Assetmark Inc. increased its stake in Gartner by 70.0% in the 3rd quarter. Assetmark Inc. now owns 5,144 shares of the information technology services provider’s stock valued at $2,607,000 after buying an additional 2,118 shares during the period. ING Groep NV raised its position in Gartner by 38.4% during the 3rd quarter. ING Groep NV now owns 10,306 shares of the information technology services provider’s stock worth $5,223,000 after buying an additional 2,860 shares during the last quarter. Conestoga Capital Advisors LLC lifted its stake in shares of Gartner by 1.5% in the 4th quarter. Conestoga Capital Advisors LLC now owns 31,626 shares of the information technology services provider’s stock worth $15,322,000 after acquiring an additional 480 shares during the period. Finally, Barclays PLC boosted its holdings in shares of Gartner by 8.6% in the third quarter. Barclays PLC now owns 166,787 shares of the information technology services provider’s stock valued at $84,520,000 after acquiring an additional 13,205 shares in the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Gartner news, EVP Claire Herkes sold 411 shares of Gartner stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 1,494 shares of the company’s stock, valued at $778,732.56. The trade was a 21.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP William James Wartinbee III sold 189 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $523.54, for a total transaction of $98,949.06. Following the sale, the executive vice president now owns 7,311 shares of the company’s stock, valued at approximately $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. In the last ninety days, insiders have sold 5,600 shares of company stock valued at $2,933,279. 3.60% of the stock is currently owned by company insiders.

Gartner Trading Down 1.0 %

Shares of Gartner stock opened at $528.93 on Monday. The firm has a market cap of $40.80 billion, a PE ratio of 33.00, a P/E/G ratio of 3.50 and a beta of 1.34. The business’s fifty day moving average is $509.93 and its two-hundred day moving average is $507.08. Gartner, Inc. has a fifty-two week low of $411.15 and a fifty-two week 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.

Gartner (NYSE:IT) last posted 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 net margin of 20.00% and a return on equity of 136.32%. The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter in the prior year, the company posted $3.04 EPS. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. Analysts anticipate that Gartner, Inc. will post 12.5 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Wells Fargo & Company reduced their price objective on shares of Gartner from $470.00 to $460.00 and set an “underweight” rating for the company in a research note on Friday, January 10th. Morgan Stanley lowered their target price on Gartner from $564.00 to $555.00 and set an “equal weight” rating on the stock in a report on Thursday, January 16th. Barclays upgraded shares of 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. Robert W. Baird raised their target price on shares of Gartner from $579.00 to $605.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Gartner from $529.00 to $531.00 and gave the company a “hold” rating in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $552.63.

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.