Mcdonald Partners LLC Has $2.53 Million Stock Position in Gartner, Inc. (NYSE:IT)

Mcdonald Partners LLC cut its position in Gartner, Inc. (NYSE:IT) by 2.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,225 shares of the information technology services provider’s stock after selling 125 shares during the period. Mcdonald Partners LLC’s holdings in Gartner were worth $2,531,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in IT. Baron Wealth Management LLC increased its stake in shares of Gartner by 4.1% in the third quarter. Baron Wealth Management LLC now owns 481 shares of the information technology services provider’s stock valued at $244,000 after buying an additional 19 shares in the last quarter. Fortitude Family Office LLC grew its holdings in Gartner by 23.8% during the 3rd quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider’s stock worth $53,000 after acquiring an additional 20 shares during the last quarter. Gilbert & Cook Inc. increased its position in Gartner by 1.5% in the 4th quarter. Gilbert & Cook Inc. now owns 1,364 shares of the information technology services provider’s stock valued at $661,000 after acquiring an additional 20 shares in the last quarter. Harbor Capital Advisors Inc. raised its stake in shares of Gartner by 2.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 917 shares of the information technology services provider’s stock worth $444,000 after acquiring an additional 22 shares during the last quarter. Finally, Western Financial Corp CA raised its stake in shares of Gartner by 1.0% in the fourth quarter. Western Financial Corp CA now owns 2,259 shares of the information technology services provider’s stock worth $1,094,000 after acquiring an additional 23 shares during the last quarter. 91.51% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director James C. Smith sold 5,000 shares of the company’s stock in a transaction on 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 completion of the transaction, the director now directly owns 509,457 shares of the company’s stock, valued at approximately $266,965,657.14. This represents a 0.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP John J. Rinello sold 90 shares of Gartner stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $530.51, for a total value of $47,745.90. Following the completion of the sale, the senior vice president now directly owns 3,259 shares in the company, valued at $1,728,932.09. This represents a 2.69 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,690 shares of company stock worth $2,981,025. Company insiders own 3.60% of the company’s stock.

Wall Street Analyst Weigh In

IT has been the subject of a number of research reports. Wells Fargo & Company lowered their price target 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. Morgan Stanley lowered their target price 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. StockNews.com upgraded Gartner from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th. Robert W. Baird raised 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. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Gartner has an average rating of “Hold” and an average price target of $552.63.

Gartner Trading Down 0.4 %

NYSE:IT opened at $515.34 on Tuesday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. Gartner, Inc. has a 1-year low of $411.15 and a 1-year high of $584.01. The firm has a market capitalization of $39.75 billion, a price-to-earnings ratio of 32.15, a PEG ratio of 3.50 and a beta of 1.34. The business’s 50-day moving average price is $510.10 and its two-hundred day moving average price is $508.59.

Gartner (NYSE:IT) last announced its quarterly earnings results 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 company had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.69 billion. During the same period in the prior year, the business posted $3.04 EPS. Gartner’s revenue was up 8.1% on a year-over-year basis. On average, equities analysts expect 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.