Assetmark Inc. Has $1.32 Million Stock Holdings in Gartner, Inc. (NYSE:IT)

Assetmark Inc. lowered its stake in shares of Gartner, Inc. (NYSE:IT - Free Report) by 46.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,729 shares of the information technology services provider's stock after selling 2,415 shares during the period. Assetmark Inc.'s holdings in Gartner were worth $1,322,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Fisher Funds Management LTD acquired a new position in Gartner during the fourth quarter worth $97,518,000. Proficio Capital Partners LLC bought a new position in Gartner in the 4th quarter valued at about $95,762,000. Assenagon Asset Management S.A. boosted its stake in Gartner by 208.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 272,267 shares of the information technology services provider's stock valued at $131,905,000 after purchasing an additional 183,974 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in Gartner during the 3rd quarter worth approximately $70,955,000. Finally, Principal Financial Group Inc. raised its stake in shares of Gartner by 5.5% in the third quarter. Principal Financial Group Inc. now owns 2,001,142 shares of the information technology services provider's stock worth $1,014,099,000 after purchasing an additional 103,814 shares during the last quarter. Institutional investors own 91.51% of the company's stock.

Gartner Price Performance

Shares of NYSE IT opened at $466.63 on Wednesday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.81. The stock has a fifty day simple moving average of $509.57 and a two-hundred day simple moving average of $510.31. Gartner, Inc. has a 1-year low of $411.15 and a 1-year high of $584.01. The firm has a market cap of $35.85 billion, a price-to-earnings ratio of 29.11, a price-to-earnings-growth ratio of 3.30 and a beta of 1.29.

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Gartner (NYSE:IT - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share for the quarter, topping the consensus estimate of $3.22 by $2.23. The company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.69 billion. Gartner had a return on equity of 116.56% and a net margin of 20.00%. The firm's revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter last year, the firm posted $3.04 EPS. Analysts anticipate that Gartner, Inc. will post 12.5 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on IT. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Gartner in a research report on Tuesday, February 4th. StockNews.com upgraded shares of Gartner from a "hold" rating to a "buy" rating in a research note on Wednesday, March 5th. Wells Fargo & Company dropped their price target on shares of Gartner from $470.00 to $460.00 and set an "underweight" rating on the stock in a research report on Friday, January 10th. Barclays raised shares of Gartner from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $525.00 to $600.00 in a research report on Friday, January 10th. Finally, Robert W. Baird lifted their target price on shares of Gartner from $579.00 to $605.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $552.63.

Insider Transactions at Gartner

In related 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 transaction of $47,745.90. Following the completion of the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Eileen Serra sold 1,200 shares of the company's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $489.77, for a total value of $587,724.00. Following the completion of the transaction, the director now owns 1,627 shares in the company, valued at $796,855.79. This represents a 42.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.60% of the company's stock.

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.

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