Gartner, Inc. (NYSE:IT) Shares Sold by Bank of Montreal Can

Bank of Montreal Can decreased its stake in Gartner, Inc. (NYSE:IT - Free Report) by 11.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 74,441 shares of the information technology services provider's stock after selling 9,256 shares during the period. Bank of Montreal Can owned approximately 0.10% of Gartner worth $36,064,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Kestra Investment Management LLC purchased a new stake in shares of Gartner in the 4th quarter worth about $29,000. SBI Securities Co. Ltd. acquired a new stake in shares of Gartner in the fourth quarter valued at approximately $49,000. Promus Capital LLC purchased a new position in shares of Gartner during the 4th quarter worth approximately $57,000. Hurley Capital LLC acquired a new position in shares of Gartner during the 4th quarter worth approximately $73,000. Finally, Global Retirement Partners LLC lifted its stake in Gartner by 14.0% in the 4th quarter. Global Retirement Partners LLC now owns 276 shares of the information technology services provider's stock valued at $134,000 after buying an additional 34 shares in the last quarter. Hedge funds and other institutional investors own 91.51% of the company's stock.

Wall Street Analysts Forecast Growth

IT has been the subject of several recent research reports. Wells Fargo & Company dropped their price target on Gartner from $488.00 to $401.00 and set an "underweight" rating for the company in a research report on Wednesday, April 9th. The Goldman Sachs Group reiterated a "buy" rating on shares of Gartner in a research report on Tuesday, February 4th. Robert W. Baird cut their target price on shares of Gartner from $605.00 to $557.00 and set an "outperform" rating for the company in a research note on Friday, March 21st. Morgan Stanley decreased their price target 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. Finally, UBS Group lowered their price target on shares of Gartner from $565.00 to $500.00 and set a "buy" rating for the company in a report on Tuesday, March 25th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Gartner presently has a consensus rating of "Hold" and an average target price of $518.00.

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Insiders Place Their Bets

In other Gartner news, Director Eileen Serra sold 1,200 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $489.77, for a total value of $587,724.00. Following the completion of the sale, the director now owns 1,627 shares of the company's stock, valued at $796,855.79. This trade represents a 42.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP John J. Rinello sold 90 shares of Gartner stock in a transaction on Monday, February 10th. The stock was sold at an average price of $530.51, for a total transaction 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. This trade represents a 2.69 % decrease in their position. The disclosure for this sale can be found here. 3.60% of the stock is owned by insiders.

Gartner Trading Up 0.6 %

Shares of IT traded up $2.31 during mid-day trading on Wednesday, reaching $405.92. The company had a trading volume of 70,234 shares, compared to its average volume of 638,611. The stock has a market cap of $31.18 billion, a price-to-earnings ratio of 25.32, a price-to-earnings-growth ratio of 3.30 and a beta of 1.26. 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 firm has a fifty day simple moving average of $456.10 and a 200-day simple moving average of $494.86. Gartner, Inc. has a fifty-two week low of $366.05 and a fifty-two week high of $584.01.

Gartner (NYSE:IT - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.22 by $2.23. The firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.69 billion. Gartner had a return on equity of 116.56% and a net margin of 20.00%. The firm's quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.04 earnings per share. On average, sell-side analysts anticipate that Gartner, Inc. will post 12.5 EPS 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.