Aster Capital Management DIFC Ltd Reduces Holdings in Gartner, Inc. (NYSE:IT)

Aster Capital Management DIFC Ltd cut its holdings in shares of Gartner, Inc. (NYSE:IT - Free Report) by 71.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 297 shares of the information technology services provider's stock after selling 729 shares during the period. Aster Capital Management DIFC Ltd's holdings in Gartner were worth $144,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Kestra Investment Management LLC purchased a new stake in shares of Gartner in the 4th quarter worth $29,000. SBI Securities Co. Ltd. bought a new position in shares of Gartner during the 4th quarter valued at approximately $49,000. Promus Capital LLC bought a new position in shares of Gartner during the 4th quarter valued at approximately $57,000. Hurley Capital LLC purchased a new stake in Gartner in the 4th quarter worth approximately $73,000. Finally, Global Retirement Partners LLC raised its stake in Gartner by 14.0% during the 4th quarter. Global Retirement Partners LLC now owns 276 shares of the information technology services provider's stock worth $134,000 after acquiring an additional 34 shares during the period. Institutional investors own 91.51% of the company's stock.

Insiders Place Their Bets

In other Gartner news, Director Eileen Serra sold 1,200 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $489.77, for a total value of $587,724.00. Following the sale, the director now directly owns 1,627 shares of the company's stock, valued at approximately $796,855.79. This trade represents a 42.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 transaction of $47,745.90. Following the completion of the sale, the senior vice president now owns 3,259 shares in the company, valued at approximately $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 currently owned by insiders.

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Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on IT shares. The Goldman Sachs Group restated a "buy" rating on shares of Gartner in a research note on Tuesday, February 4th. Barclays decreased their target price on Gartner from $600.00 to $510.00 and set an "overweight" rating on the stock in a research note on Friday, April 4th. 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 note on Wednesday. Robert W. Baird reduced their price objective on shares of Gartner from $605.00 to $557.00 and set an "outperform" rating on the stock in a research report on Friday, March 21st. Finally, Morgan Stanley cut their target price on shares of Gartner from $564.00 to $555.00 and set an "equal weight" rating for the company in a research note on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $518.00.

Gartner Trading Up 2.0 %

IT traded up $7.81 on Friday, reaching $399.84. 574,913 shares of the company traded hands, compared to its average volume of 449,990. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. The company has a market cap of $30.71 billion, a P/E ratio of 24.94, a price-to-earnings-growth ratio of 3.30 and a beta of 1.26. The firm has a fifty day simple moving average of $461.38 and a two-hundred day simple moving average of $496.20. Gartner, Inc. has a one year low of $366.05 and a one year high of $584.01.

Gartner (NYSE:IT - Get Free Report) last released its quarterly earnings data 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 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 company's quarterly revenue was up 8.1% on a year-over-year basis. During the same period last year, the firm earned $3.04 earnings per share. As a group, equities research 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.