Gartner, Inc. (NYSE:IT) Stock Position Decreased by Grove Bank & Trust

Grove Bank & Trust reduced its position in Gartner, Inc. (NYSE:IT - Free Report) by 25.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,437 shares of the information technology services provider's stock after selling 828 shares during the period. Grove Bank & Trust's holdings in Gartner were worth $1,181,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Baron Wealth Management LLC increased its position in Gartner by 4.1% during the third quarter. Baron Wealth Management LLC now owns 481 shares of the information technology services provider's stock worth $244,000 after buying an additional 19 shares in the last quarter. Fortitude Family Office LLC increased its position 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 purchasing an additional 20 shares in the last quarter. Moors & Cabot Inc. raised its stake in Gartner by 3.0% in the 2nd quarter. Moors & Cabot Inc. now owns 763 shares of the information technology services provider's stock valued at $343,000 after purchasing an additional 22 shares during the last quarter. Harbor Capital Advisors Inc. lifted its holdings in Gartner by 2.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 917 shares of the information technology services provider's stock valued at $444,000 after purchasing an additional 22 shares in the last quarter. Finally, Wallace Advisory Group LLC boosted its stake in shares of Gartner by 2.4% during the 2nd quarter. Wallace Advisory Group LLC now owns 980 shares of the information technology services provider's stock worth $440,000 after purchasing an additional 23 shares during the last quarter. Hedge funds and other institutional investors own 91.51% of the company's stock.

Insider Buying and Selling at Gartner

In other Gartner news, EVP William James Wartinbee III sold 189 shares of the business's stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $523.54, for a total transaction of $98,949.06. Following the sale, the executive vice president now directly owns 7,311 shares in the company, valued at approximately $3,827,600.94. The trade was a 2.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James C. Smith sold 2,450 shares of the company's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $554.68, for a total transaction of $1,358,966.00. Following the completion of the sale, the director now directly owns 529,844 shares of the company's stock, valued at approximately $293,893,869.92. This represents a 0.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 35,583 shares of company stock valued at $19,241,974 in the last ninety days. Company insiders own 3.60% of the company's stock.

Gartner Stock Up 0.8 %

NYSE IT traded up $4.28 during trading hours on Monday, reaching $516.34. 971,178 shares of the company traded hands, compared to its average volume of 357,370. The stock has a market capitalization of $39.83 billion, a PE ratio of 38.08, a PEG ratio of 2.72 and a beta of 1.33. 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 12 month low of $411.15 and a 12 month high of $559.00. The company has a 50 day moving average of $507.49 and a two-hundred day moving average of $498.74.

Gartner (NYSE:IT - Get Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share for the quarter, beating analysts' consensus estimates of $2.45 by $0.05. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.48 billion. Gartner had a net margin of 17.33% and a return on equity of 118.27%. The company's revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.56 EPS. As a group, equities analysts expect that Gartner, Inc. will post 11.87 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on IT. Robert W. Baird upped their target price on Gartner from $565.00 to $590.00 and gave the company an "outperform" rating in a research note on Wednesday, November 6th. Morgan Stanley dropped their price objective 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. Barclays raised shares of Gartner from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $525.00 to $600.00 in a research report on Friday, January 10th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Gartner from $529.00 to $531.00 and gave the stock a "hold" rating in a research report on Wednesday, November 6th. Finally, Wells Fargo & Company lowered 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. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, Gartner presently has an average rating of "Hold" and a consensus target price of $550.75.

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.