Gartner, Inc. (NYSE:IT) Shares Sold by Guggenheim Capital LLC

Guggenheim Capital LLC decreased its holdings in Gartner, Inc. (NYSE:IT - Free Report) by 73.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,236 shares of the information technology services provider's stock after selling 3,459 shares during the quarter. Guggenheim Capital LLC's holdings in Gartner were worth $599,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Howard Capital Management Inc. raised its stake in shares of Gartner by 4.4% during the 4th quarter. Howard Capital Management Inc. now owns 452 shares of the information technology services provider's stock worth $219,000 after buying an additional 19 shares during the period. Gilbert & Cook Inc. raised its position in Gartner by 1.5% during the fourth quarter. Gilbert & Cook Inc. now owns 1,364 shares of the information technology services provider's stock worth $661,000 after acquiring an additional 20 shares during the period. Dorsey & Whitney Trust CO LLC lifted its holdings in Gartner by 2.5% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 826 shares of the information technology services provider's stock valued at $400,000 after purchasing an additional 20 shares in the last quarter. Parallel Advisors LLC grew its position in shares of Gartner by 2.9% in the fourth quarter. Parallel Advisors LLC now owns 737 shares of the information technology services provider's stock valued at $357,000 after purchasing an additional 21 shares during the period. Finally, Harbor Capital Advisors Inc. increased its stake in shares of Gartner by 2.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 917 shares of the information technology services provider's stock worth $444,000 after purchasing an additional 22 shares in the last quarter. Hedge funds and other institutional investors own 91.51% of the company's stock.

Gartner Price Performance

Gartner stock opened at $416.37 on Friday. 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 company has a 50-day moving average price of $437.85 and a 200 day moving average price of $489.25. Gartner, Inc. has a 12-month low of $366.05 and a 12-month high of $584.01. The stock has a market cap of $31.98 billion, a P/E ratio of 25.97, a PEG ratio of 3.30 and a beta of 1.26.

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

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. StockNews.com cut Gartner from a "buy" rating to a "hold" rating in a report on Friday, March 21st. Wells Fargo & Company reduced their price objective on Gartner from $488.00 to $401.00 and set an "underweight" rating for the company in a research note on Wednesday, April 9th. Robert W. Baird decreased their price objective on Gartner from $605.00 to $557.00 and set an "outperform" rating on the stock in a report on Friday, March 21st. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Gartner in a report on Tuesday, February 4th. Finally, UBS Group decreased their price target on shares of Gartner from $565.00 to $500.00 and set a "buy" rating on the stock in a research note on Tuesday, March 25th. 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's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $513.63.

Insider Buying and Selling at Gartner

In other news, Director Eileen Serra sold 1,200 shares of the company's 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 transaction, the director now directly owns 1,627 shares in the company, valued at approximately $796,855.79. This represents a 42.45 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP John J. Rinello sold 90 shares of Gartner stock in a transaction that occurred on 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 of the company's stock, 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. Company insiders own 3.60% of the company's stock.

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.

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