Gartner, Inc. (NYSE:IT) Position Trimmed by Polen Capital Management LLC

Polen Capital Management LLC cut its holdings in Gartner, Inc. (NYSE:IT - Free Report) by 38.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 902,690 shares of the information technology services provider's stock after selling 566,700 shares during the period. Gartner accounts for about 1.2% of Polen Capital Management LLC's holdings, making the stock its 24th biggest position. Polen Capital Management LLC owned 1.17% of Gartner worth $437,326,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Baron Wealth Management LLC raised its holdings in Gartner by 4.1% in the 3rd quarter. Baron Wealth Management LLC now owns 481 shares of the information technology services provider's stock valued at $244,000 after acquiring an additional 19 shares during the last quarter. Howard Capital Management Inc. grew 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 valued at $219,000 after buying an additional 19 shares during the period. Gilbert & Cook Inc. grew its stake in shares of Gartner by 1.5% during the 4th quarter. Gilbert & Cook Inc. now owns 1,364 shares of the information technology services provider's stock valued at $661,000 after buying an additional 20 shares during the period. Dorsey & Whitney Trust CO LLC grew its stake in shares of Gartner by 2.5% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 826 shares of the information technology services provider's stock valued at $400,000 after buying an additional 20 shares during the period. Finally, Harbor Capital Advisors Inc. grew its stake in shares of Gartner by 2.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 917 shares of the information technology services provider's stock valued at $444,000 after buying an additional 22 shares during the period. 91.51% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on IT shares. The Goldman Sachs Group reissued a "buy" rating on shares of Gartner in a research note on Tuesday, February 4th. Morgan Stanley lowered 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, January 16th. Robert W. Baird boosted their price objective on shares of Gartner from $579.00 to $605.00 and gave the company an "outperform" rating in a research note on Wednesday, February 5th. StockNews.com raised shares of Gartner from a "hold" rating to a "buy" rating in a research report on Wednesday, March 5th. Finally, Barclays raised shares of Gartner from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $525.00 to $600.00 in a research report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Gartner presently has a consensus rating of "Moderate Buy" and an average target price of $552.63.

Insiders Place Their Bets

In other news, SVP John J. Rinello sold 90 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $530.51, for a total value 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. This trade represents a 2.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction of $587,724.00. Following the completion of the transaction, 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 disclosure for this sale can be found here. 3.60% of the stock is owned by insiders.

Gartner Stock Performance

NYSE IT traded down $31.68 on Thursday, hitting $417.75. The stock had a trading volume of 1,681,060 shares, compared to its average volume of 387,277. Gartner, Inc. has a one year low of $411.15 and a one year high of $584.01. 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 stock has a market cap of $32.09 billion, a price-to-earnings ratio of 26.06, a P/E/G ratio of 3.30 and a beta of 1.29. The company's 50-day moving average is $505.08 and its two-hundred day moving average is $508.72.

Gartner (NYSE:IT - Get Free Report) last posted its earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 EPS for the quarter, topping the consensus estimate of $3.22 by $2.23. Gartner had a net margin of 20.00% and a return on equity of 116.56%. The firm had revenue of $1.72 billion during the quarter, compared to analysts' expectations of $1.69 billion. During the same quarter in the prior year, the firm earned $3.04 EPS. Gartner's quarterly revenue was up 8.1% on a year-over-year basis. On average, 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.