Gartner, Inc. (NYSE:IT) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC trimmed its holdings in Gartner, Inc. (NYSE:IT - Free Report) by 5.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,196 shares of the information technology services provider's stock after selling 607 shares during the quarter. Janney Montgomery Scott LLC's holdings in Gartner were worth $4,940,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. SG Americas Securities LLC increased its stake in Gartner by 885.9% in the 4th quarter. SG Americas Securities LLC now owns 40,905 shares of the information technology services provider's stock valued at $19,817,000 after buying an additional 36,756 shares during the period. Dakota Wealth Management grew its stake in shares of Gartner by 3.1% during the 4th quarter. Dakota Wealth Management now owns 11,776 shares of the information technology services provider's stock worth $5,705,000 after purchasing an additional 355 shares during the period. Atomi Financial Group Inc. grew its stake in shares of Gartner by 23.6% during the 4th quarter. Atomi Financial Group Inc. now owns 565 shares of the information technology services provider's stock worth $274,000 after purchasing an additional 108 shares during the period. Crossmark Global Holdings Inc. grew its stake in shares of Gartner by 101.8% during the 4th quarter. Crossmark Global Holdings Inc. now owns 8,646 shares of the information technology services provider's stock worth $4,189,000 after purchasing an additional 4,361 shares during the period. Finally, Ballentine Partners LLC boosted its position in shares of Gartner by 10.8% in the 4th quarter. Ballentine Partners LLC now owns 473 shares of the information technology services provider's stock worth $229,000 after buying an additional 46 shares in the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

Gartner Stock Up 2.0 %

NYSE:IT traded up $10.70 during trading hours on Thursday, hitting $548.69. The stock had a trading volume of 440,905 shares, compared to its average volume of 445,377. 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 1-year low of $411.15 and a 1-year high of $559.00. The business has a 50 day simple moving average of $507.44 and a two-hundred day simple moving average of $503.18. The company has a market cap of $42.32 billion, a PE ratio of 40.46, a price-to-earnings-growth ratio of 2.92 and a beta of 1.33.

Gartner (NYSE:IT - Get Free Report) last issued its quarterly earnings data on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.45 by $0.05. The company 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%. Gartner's revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter last year, the company earned $2.56 earnings per share. Analysts predict that Gartner, Inc. will post 11.87 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have issued reports on IT. Wells Fargo & Company reduced their target price on shares of Gartner from $470.00 to $460.00 and set an "underweight" rating on the stock in a report on Friday, January 10th. Barclays raised shares of Gartner from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $525.00 to $600.00 in a research note on Friday, January 10th. StockNews.com raised shares of Gartner from a "hold" rating to a "buy" rating in a research note on Monday. Robert W. Baird upped their price objective on shares of Gartner from $565.00 to $590.00 and gave the company an "outperform" rating in a research note on Wednesday, November 6th. Finally, 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, January 16th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $550.75.

Insider Activity

In other Gartner news, EVP Claire Herkes sold 411 shares of the firm's stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $521.24, for a total value of $214,229.64. Following the sale, the executive vice president now directly owns 1,494 shares in the company, valued at approximately $778,732.56. This trade represents a 21.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director James C. Smith sold 2,450 shares of the firm's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $554.68, for a total value of $1,358,966.00. Following the completion of the sale, the director now owns 529,844 shares in the company, valued at $293,893,869.92. The trade was a 0.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 35,583 shares of company stock worth $19,241,974. 3.60% of the stock is currently owned by insiders.

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.