Gartner, Inc. (NYSE:IT) Shares Sold by Renaissance Group LLC

Renaissance Group LLC cut its holdings in shares of Gartner, Inc. (NYSE:IT - Free Report) by 2.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 68,053 shares of the information technology services provider's stock after selling 1,469 shares during the quarter. Renaissance Group LLC owned about 0.09% of Gartner worth $32,982,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in IT. Kestra Investment Management LLC purchased a new stake in Gartner during the fourth quarter worth approximately $29,000. SBI Securities Co. Ltd. purchased a new stake in Gartner during the 4th quarter worth $49,000. Promus Capital LLC purchased a new stake in Gartner during the 4th quarter worth $57,000. Hurley Capital LLC purchased a new position in Gartner in the fourth quarter valued at about $73,000. Finally, Global Retirement Partners LLC lifted its stake in shares of Gartner by 14.0% during the fourth quarter. Global Retirement Partners LLC now owns 276 shares of the information technology services provider's stock worth $134,000 after purchasing an additional 34 shares in the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

IT has been the topic of a number of analyst reports. The Goldman Sachs Group reiterated a "buy" rating on shares of Gartner in a research note on Tuesday, February 4th. Robert W. Baird decreased their price objective on shares of Gartner from $605.00 to $557.00 and set an "outperform" rating for the company in a research report on Friday, March 21st. Barclays dropped their target price on Gartner from $600.00 to $510.00 and set an "overweight" rating on the stock in a research report on Friday, April 4th. UBS Group reduced their price target on Gartner from $565.00 to $500.00 and set a "buy" rating for the company in a report on Tuesday, March 25th. Finally, Wells Fargo & Company cut their target price on Gartner from $488.00 to $401.00 and set an "underweight" rating on the stock in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $518.00.

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Gartner Stock Performance

Gartner stock traded up $7.81 during mid-day trading on Friday, reaching $399.84. The company's stock had a trading volume of 574,913 shares, compared to its average volume of 449,990. The firm has a market cap of $30.71 billion, a price-to-earnings ratio of 24.94, a PEG ratio of 3.30 and a beta of 1.26. Gartner, Inc. has a twelve month low of $366.05 and a twelve month high of $584.01. The business has a 50 day moving average price of $461.38 and a 200-day moving average price of $496.20. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.81.

Gartner (NYSE:IT - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share for the quarter, beating 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 in the prior year, the firm earned $3.04 EPS. The company's revenue for the quarter was up 8.1% compared to the same quarter last year. Sell-side analysts predict that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Insider Activity at Gartner

In other news, Director Eileen Serra sold 1,200 shares of the business'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 transaction of $587,724.00. Following the completion of the transaction, the director now directly owns 1,627 shares in the company, valued at approximately $796,855.79. The trade was a 42.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP John J. Rinello sold 90 shares of the firm's 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 sale, the senior vice president now owns 3,259 shares in the company, valued at approximately $1,728,932.09. This represents a 2.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.