Robertson Stephens Wealth Management LLC Sells 904 Shares of Gartner, Inc. (NYSE:IT)

Robertson Stephens Wealth Management LLC lessened its position in Gartner, Inc. (NYSE:IT - Free Report) by 19.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,742 shares of the information technology services provider's stock after selling 904 shares during the period. Robertson Stephens Wealth Management LLC's holdings in Gartner were worth $1,813,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Eastern Bank bought a new position in shares of Gartner during the 3rd quarter valued at about $26,000. Ashton Thomas Securities LLC bought a new position in shares of Gartner during the 3rd quarter valued at about $44,000. True Wealth Design LLC boosted its position in shares of Gartner by 2,350.0% during the 3rd quarter. True Wealth Design LLC now owns 98 shares of the information technology services provider's stock valued at $50,000 after purchasing an additional 94 shares in the last quarter. Fortitude Family Office LLC boosted its position in shares of Gartner by 23.8% during the 3rd quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider's stock valued at $53,000 after purchasing an additional 20 shares in the last quarter. Finally, Asset Dedication LLC boosted its position in shares of Gartner by 46.5% during the 3rd quarter. Asset Dedication LLC now owns 148 shares of the information technology services provider's stock valued at $75,000 after purchasing an additional 47 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company's stock.

Gartner Stock Down 0.0 %

Shares of IT stock traded down $0.06 during trading on Monday, hitting $529.23. 222,921 shares of the company were exchanged, compared to its average volume of 469,843. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market capitalization of $40.82 billion, a price-to-earnings ratio of 33.02, a P/E/G ratio of 3.50 and a beta of 1.34. The business's 50-day simple moving average is $509.93 and its 200 day simple moving average is $507.08. Gartner, Inc. has a twelve month low of $411.15 and a twelve month high of $584.01.

Gartner (NYSE:IT - Get Free Report) last posted its quarterly 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. The business had revenue of $1.72 billion during the quarter, compared to analysts' expectations of $1.69 billion. Gartner had a net margin of 20.00% and a return on equity of 136.32%. The firm's quarterly revenue was up 8.1% compared to the same quarter last year. During the same period last year, the company posted $3.04 earnings per share. As a group, analysts forecast that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Insider Buying and Selling at Gartner

In other Gartner news, EVP William James Wartinbee III sold 189 shares of Gartner stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $523.54, for a total value of $98,949.06. Following the completion of the sale, the executive vice president now directly owns 7,311 shares in the company, valued at $3,827,600.94. The trade was a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Claire Herkes sold 411 shares of Gartner stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $521.24, for a total transaction of $214,229.64. Following the completion of the sale, the executive vice president now owns 1,494 shares of the company's stock, valued at $778,732.56. This trade represents a 21.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,600 shares of company stock worth $2,933,279 over the last ninety days. 3.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Barclays upgraded shares of Gartner from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $525.00 to $600.00 in a research report on Friday, January 10th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Gartner from $529.00 to $531.00 and gave the company a "hold" rating in a research report on Wednesday, November 6th. Wells Fargo & Company dropped their target price on shares of Gartner from $470.00 to $460.00 and set an "underweight" rating on the stock in a research report on Friday, January 10th. StockNews.com downgraded shares of Gartner from a "buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Finally, Morgan Stanley dropped their target price on shares of Gartner from $564.00 to $555.00 and set an "equal weight" rating on the stock in a research report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $552.63.

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.