Shelton Capital Management Has $4.04 Million Holdings in Gartner, Inc. (NYSE:IT)

Shelton Capital Management cut its stake in Gartner, Inc. (NYSE:IT - Free Report) by 11.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,335 shares of the information technology services provider's stock after selling 1,026 shares during the period. Shelton Capital Management's holdings in Gartner were worth $4,038,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Kestra Investment Management LLC acquired a new position in shares of Gartner during the 4th quarter valued at $29,000. SBI Securities Co. Ltd. acquired a new position in Gartner during the fourth quarter worth about $49,000. Promus Capital LLC bought a new stake in Gartner in the fourth quarter worth about $57,000. Hurley Capital LLC acquired a new stake in Gartner in the 4th quarter valued at about $73,000. Finally, Global Retirement Partners LLC boosted its position in shares of Gartner by 14.0% during the 4th quarter. Global Retirement Partners LLC now owns 276 shares of the information technology services provider's stock valued at $134,000 after purchasing an additional 34 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company's stock.

Gartner Stock Up 2.2 %

Shares of IT stock traded up $8.84 on Monday, reaching $408.72. 109,465 shares of the company's stock traded hands, compared to its average volume of 448,706. The company has a market capitalization of $31.40 billion, a P/E ratio of 25.50, a price-to-earnings-growth ratio of 3.30 and a beta of 1.26. Gartner, Inc. has a 12-month low of $366.05 and a 12-month high of $584.01. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.06 and a current ratio of 1.06. The business's 50 day moving average price is $461.38 and its two-hundred day moving average price is $496.20.

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Gartner (NYSE:IT - Get Free Report) last issued its earnings results 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. The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.69 billion. Gartner had a return on equity of 116.56% and a net margin of 20.00%. The firm's quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.04 EPS. On average, equities analysts forecast that Gartner, Inc. will post 12.5 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Eileen Serra sold 1,200 shares of Gartner stock in a transaction dated 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 sale, the director now directly owns 1,627 shares in the company, valued at $796,855.79. The trade was a 42.45 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP John J. Rinello sold 90 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was 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 owns 3,259 shares in the company, valued at $1,728,932.09. This represents a 2.69 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on IT. 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 report on Thursday, January 16th. StockNews.com lowered shares of Gartner from a "buy" rating to a "hold" rating in a research report on Friday, March 21st. Barclays cut their price objective on Gartner from $600.00 to $510.00 and set an "overweight" rating for the company in a research report on Friday, April 4th. The Goldman Sachs Group restated a "buy" rating on shares of Gartner in a report on Tuesday, February 4th. Finally, UBS Group reduced their target price on Gartner from $565.00 to $500.00 and set a "buy" rating for the company in a report on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $518.00.

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.