Stephens Inc. AR Decreases Position in Gartner, Inc. (NYSE:IT)

Stephens Inc. AR decreased its position in shares of Gartner, Inc. (NYSE:IT - Free Report) by 32.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,557 shares of the information technology services provider's stock after selling 741 shares during the quarter. Stephens Inc. AR's holdings in Gartner were worth $754,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Eastern Bank acquired a new position in Gartner during the 3rd quarter worth about $26,000. Ashton Thomas Securities LLC acquired a new position in shares of Gartner in the third quarter worth approximately $44,000. True Wealth Design LLC boosted its holdings in Gartner by 2,350.0% in the third quarter. True Wealth Design LLC now owns 98 shares of the information technology services provider's stock valued at $50,000 after acquiring an additional 94 shares during the last quarter. Fortitude Family Office LLC increased its position in 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 during the period. Finally, Asset Dedication LLC raised its holdings in Gartner by 46.5% during the 3rd quarter. Asset Dedication LLC now owns 148 shares of the information technology services provider's stock worth $75,000 after purchasing an additional 47 shares during the last quarter. Institutional investors own 91.51% of the company's stock.

Insider Buying and Selling

In other Gartner news, Director James C. Smith sold 5,000 shares of Gartner stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $524.02, for a total transaction of $2,620,100.00. Following the transaction, the director now directly owns 509,457 shares of the company's stock, valued at $266,965,657.14. The trade was a 0.97 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP John J. Rinello sold 90 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $530.51, for a total transaction of $47,745.90. Following the completion of the sale, the senior vice president now owns 3,259 shares of the company's stock, valued at approximately $1,728,932.09. This represents a 2.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,690 shares of company stock worth $2,981,025 in the last quarter. Insiders own 3.60% of the company's stock.

Gartner Stock Down 0.4 %

Shares of NYSE IT traded down $1.83 during midday trading on Monday, hitting $515.34. 353,808 shares of the stock traded hands, compared to its average volume of 480,360. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.02. Gartner, Inc. has a one year low of $411.15 and a one year high of $584.01. The business has a 50 day moving average price of $510.10 and a two-hundred day moving average price of $508.59. The company has a market cap of $39.75 billion, a PE ratio of 32.15, a P/E/G ratio of 3.50 and a beta of 1.34.

Gartner (NYSE:IT - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 EPS 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 136.32%. The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.69 billion. During the same quarter in the previous year, the business posted $3.04 EPS. Gartner's quarterly revenue was up 8.1% on a year-over-year basis. On average, equities analysts predict that Gartner, Inc. will post 12.5 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. 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. Robert W. Baird increased their price target on Gartner from $579.00 to $605.00 and gave the stock an "outperform" rating in a report on Wednesday, February 5th. Wells Fargo & Company lowered their price objective on Gartner from $470.00 to $460.00 and set an "underweight" rating for the company in a research report on Friday, January 10th. Morgan Stanley cut their target price on Gartner from $564.00 to $555.00 and set an "equal weight" rating on the stock in a research report on Thursday, January 16th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Gartner from $529.00 to $531.00 and gave the stock a "hold" rating in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average 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.