TD Private Client Wealth LLC Has $1.41 Million Stock Holdings in Gartner, Inc. (NYSE:IT)

TD Private Client Wealth LLC lowered its stake in shares of Gartner, Inc. (NYSE:IT - Free Report) by 36.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,905 shares of the information technology services provider's stock after selling 1,672 shares during the quarter. TD Private Client Wealth LLC's holdings in Gartner were worth $1,407,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in IT. iA Global Asset Management Inc. raised its position in shares of Gartner by 10.4% in the 4th quarter. iA Global Asset Management Inc. now owns 4,392 shares of the information technology services provider's stock valued at $2,128,000 after buying an additional 415 shares in the last quarter. Magnetar Financial LLC acquired a new position in Gartner during the fourth quarter valued at approximately $4,862,000. Teacher Retirement System of Texas lifted its stake in Gartner by 304.9% during the fourth quarter. Teacher Retirement System of Texas now owns 86,406 shares of the information technology services provider's stock worth $41,861,000 after purchasing an additional 65,066 shares during the last quarter. Royal London Asset Management Ltd. boosted its holdings in shares of Gartner by 10.5% in the 4th quarter. Royal London Asset Management Ltd. now owns 33,060 shares of the information technology services provider's stock valued at $16,017,000 after purchasing an additional 3,142 shares in the last quarter. Finally, Xponance Inc. increased its stake in shares of Gartner by 2.5% in the 4th quarter. Xponance Inc. now owns 17,750 shares of the information technology services provider's stock valued at $8,599,000 after purchasing an additional 432 shares during the last quarter. Institutional investors own 91.51% of the company's stock.

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Insider Activity at Gartner

In other Gartner news, SVP John J. Rinello sold 90 shares of the company's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $530.51, for a total transaction of $47,745.90. Following 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Eileen Serra sold 1,200 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $489.77, for a total value of $587,724.00. Following the sale, the director now owns 1,627 shares of the company's stock, valued at approximately $796,855.79. The trade was a 42.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by company insiders.

Gartner Trading Down 0.4 %

NYSE IT traded down $1.67 on Thursday, hitting $425.11. The company's stock had a trading volume of 559,326 shares, compared to its average volume of 400,836. The company's 50-day moving average is $497.88 and its 200 day moving average is $506.61. The firm has a market cap of $32.66 billion, a PE ratio of 26.52, a PEG ratio of 3.30 and a beta of 1.29. Gartner, Inc. has a 1-year low of $409.50 and a 1-year high of $584.01. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.81.

Gartner (NYSE:IT - Get Free Report) last posted 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. The business had revenue of $1.72 billion during 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%. Gartner's quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the business posted $3.04 earnings per share. As a group, analysts predict that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. UBS Group dropped their price objective on Gartner from $565.00 to $500.00 and set a "buy" rating for the company in a research report on Tuesday. Robert W. Baird reduced their price target on shares of Gartner from $605.00 to $557.00 and set an "outperform" rating on the stock in a research note on Friday, March 21st. Morgan Stanley decreased their price target 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. The Goldman Sachs Group reissued a "buy" rating on shares of Gartner in a research note on Tuesday, February 4th. Finally, StockNews.com cut shares of Gartner from a "buy" rating to a "hold" rating in a research note on Friday, March 21st. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $536.63.

Gartner 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.