Thrivent Financial for Lutherans Has $16.49 Million Stake in Gartner, Inc. (NYSE:IT)

Thrivent Financial for Lutherans cut its stake in shares of Gartner, Inc. (NYSE:IT - Free Report) by 10.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,986 shares of the information technology services provider's stock after selling 3,838 shares during the period. Thrivent Financial for Lutherans' holdings in Gartner were worth $16,493,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Kestra Investment Management LLC acquired a new position in shares of Gartner in the 4th quarter valued at $29,000. True Wealth Design LLC lifted its holdings in Gartner by 2,350.0% during the third quarter. True Wealth Design LLC now owns 98 shares of the information technology services provider's stock worth $50,000 after acquiring an additional 94 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in Gartner in the fourth quarter valued at about $49,000. Promus Capital LLC bought a new stake in shares of Gartner in the fourth quarter worth about $57,000. Finally, Global Retirement Partners LLC raised its position 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 during the period. Institutional investors own 91.51% of the company's stock.

Gartner Stock Down 1.9 %

IT traded down $8.33 on Tuesday, hitting $421.46. 1,383,646 shares of the company were exchanged, compared to its average volume of 394,755. The company has a market cap of $32.38 billion, a PE ratio of 26.29, a PEG ratio of 3.30 and a beta of 1.29. Gartner, Inc. has a 12 month low of $409.50 and a 12 month high of $584.01. The stock's fifty day moving average is $499.54 and its 200-day moving average is $507.17. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.06 and a current ratio of 1.06.

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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, topping analysts' consensus estimates of $3.22 by $2.23. The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.69 billion. Gartner had a net margin of 20.00% and a return on equity of 116.56%. The firm's revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the previous year, the company earned $3.04 earnings per share. Equities research analysts predict that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Barclays raised Gartner from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $525.00 to $600.00 in a research note on Friday, January 10th. The Goldman Sachs Group reissued a "buy" rating on shares of Gartner in a research report on Tuesday, February 4th. Morgan Stanley reduced their target price on shares of Gartner from $564.00 to $555.00 and set an "equal weight" rating for the company in a research note on Thursday, January 16th. Wells Fargo & Company lowered their target price on Gartner from $470.00 to $460.00 and set an "underweight" rating for the company in a report on Friday, January 10th. Finally, Robert W. Baird reduced their price objective on Gartner from $605.00 to $557.00 and set an "outperform" rating for the company in a research report on Friday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $536.63.

Insider Activity at Gartner

In other news, SVP John J. Rinello sold 90 shares of the firm's 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 in the company, valued at approximately $1,728,932.09. This trade represents a 2.69 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Eileen Serra sold 1,200 shares of the company's stock in a transaction dated Monday, February 24th. The shares were 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 owns 1,627 shares in the company, valued at approximately $796,855.79. This trade represents a 42.45 % decrease in their position. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by company insiders.

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.