Gartner, Inc. (NYSE:IT) Shares Sold by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC lessened its holdings in Gartner, Inc. (NYSE:IT - Free Report) by 5.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 212,334 shares of the information technology services provider's stock after selling 11,818 shares during the period. Gartner accounts for approximately 1.5% of TimesSquare Capital Management LLC's portfolio, making the stock its 10th largest holding. TimesSquare Capital Management LLC owned approximately 0.28% of Gartner worth $102,869,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Eastern Bank purchased a new position in shares of Gartner during the third quarter valued at approximately $26,000. Kestra Investment Management LLC purchased a new position in shares of Gartner during the fourth quarter valued at approximately $29,000. Ashton Thomas Securities LLC purchased a new position in shares of Gartner during the third quarter valued at approximately $44,000. True Wealth Design LLC lifted its stake in shares of 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 valued at $50,000 after buying an additional 94 shares during the period. Finally, Fortitude Family Office LLC lifted its stake in shares of Gartner by 23.8% during the third quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider's stock valued at $53,000 after buying an additional 20 shares during the period. Hedge funds and other institutional investors own 91.51% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on IT. Wells Fargo & Company reduced their price objective on shares of Gartner from $470.00 to $460.00 and set an "underweight" rating on the stock in a research note on Friday, January 10th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Gartner from $529.00 to $531.00 and gave the stock a "hold" rating in a research note on Wednesday, November 6th. StockNews.com raised shares of Gartner from a "hold" rating to a "buy" rating in a research note on Wednesday, February 12th. Robert W. Baird increased their price target on shares of Gartner from $579.00 to $605.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 5th. Finally, Morgan Stanley cut their price target on shares of Gartner from $564.00 to $555.00 and set an "equal weight" rating on the stock in a research note on Thursday, January 16th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $552.63.

Insider Transactions at Gartner

In related news, Director James C. Smith sold 5,000 shares of the firm's 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 completion of the sale, the director now directly owns 509,457 shares of the company's stock, valued at approximately $266,965,657.14. This trade represents a 0.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Claire Herkes sold 411 shares of the firm's stock in a transaction 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 sale, the executive vice president now directly owns 1,494 shares of the company's stock, valued at approximately $778,732.56. The trade was a 21.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,690 shares of company stock valued at $2,981,025 over the last 90 days. Corporate insiders own 3.60% of the company's stock.

Gartner Trading Down 3.1 %

Shares of Gartner stock traded down $15.72 during trading hours on Friday, hitting $487.44. The company's stock had a trading volume of 522,715 shares, compared to its average volume of 479,359. Gartner, Inc. has a 1-year low of $411.15 and a 1-year high of $584.01. The business has a fifty day moving average of $509.42 and a 200 day moving average of $509.05. The company has a market capitalization of $37.60 billion, a PE ratio of 30.41, a P/E/G ratio of 3.38 and a beta of 1.34. 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 released its quarterly earnings data on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $2.23. Gartner had a net margin of 20.00% and a return on equity of 116.56%. The company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.69 billion. During the same quarter in the prior year, the business earned $3.04 earnings per share. The business's quarterly revenue was up 8.1% compared to the same quarter last year. As a group, equities analysts forecast that Gartner, Inc. will post 12.5 EPS for the current year.

About Gartner

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.