Tower Research Capital LLC TRC Reduces Position in Gartner, Inc. (NYSE:IT)

Tower Research Capital LLC TRC reduced its position in Gartner, Inc. (NYSE:IT - Free Report) by 37.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,382 shares of the information technology services provider's stock after selling 2,616 shares during the quarter. Tower Research Capital LLC TRC's holdings in Gartner were worth $2,123,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. MetLife Investment Management LLC boosted its stake in shares of Gartner by 1.1% during the fourth quarter. MetLife Investment Management LLC now owns 23,706 shares of the information technology services provider's stock valued at $11,485,000 after purchasing an additional 266 shares during the period. Norinchukin Bank The boosted its position in Gartner by 7.4% in the 4th quarter. Norinchukin Bank The now owns 3,378 shares of the information technology services provider's stock valued at $1,637,000 after buying an additional 234 shares during the period. Ossiam grew its stake in Gartner by 36.1% in the 4th quarter. Ossiam now owns 11,163 shares of the information technology services provider's stock worth $5,408,000 after acquiring an additional 2,963 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its position in shares of Gartner by 49.2% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 20,155 shares of the information technology services provider's stock worth $9,764,000 after acquiring an additional 6,647 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Gartner by 4.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 644,699 shares of the information technology services provider's stock valued at $312,344,000 after acquiring an additional 27,996 shares in the last quarter. Institutional investors own 91.51% of the company's stock.

Insiders Place Their Bets

In other news, Director Eileen Serra sold 1,200 shares of the business's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $489.77, for a total transaction of $587,724.00. Following the sale, the director now directly owns 1,627 shares of the company's stock, valued at $796,855.79. The trade was a 42.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value of $47,745.90. Following the completion of the transaction, the senior vice president now directly owns 3,259 shares in the company, valued at approximately $1,728,932.09. The trade was a 2.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.60% of the company's stock.

Gartner Trading Up 2.2 %

NYSE:IT opened at $401.30 on Wednesday. The stock has a market capitalization of $30.83 billion, a price-to-earnings ratio of 25.03, a PEG ratio of 3.30 and a beta of 1.26. Gartner, Inc. has a 52 week low of $366.05 and a 52 week 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. The firm has a 50 day moving average of $443.89 and a 200 day moving average of $491.12.

Gartner (NYSE:IT - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The information technology services provider reported $5.45 EPS for the quarter, beating the consensus estimate of $3.22 by $2.23. Gartner had a return on equity of 116.56% and a net margin of 20.00%. The firm 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 posted $3.04 EPS. The business's revenue for the quarter was up 8.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Analysts Set New Price Targets

IT has been the topic of several research reports. Morgan Stanley reduced their price objective on Gartner from $564.00 to $555.00 and set an "equal weight" rating on the stock in a report on Thursday, January 16th. Wells Fargo & Company decreased their price objective on Gartner from $488.00 to $401.00 and set an "underweight" rating for the company in a report on Wednesday, April 9th. The Goldman Sachs Group reiterated a "buy" rating on shares of Gartner in a report on Tuesday, February 4th. StockNews.com lowered shares of Gartner from a "buy" rating to a "hold" rating in a report on Friday, March 21st. Finally, Barclays dropped their price objective on shares of Gartner from $510.00 to $475.00 and set an "overweight" rating on the stock in a research note on Monday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $513.63.

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.

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