Vestmark Advisory Solutions Inc. Sells 1,143 Shares of Gartner, Inc. (NYSE:IT)

Vestmark Advisory Solutions Inc. lessened its holdings in shares of Gartner, Inc. (NYSE:IT - Free Report) by 44.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,428 shares of the information technology services provider's stock after selling 1,143 shares during the quarter. Vestmark Advisory Solutions Inc.'s holdings in Gartner were worth $692,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Czech National Bank raised its stake in shares of Gartner by 6.5% in the 4th quarter. Czech National Bank now owns 16,725 shares of the information technology services provider's stock valued at $8,103,000 after purchasing an additional 1,028 shares during the period. Assetmark Inc. raised its stake in shares of Gartner by 70.0% in the 3rd quarter. Assetmark Inc. now owns 5,144 shares of the information technology services provider's stock valued at $2,607,000 after purchasing an additional 2,118 shares during the period. Entropy Technologies LP acquired a new stake in shares of Gartner in the 4th quarter valued at about $366,000. D.A. Davidson & CO. raised its stake in shares of Gartner by 2.6% in the 4th quarter. D.A. Davidson & CO. now owns 1,137 shares of the information technology services provider's stock valued at $551,000 after purchasing an additional 29 shares during the period. Finally, ING Groep NV raised its stake in shares of Gartner by 38.4% in the 3rd quarter. ING Groep NV now owns 10,306 shares of the information technology services provider's stock valued at $5,223,000 after purchasing an additional 2,860 shares during the period. Institutional investors and hedge funds own 91.51% of the company's stock.

Remove Ads

Analyst Ratings Changes

A number of analysts recently issued reports on IT shares. Robert W. Baird lifted their target price on Gartner from $579.00 to $605.00 and gave the company an "outperform" rating in a research report on Wednesday, February 5th. Wells Fargo & Company reduced their price target on Gartner from $470.00 to $460.00 and set an "underweight" rating for the company in a report on Friday, January 10th. Morgan Stanley reduced their price target on Gartner from $564.00 to $555.00 and set an "equal weight" rating for the company in a report on Thursday, January 16th. The Goldman Sachs Group reiterated a "buy" rating on shares of Gartner in a report on Tuesday, February 4th. Finally, Barclays upgraded Gartner from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $525.00 to $600.00 in a report on Friday, January 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $552.63.

Gartner Price Performance

Shares of NYSE IT traded down $4.98 during midday trading on Tuesday, reaching $466.63. The company's stock had a trading volume of 470,133 shares, compared to its average volume of 372,218. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.06 and a current ratio of 1.06. Gartner, Inc. has a fifty-two week low of $384.03 and a fifty-two week high of $584.01. The business's 50 day moving average price is $509.57 and its two-hundred day moving average price is $510.31. The company has a market cap of $35.85 billion, a P/E ratio of 29.11, a P/E/G ratio of 3.30 and a beta of 1.29.

Gartner (NYSE:IT - Get Free Report) last released its quarterly earnings results 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. 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 the consensus estimate of $1.69 billion. During the same period in the previous year, the business earned $3.04 earnings per share. The firm's quarterly revenue was up 8.1% on a year-over-year basis. On average, analysts forecast that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Insider Transactions at Gartner

In other Gartner news, Director Eileen Serra sold 1,200 shares of the company'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 owns 1,627 shares of the company's stock, valued at approximately $796,855.79. This represents a 42.45 % 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, SVP John J. Rinello sold 90 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $530.51, for a total transaction of $47,745.90. Following the transaction, the senior vice president now directly owns 3,259 shares in the company, valued at $1,728,932.09. This trade represents a 2.69 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.60% of the company's stock.

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.