Intellectus Partners LLC Has $750,000 Stock Position in Gartner, Inc. (NYSE:IT)

Intellectus Partners LLC lowered its position in shares of Gartner, Inc. (NYSE:IT) by 26.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,096 shares of the information technology services provider’s stock after selling 1,108 shares during the quarter. Intellectus Partners LLC’s holdings in Gartner were worth $750,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. IndexIQ Advisors LLC boosted its holdings in shares of Gartner by 2.4% in the 2nd quarter. IndexIQ Advisors LLC now owns 1,425 shares of the information technology services provider’s stock valued at $345,000 after buying an additional 34 shares during the last quarter. CX Institutional raised its stake in Gartner by 22.4% in the 2nd quarter. CX Institutional now owns 191 shares of the information technology services provider’s stock valued at $46,000 after acquiring an additional 35 shares during the period. Fort L.P. raised its stake in Gartner by 0.8% in the 2nd quarter. Fort L.P. now owns 5,121 shares of the information technology services provider’s stock valued at $1,240,000 after acquiring an additional 39 shares during the period. Coldstream Capital Management Inc. raised its stake in Gartner by 4.1% in the 1st quarter. Coldstream Capital Management Inc. now owns 1,384 shares of the information technology services provider’s stock valued at $253,000 after acquiring an additional 55 shares during the period. Finally, Commerce Bank raised its stake in Gartner by 2.3% in the 2nd quarter. Commerce Bank now owns 2,607 shares of the information technology services provider’s stock valued at $631,000 after acquiring an additional 58 shares during the period. 91.72% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE IT traded up $1.14 during mid-day trading on Thursday, reaching $307.54. The company had a trading volume of 3,347 shares, compared to its average volume of 601,063. The company has a debt-to-equity ratio of 4.66, a quick ratio of 0.78 and a current ratio of 0.78. Gartner, Inc. has a one year low of $115.86 and a one year high of $327.20. The firm has a market cap of $25.73 billion, a price-to-earnings ratio of 47.21, a PEG ratio of 2.97 and a beta of 1.61. The business’s 50-day simple moving average is $307.30 and its 200 day simple moving average is $256.04.

Gartner (NYSE:IT) last issued its quarterly earnings results on Tuesday, August 3rd. The information technology services provider reported $2.24 EPS for the quarter, topping the Zacks’ consensus estimate of $1.73 by $0.51. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.12 billion. Gartner had a return on equity of 67.28% and a net margin of 13.06%. Gartner’s revenue was up 19.9% on a year-over-year basis. During the same quarter last year, the business earned $1.20 earnings per share. On average, sell-side analysts anticipate that Gartner, Inc. will post 7.83 EPS for the current year.

A number of equities research analysts recently weighed in on IT shares. Morgan Stanley increased their price target on Gartner from $322.00 to $341.00 and gave the company an “overweight” rating in a research note on Thursday, September 23rd. Zacks Investment Research cut Gartner from a “strong-buy” rating to a “hold” rating and set a $323.00 price objective on the stock. in a research report on Tuesday, October 5th. William Blair reiterated an “outperform” rating on shares of Gartner in a research report on Tuesday, August 3rd. Barclays increased their price objective on Gartner from $250.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Friday, August 6th. Finally, BMO Capital Markets increased their price objective on Gartner from $234.00 to $280.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 4th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $269.00.

In other news, CFO Craig Safian sold 4,267 shares of Gartner stock in a transaction dated Monday, August 30th. The stock was sold at an average price of $307.40, for a total transaction of $1,311,675.80. Following the sale, the chief financial officer now directly owns 54,112 shares of the company’s stock, valued at $16,634,028.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Karen E. Dykstra sold 1,350 shares of Gartner stock in a transaction dated Friday, August 20th. The shares were sold at an average price of $302.93, for a total value of $408,955.50. Following the sale, the director now directly owns 17,340 shares in the company, valued at $5,252,806.20. The disclosure for this sale can be found here. Insiders sold 20,222 shares of company stock worth $6,176,175 over the last ninety days. 3.60% of the stock is currently owned by insiders.

Gartner Profile

Gartner, Inc is a research and advisory company, which delivers technology-related insights to its clients to make right decisions. It operates through the following segments: Research, Consulting and Conferences. The Research segment gives advices on the mission-critical priorities of leaders. The Consulting segment offers customized solutions to unique client needs through on-site, day-to-day support, and proprietary tools for measuring and improving IT performance.

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Institutional Ownership by Quarter for Gartner (NYSE:IT)

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