Gartner, Inc. (NYSE:IT) Shares Sold by Raymond James & Associates

Raymond James & Associates cut its holdings in Gartner, Inc. (NYSE:IT) by 0.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 122,521 shares of the information technology services provider’s stock after selling 283 shares during the period. Raymond James & Associates owned 0.16% of Gartner worth $55,270,000 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 IT. Morgan Stanley lifted its holdings in Gartner by 271.1% in the fourth quarter. Morgan Stanley now owns 2,151,011 shares of the information technology services provider’s stock valued at $723,041,000 after acquiring an additional 1,571,413 shares during the last quarter. Norges Bank purchased a new stake in Gartner in the fourth quarter valued at approximately $263,599,000. Principal Financial Group Inc. raised its position in Gartner by 30.3% in the third quarter. Principal Financial Group Inc. now owns 1,565,046 shares of the information technology services provider’s stock valued at $537,766,000 after purchasing an additional 364,128 shares during the period. Wellington Management Group LLP raised its position in Gartner by 20.3% in the first quarter. Wellington Management Group LLP now owns 2,029,738 shares of the information technology services provider’s stock valued at $603,766,000 after purchasing an additional 342,228 shares during the period. Finally, American Century Companies Inc. raised its position in Gartner by 888.4% in the third quarter. American Century Companies Inc. now owns 300,106 shares of the information technology services provider’s stock valued at $103,119,000 after purchasing an additional 269,744 shares during the period. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Gartner Stock Up 1.2 %

Gartner stock opened at $481.12 on Thursday. Gartner, Inc. has a twelve month low of $292.60 and a twelve month high of $486.54. The stock’s fifty day simple moving average is $464.22 and its 200-day simple moving average is $421.49. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 3.60. The firm has a market capitalization of $37.51 billion, a P/E ratio of 43.50, a P/E/G ratio of 4.32 and a beta of 1.29.

Gartner (NYSE:IT) last posted its earnings results on Tuesday, February 6th. The information technology services provider reported $3.04 EPS for the quarter, beating the consensus estimate of $2.83 by $0.21. The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.59 billion. Gartner had a return on equity of 156.35% and a net margin of 14.94%. Gartner’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.70 earnings per share. As a group, equities analysts expect that Gartner, Inc. will post 11.36 earnings per share for the current fiscal year.

Insider Activity at Gartner

In related news, EVP Claire Herkes sold 1,460 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $475.76, for a total value of $694,609.60. Following the transaction, the executive vice president now owns 2,842 shares of the company’s stock, valued at $1,352,109.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Gartner news, EVP Valentin Sribar sold 682 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $453.00, for a total value of $308,946.00. Following the completion of the transaction, the executive vice president now owns 12,269 shares in the company, valued at $5,557,857. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Claire Herkes sold 1,460 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $475.76, for a total transaction of $694,609.60. Following the completion of the transaction, the executive vice president now owns 2,842 shares of the company’s stock, valued at approximately $1,352,109.92. The disclosure for this sale can be found here. Insiders have sold 22,952 shares of company stock valued at $10,598,070 over the last quarter. 3.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on IT. Wells Fargo & Company boosted their target price on Gartner from $380.00 to $435.00 and gave the company an “overweight” rating in a research report on Friday, December 15th. Morgan Stanley boosted their target price on Gartner from $421.00 to $446.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 6th. StockNews.com lowered Gartner from a “buy” rating to a “hold” rating in a research report on Saturday, February 10th. UBS Group upped their price objective on Gartner from $412.00 to $490.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 6th. Finally, BMO Capital Markets upped their price objective on Gartner from $444.00 to $450.00 and gave the stock a “market perform” rating in a research report on Thursday, February 8th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Gartner currently has an average rating of “Hold” and an average price target of $455.25.

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.