Schechter Investment Advisors LLC Lowers Holdings in Gartner, Inc. (NYSE:IT)

Schechter Investment Advisors LLC trimmed its holdings in Gartner, Inc. (NYSE:IT) by 10.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,419 shares of the information technology services provider’s stock after selling 278 shares during the period. Schechter Investment Advisors LLC’s holdings in Gartner were worth $1,091,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. Fox Run Management L.L.C. purchased a new stake in shares of Gartner in the third quarter worth about $230,000. Chapin Davis Inc. purchased a new stake in shares of Gartner in the fourth quarter worth about $960,000. Stifel Financial Corp increased its stake in Gartner by 32.6% during the third quarter. Stifel Financial Corp now owns 33,817 shares of the information technology services provider’s stock worth $11,620,000 after acquiring an additional 8,319 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Gartner by 60.7% during the third quarter. Envestnet Asset Management Inc. now owns 323,573 shares of the information technology services provider’s stock worth $111,183,000 after acquiring an additional 122,248 shares during the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc bought a new stake in Gartner during the fourth quarter worth approximately $13,934,000. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Gartner news, EVP Claire Herkes sold 1,460 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $475.76, for a total transaction of $694,609.60. Following the completion of the sale, the executive vice president now owns 2,842 shares in the company, valued at $1,352,109.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other 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 transaction of $694,609.60. Following the completion of the sale, the executive vice president now owns 2,842 shares in the company, valued at approximately $1,352,109.92. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Valentin Sribar sold 682 shares of the 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 sale, the executive vice president now owns 12,269 shares of the company’s stock, valued at approximately $5,557,857. The disclosure for this sale can be found here. Insiders sold a total of 22,952 shares of company stock worth $10,598,070 over the last 90 days. Company insiders own 3.90% of the company’s stock.

Gartner Stock Up 1.2 %

Shares of NYSE:IT opened at $481.12 on Thursday. The business’s 50 day moving average is $464.22 and its 200 day moving average is $421.49. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 3.60. The stock has a market cap of $37.51 billion, a P/E ratio of 43.50, a price-to-earnings-growth ratio of 4.34 and a beta of 1.29. Gartner, Inc. has a 52-week low of $292.60 and a 52-week high of $486.54.

Gartner (NYSE:IT) last posted its earnings results on Tuesday, February 6th. The information technology services provider reported $3.04 earnings per share for the quarter, topping analysts’ consensus estimates of $2.83 by $0.21. The company had revenue of $1.60 billion during 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 was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.70 earnings per share. Sell-side analysts predict that Gartner, Inc. will post 11.36 EPS for the current year.

Analyst Ratings Changes

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