Vontobel Holding Ltd. Has $5.91 Million Stock Holdings in Gartner, Inc. (NYSE:IT)

Vontobel Holding Ltd. cut its position in Gartner, Inc. (NYSE:IT) by 6.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,096 shares of the information technology services provider’s stock after selling 958 shares during the period. Vontobel Holding Ltd.’s holdings in Gartner were worth $5,908,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. BKM Wealth Management LLC bought a new position in Gartner in the fourth quarter valued at $26,000. AdvisorNet Financial Inc grew its position in Gartner by 59.5% in the fourth quarter. AdvisorNet Financial Inc now owns 67 shares of the information technology services provider’s stock valued at $30,000 after purchasing an additional 25 shares in the last quarter. Harbor Investment Advisory LLC raised its stake in Gartner by 7,500.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 76 shares of the information technology services provider’s stock worth $34,000 after purchasing an additional 75 shares in the last quarter. OFI Invest Asset Management acquired a new stake in Gartner in the 3rd quarter worth about $25,000. Finally, Cornerstone Planning Group LLC acquired a new stake in Gartner in the 2nd quarter worth about $27,000. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Gartner Trading Down 1.9 %

IT opened at $449.41 on Thursday. Gartner, Inc. has a fifty-two week low of $292.60 and a fifty-two week high of $486.54. The company has a debt-to-equity ratio of 3.60, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market capitalization of $35.04 billion, a price-to-earnings ratio of 40.63, a PEG ratio of 4.23 and a beta of 1.29. The company’s 50 day moving average price is $465.66 and its two-hundred day moving average price is $433.71.

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. Gartner had a net margin of 14.94% and a return on equity of 156.35%. The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.59 billion. During the same period in the previous year, the firm posted $3.70 EPS. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. As a group, research analysts predict that Gartner, Inc. will post 11.36 earnings per share for the current year.

Insider Activity

In other news, Director James C. Smith sold 10,000 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $459.68, for a total value of $4,596,800.00. Following the sale, the director now directly owns 623,235 shares of the company’s stock, valued at approximately $286,488,664.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, EVP Claire Herkes sold 1,460 shares of the business’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 transaction, the executive vice president now owns 2,842 shares in the company, valued at approximately $1,352,109.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James C. Smith sold 10,000 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $459.68, for a total transaction of $4,596,800.00. Following the transaction, the director now owns 623,235 shares in the company, valued at approximately $286,488,664.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,952 shares of company stock valued at $10,598,070. 3.90% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on IT. BMO Capital Markets boosted their target price on shares of Gartner from $444.00 to $450.00 and gave the company a “market perform” rating in a research report on Thursday, February 8th. UBS Group upgraded shares of Gartner from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $484.00 to $550.00 in a research report on Thursday, April 11th. Deutsche Bank Aktiengesellschaft started coverage on shares of Gartner in a research report on Tuesday. They set a “hold” rating and a $507.00 price objective for the company. Morgan Stanley upped their price objective on shares of Gartner from $421.00 to $446.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 6th. Finally, StockNews.com cut shares of Gartner from a “buy” rating to a “hold” rating in a research report on Saturday, February 10th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $477.60.

About Gartner

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.