Parkside Financial Bank & Trust Has $56,000 Stock Position in Gartner, Inc. (NYSE:IT)

Parkside Financial Bank & Trust reduced its position in shares of Gartner, Inc. (NYSE:IT) by 49.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 124 shares of the information technology services provider’s stock after selling 120 shares during the period. Parkside Financial Bank & Trust’s holdings in Gartner were worth $56,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Marks Group Wealth Management Inc increased its holdings in Gartner by 1.1% during the 4th quarter. Marks Group Wealth Management Inc now owns 3,886 shares of the information technology services provider’s stock worth $1,753,000 after purchasing an additional 44 shares in the last quarter. Illinois Municipal Retirement Fund increased its holdings in Gartner by 4.0% during the 4th quarter. Illinois Municipal Retirement Fund now owns 57,446 shares of the information technology services provider’s stock worth $25,914,000 after purchasing an additional 2,210 shares in the last quarter. MCF Advisors LLC bought a new stake in Gartner during the 4th quarter worth approximately $27,000. Handelsbanken Fonder AB increased its holdings in Gartner by 37.5% during the 4th quarter. Handelsbanken Fonder AB now owns 18,534 shares of the information technology services provider’s stock worth $8,361,000 after purchasing an additional 5,058 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Gartner by 3.8% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 7,664 shares of the information technology services provider’s stock worth $3,457,000 after purchasing an additional 280 shares in the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

Gartner Stock Performance

IT stock opened at $448.78 on Friday. Gartner, Inc. has a 12-month low of $293.73 and a 12-month high of $486.54. 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 business has a 50 day moving average of $464.86 and a 200-day moving average of $437.23. The firm has a market cap of $34.99 billion, a PE ratio of 40.58, a P/E/G ratio of 4.10 and a beta of 1.29.

Gartner (NYSE:IT) last posted its quarterly earnings data 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. Gartner had a return on equity of 156.35% and a net margin of 14.94%. The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter in the prior year, the business earned $3.70 earnings per share. Gartner’s revenue for the quarter was up 6.3% on a year-over-year basis. As a group, sell-side analysts expect that Gartner, Inc. will post 11.3 earnings per share for the current year.

Insider Activity at Gartner

In other Gartner news, EVP Valentin Sribar sold 682 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $453.00, for a total transaction of $308,946.00. Following the sale, the executive vice president now owns 12,269 shares in the company, valued at $5,557,857. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Gartner news, Director James C. Smith sold 5,000 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $455.00, for a total transaction of $2,275,000.00. Following the sale, the director now owns 638,235 shares in the company, valued at $290,396,925. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Valentin Sribar sold 682 shares of the stock in a transaction on Friday, February 16th. The stock was 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 in the company, valued at approximately $5,557,857. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,952 shares of company stock worth $10,598,070. Insiders own 3.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on IT shares. StockNews.com lowered Gartner from a “buy” rating to a “hold” rating in a report on Saturday, February 10th. Morgan Stanley boosted their price objective on Gartner from $421.00 to $446.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 6th. 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 report on Thursday, February 8th. UBS Group raised Gartner from a “neutral” rating to a “buy” rating and upped their target price for the company from $484.00 to $550.00 in a report on Thursday, April 11th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Gartner in a report on Tuesday, April 16th. They issued a “hold” rating and a $507.00 target price for the company. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Gartner has a consensus rating of “Hold” and a consensus price target 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.