Gartner, Inc. (NYSE:IT) Stock Position Decreased by CENTRAL TRUST Co

CENTRAL TRUST Co cut its stake in shares of Gartner, Inc. (NYSE:IT) by 13.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 382 shares of the information technology services provider’s stock after selling 61 shares during the quarter. CENTRAL TRUST Co’s holdings in Gartner were worth $185,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of IT. Assenagon Asset Management S.A. boosted its stake in shares of Gartner by 208.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 272,267 shares of the information technology services provider’s stock worth $131,905,000 after acquiring an additional 183,974 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Gartner during the 3rd quarter worth $70,955,000. Principal Financial Group Inc. boosted its stake in shares of Gartner by 5.5% during the 3rd quarter. Principal Financial Group Inc. now owns 2,001,142 shares of the information technology services provider’s stock worth $1,014,099,000 after acquiring an additional 103,814 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Gartner in the third quarter worth $36,789,000. Finally, JPMorgan Chase & Co. boosted its position in shares of Gartner by 7.3% in the third quarter. JPMorgan Chase & Co. now owns 1,036,530 shares of the information technology services provider’s stock worth $525,272,000 after buying an additional 70,236 shares during the period. 91.51% of the stock is owned by institutional investors.

Gartner Price Performance

IT opened at $546.38 on Wednesday. The stock has a market cap of $42.14 billion, a price-to-earnings ratio of 40.29, a PEG ratio of 3.37 and a beta of 1.34. Gartner, Inc. has a 1 year low of $411.15 and a 1 year high of $584.01. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. The stock has a fifty day moving average price of $508.97 and a 200 day moving average price of $505.61.

Gartner (NYSE:IT) last posted its earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share for the quarter, beating the consensus estimate of $3.22 by $2.23. Gartner had a return on equity of 118.27% and a net margin of 17.33%. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same period last year, the company earned $3.04 earnings per share. The business’s revenue was up 8.1% compared to the same quarter last year. Analysts forecast that Gartner, Inc. will post 11.87 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on IT. Morgan Stanley decreased their target price on Gartner from $564.00 to $555.00 and set an “equal weight” rating for the company in a research report on Thursday, January 16th. Robert W. Baird raised their target price on Gartner from $565.00 to $590.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Wells Fargo & Company decreased their target price on Gartner from $470.00 to $460.00 and set an “underweight” rating for the company in a research report on Friday, January 10th. StockNews.com cut Gartner from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Barclays raised Gartner from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $525.00 to $600.00 in a research report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $550.75.

Insider Buying and Selling at Gartner

In other Gartner news, Director James C. Smith sold 2,450 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $554.68, for a total transaction of $1,358,966.00. Following the transaction, the director now directly owns 529,844 shares in the company, valued at $293,893,869.92. This trade represents a 0.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP William James Wartinbee III sold 189 shares of Gartner stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $523.54, for a total value of $98,949.06. Following the completion of the transaction, the executive vice president now owns 7,311 shares in the company, valued at $3,827,600.94. The trade was a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,583 shares of company stock worth $13,884,374 over the last three months. Corporate insiders own 3.60% of the company’s stock.

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.