Gartner, Inc. (NYSE:IT) Stock Holdings Lessened by Geneva Capital Management LLC

Geneva Capital Management LLC trimmed its stake in Gartner, Inc. (NYSE:IT) by 11.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 72,638 shares of the information technology services provider’s stock after selling 9,330 shares during the quarter. Geneva Capital Management LLC owned 0.09% of Gartner worth $35,191,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Kestra Investment Management LLC purchased a new stake in shares of Gartner in the fourth quarter worth approximately $29,000. Ashton Thomas Securities LLC purchased a new stake in shares of Gartner in the third quarter worth approximately $44,000. True Wealth Design LLC lifted its position in shares of Gartner by 2,350.0% in the third quarter. True Wealth Design LLC now owns 98 shares of the information technology services provider’s stock worth $50,000 after purchasing an additional 94 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in Gartner in the 4th quarter worth about $49,000. Finally, Promus Capital LLC purchased a new stake in shares of Gartner during the 4th quarter worth about $57,000. 91.51% of the stock is owned by hedge funds and other institutional investors.

Gartner Stock Up 1.7 %

Shares of IT stock opened at $490.25 on Thursday. The stock’s 50 day simple moving average is $510.05 and its 200 day simple moving average is $510.31. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.06 and a current ratio of 1.06. Gartner, Inc. has a twelve month low of $411.15 and a twelve month high of $584.01. The company has a market capitalization of $37.66 billion, a price-to-earnings ratio of 30.58, a PEG ratio of 3.30 and a beta of 1.34.

Gartner (NYSE:IT) last issued its quarterly earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 EPS for the quarter, topping the consensus estimate of $3.22 by $2.23. The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.69 billion. Gartner had a return on equity of 116.56% and a net margin of 20.00%. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the previous year, the business posted $3.04 EPS. As a group, research analysts predict that Gartner, Inc. will post 12.5 EPS for the current year.

Insider Transactions at Gartner

In related news, SVP John J. Rinello sold 90 shares of the business’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $530.51, for a total value of $47,745.90. Following the sale, the senior vice president now owns 3,259 shares of the company’s stock, valued at $1,728,932.09. The trade was a 2.69 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP William James Wartinbee III sold 189 shares of the business’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $523.54, for a total value of $98,949.06. Following the completion of the sale, the executive vice president now directly owns 7,311 shares in the company, valued at approximately $3,827,600.94. This represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,479 shares of company stock valued at $734,419. 3.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

IT has been the subject of a number of recent research reports. Wells Fargo & Company cut their price target on Gartner from $470.00 to $460.00 and set an “underweight” rating for the company in a research note on Friday, January 10th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Gartner in a research note on Tuesday, February 4th. Robert W. Baird raised their price target on Gartner from $579.00 to $605.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. StockNews.com raised Gartner from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $552.63.

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.