Axxcess Wealth Management LLC Sells 34 Shares of Gartner, Inc. (NYSE:IT)

Axxcess Wealth Management LLC cut its stake in Gartner, Inc. (NYSE:IT) by 5.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 590 shares of the information technology services provider’s stock after selling 34 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Gartner were worth $286,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Madison Investment Advisors LLC purchased a new position in Gartner during the fourth quarter valued at approximately $244,799,000. Raymond James Financial Inc. purchased a new position in Gartner during the fourth quarter valued at approximately $165,476,000. Fisher Funds Management LTD purchased a new position in Gartner during the fourth quarter valued at approximately $97,518,000. Proficio Capital Partners LLC purchased a new position in Gartner during the fourth quarter valued at approximately $95,762,000. Finally, Assenagon Asset Management S.A. lifted its holdings in Gartner by 208.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 272,267 shares of the information technology services provider’s stock valued at $131,905,000 after purchasing an additional 183,974 shares in the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Robert W. Baird lowered their price target on shares of Gartner from $605.00 to $557.00 and set an “outperform” rating on the stock in a report on Friday. Wells Fargo & Company reduced their price objective on shares of Gartner from $470.00 to $460.00 and set an “underweight” rating on the stock in a research report on Friday, January 10th. StockNews.com cut shares of Gartner from a “buy” rating to a “hold” rating in a research report on Friday. Morgan Stanley reduced their price objective on shares of Gartner from $564.00 to $555.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 16th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Gartner in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have given 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 $546.63.

Insider Buying and Selling at Gartner

In other Gartner news, SVP John J. Rinello sold 90 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $530.51, for a total transaction of $47,745.90. Following the transaction, the senior vice president now owns 3,259 shares in the company, valued at $1,728,932.09. The trade was a 2.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Eileen Serra sold 1,200 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $489.77, for a total transaction of $587,724.00. Following the transaction, the director now owns 1,627 shares in the company, valued at $796,855.79. This trade represents a 42.45 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.60% of the company’s stock.

Gartner Trading Up 2.7 %

Shares of IT opened at $430.03 on Friday. The company’s fifty day moving average is $502.37 and its 200 day moving average is $507.84. Gartner, Inc. has a fifty-two week low of $409.50 and a fifty-two week high of $584.01. The stock has a market capitalization of $33.03 billion, a PE ratio of 26.83, a P/E/G ratio of 3.30 and a beta of 1.29. 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 (NYSE:IT) last posted its quarterly earnings data on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share for the quarter, beating analysts’ consensus estimates of $3.22 by $2.23. Gartner had a net margin of 20.00% and a return on equity of 116.56%. The business had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.69 billion. During the same quarter in the previous year, the business posted $3.04 earnings per share. The business’s revenue was up 8.1% compared to the same quarter last year. Sell-side analysts expect that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

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.