CIBC Private Wealth Group LLC Sells 6,739 Shares of Gartner, Inc. (NYSE:IT)

CIBC Private Wealth Group LLC lessened its holdings in shares of Gartner, Inc. (NYSE:IT) by 3.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 195,928 shares of the information technology services provider’s stock after selling 6,739 shares during the period. CIBC Private Wealth Group LLC owned 0.25% of Gartner worth $97,071,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IT. Howard Capital Management Inc. boosted its holdings in Gartner by 4.4% in the fourth quarter. Howard Capital Management Inc. now owns 452 shares of the information technology services provider’s stock worth $219,000 after purchasing an additional 19 shares during the last quarter. Gilbert & Cook Inc. lifted its holdings in shares of Gartner by 1.5% during the 4th quarter. Gilbert & Cook Inc. now owns 1,364 shares of the information technology services provider’s stock valued at $661,000 after buying an additional 20 shares during the period. Dorsey & Whitney Trust CO LLC boosted its stake in shares of Gartner by 2.5% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 826 shares of the information technology services provider’s stock worth $400,000 after buying an additional 20 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of Gartner by 2.9% in the fourth quarter. Parallel Advisors LLC now owns 737 shares of the information technology services provider’s stock worth $357,000 after acquiring an additional 21 shares during the period. Finally, Harbor Capital Advisors Inc. increased its position in Gartner by 2.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 917 shares of the information technology services provider’s stock valued at $444,000 after acquiring an additional 22 shares during the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

IT has been the topic of several research reports. Robert W. Baird dropped their target price on Gartner from $605.00 to $557.00 and set an “outperform” rating on the stock in a research report on Friday, March 21st. The Goldman Sachs Group restated a “buy” rating on shares of Gartner in a research report on Tuesday, February 4th. Wells Fargo & Company decreased their price target 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. Barclays raised shares of Gartner from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $525.00 to $600.00 in a research report on Friday, January 10th. Finally, UBS Group decreased their target price on Gartner from $565.00 to $500.00 and set a “buy” rating on the stock in a report on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $536.63.

Insider Buying and Selling

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

Gartner Stock Down 1.5 %

Shares of IT stock opened at $418.57 on Monday. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 1.06. Gartner, Inc. has a one year low of $409.50 and a one year high of $584.01. The company’s fifty day moving average price is $494.18 and its 200-day moving average price is $505.61. The company has a market capitalization of $32.15 billion, a price-to-earnings ratio of 26.11, a PEG ratio of 3.30 and a beta of 1.29.

Gartner (NYSE:IT) last posted its quarterly earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 EPS for the quarter, beating analysts’ consensus estimates of $3.22 by $2.23. The business had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.69 billion. Gartner had a return on equity of 116.56% and a net margin of 20.00%. The business’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period last year, the firm earned $3.04 earnings per share. Sell-side analysts expect that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Gartner Company 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.