Gartner, Inc. (NYSE:IT) Shares Sold by Cerity Partners LLC

Cerity Partners LLC trimmed its stake in Gartner, Inc. (NYSE:IT) by 7.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,964 shares of the information technology services provider’s stock after selling 1,204 shares during the period. Cerity Partners LLC’s holdings in Gartner were worth $7,893,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Gartner by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 9,268,639 shares of the information technology services provider’s stock valued at $4,490,378,000 after buying an additional 100,917 shares during the last quarter. FMR LLC increased its holdings in shares of Gartner by 8.6% in the 4th quarter. FMR LLC now owns 2,822,122 shares of the information technology services provider’s stock valued at $1,367,233,000 after acquiring an additional 223,087 shares during the period. Geode Capital Management LLC raised its position in Gartner by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 2,063,577 shares of the information technology services provider’s stock valued at $998,400,000 after purchasing an additional 45,219 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Gartner by 0.6% during the 4th quarter. Principal Financial Group Inc. now owns 2,012,799 shares of the information technology services provider’s stock worth $975,141,000 after purchasing an additional 11,657 shares during the period. Finally, Wellington Management Group LLP grew its position in Gartner by 12.7% during the 4th quarter. Wellington Management Group LLP now owns 1,662,005 shares of the information technology services provider’s stock worth $805,192,000 after purchasing an additional 187,854 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Gartner Price Performance

Gartner stock opened at $399.84 on Friday. 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 one year low of $366.05 and a one year high of $584.01. The company has a market cap of $30.71 billion, a P/E ratio of 24.94, a price-to-earnings-growth ratio of 3.30 and a beta of 1.26. The business has a fifty day moving average of $461.38 and a two-hundred day moving average of $496.34.

Gartner (NYSE:IT) last released its quarterly earnings data on Tuesday, February 4th. The information technology services provider reported $5.45 EPS for the quarter, topping 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 firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter in the previous year, the firm earned $3.04 earnings per share. The firm’s revenue was up 8.1% on a year-over-year basis. As a group, analysts predict that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. UBS Group reduced their target price on shares of Gartner from $565.00 to $500.00 and set a “buy” rating for the company in a report on Tuesday, March 25th. Morgan Stanley decreased their price objective 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. StockNews.com lowered Gartner from a “buy” rating to a “hold” rating in a report on Friday, March 21st. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Gartner in a report on Tuesday, February 4th. Finally, Wells Fargo & Company dropped their price objective on shares of Gartner from $488.00 to $401.00 and set an “underweight” rating on the stock in a research note on Wednesday. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Gartner has an average rating of “Hold” and an average target price of $518.00.

Insider Activity at Gartner

In related news, Director Eileen Serra sold 1,200 shares of Gartner stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $489.77, for a total transaction of $587,724.00. Following the completion of the transaction, the director now directly owns 1,627 shares in the company, valued at $796,855.79. The trade was a 42.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP John J. Rinello sold 90 shares of the stock in a transaction on Monday, February 10th. The shares were 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 in the company, valued at approximately $1,728,932.09. This trade represents a 2.69 % decrease in their position. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by company insiders.

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.