Gartner, Inc. (NYSE:IT) Shares Sold by MML Investors Services LLC

MML Investors Services LLC trimmed its holdings in shares of Gartner, Inc. (NYSE:IT) by 55.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,274 shares of the information technology services provider’s stock after selling 4,123 shares during the period. MML Investors Services LLC’s holdings in Gartner were worth $1,586,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Norges Bank bought a new stake in shares of Gartner in the 4th quarter worth $460,541,000. Madison Investment Advisors LLC bought a new stake in Gartner in the fourth quarter worth about $244,799,000. Raymond James Financial Inc. acquired a new stake in Gartner in the 4th quarter valued at about $165,476,000. FMR LLC boosted its position in shares of Gartner by 8.6% during 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 purchasing an additional 223,087 shares in the last quarter. Finally, Fisher Funds Management LTD acquired a new position in shares of Gartner in the 4th quarter worth approximately $97,518,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insider Activity at Gartner

In related news, Director Eileen Serra sold 1,200 shares of Gartner stock in a transaction on Monday, February 24th. The shares were 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 of the company’s stock, valued at approximately $796,855.79. The trade was a 42.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP John J. Rinello sold 90 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $530.51, for a total transaction of $47,745.90. Following the transaction, the senior vice president now directly 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 disclosure for this sale can be found here. Insiders own 3.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. The Goldman Sachs Group reissued a “buy” rating on shares of Gartner in a research note on Tuesday, February 4th. StockNews.com lowered Gartner from a “buy” rating to a “hold” rating in a research note on Friday, March 21st. Morgan Stanley cut their target price on Gartner from $564.00 to $555.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 16th. Wells Fargo & Company decreased their price target on Gartner from $488.00 to $401.00 and set an “underweight” rating for the company in a research report on Wednesday, April 9th. Finally, Barclays cut their price objective on Gartner from $510.00 to $475.00 and set an “overweight” rating on the stock in a report on Monday, April 21st. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $513.63.

Gartner Trading Up 1.2 %

NYSE:IT opened at $420.86 on Wednesday. The stock has a market cap of $32.33 billion, a PE ratio of 26.25, a price-to-earnings-growth ratio of 3.30 and a beta of 1.26. Gartner, Inc. has a fifty-two week low of $366.05 and a fifty-two week high of $584.01. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 1.06. The stock’s 50-day moving average is $434.22 and its two-hundred day moving average is $487.62.

Gartner (NYSE:IT) last released its quarterly earnings data 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. The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.69 billion. Gartner had a net margin of 20.00% and a return on equity of 116.56%. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.04 EPS. As a group, equities research analysts forecast 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.