Snowden Capital Advisors LLC Sells 395 Shares of Gartner, Inc. (NYSE:IT)

Snowden Capital Advisors LLC trimmed its holdings in Gartner, Inc. (NYSE:IT) by 20.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,573 shares of the information technology services provider’s stock after selling 395 shares during the quarter. Snowden Capital Advisors LLC’s holdings in Gartner were worth $762,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Norges Bank bought a new position in Gartner during the fourth quarter valued at approximately $460,541,000. Madison Investment Advisors LLC purchased a new stake in shares of Gartner during the 4th quarter worth approximately $244,799,000. Raymond James Financial Inc. bought a new position in shares of Gartner during the 4th quarter valued at approximately $165,476,000. BNP Paribas Financial Markets grew its holdings in shares of Gartner by 184.6% in the fourth quarter. BNP Paribas Financial Markets now owns 390,472 shares of the information technology services provider’s stock valued at $189,172,000 after purchasing an additional 253,288 shares in the last quarter. Finally, FMR LLC increased its position in Gartner by 8.6% in the fourth quarter. FMR LLC now owns 2,822,122 shares of the information technology services provider’s stock worth $1,367,233,000 after purchasing an additional 223,087 shares during the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

Gartner Stock Up 0.4%

Shares of NYSE:IT opened at $450.03 on Tuesday. 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 business has a 50 day simple moving average of $420.61 and a two-hundred day simple moving average of $479.18. Gartner, Inc. has a 1 year low of $366.05 and a 1 year high of $584.01. The firm has a market capitalization of $34.57 billion, a PE ratio of 28.07, a price-to-earnings-growth ratio of 3.30 and a beta of 1.24.

Gartner (NYSE:IT) last announced its quarterly earnings data on Tuesday, May 6th. The information technology services provider reported $2.98 EPS for the quarter, beating the consensus estimate of $2.72 by $0.26. Gartner had a return on equity of 116.56% and a net margin of 20.00%. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the prior year, the company posted $2.93 EPS. Gartner’s quarterly revenue was up 4.2% on a year-over-year basis. On average, equities analysts predict that Gartner, Inc. will post 12.5 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on IT. StockNews.com lowered shares of Gartner from a “buy” rating to a “hold” rating in a research report on Friday, March 21st. The Goldman Sachs Group decreased their target price on shares of Gartner from $622.00 to $535.00 and set a “buy” rating on the stock in a research report on Wednesday, May 7th. Barclays dropped their price target on Gartner from $510.00 to $475.00 and set an “overweight” rating for the company in a research report on Monday, April 21st. UBS Group boosted their price objective on Gartner from $500.00 to $525.00 and gave the stock a “buy” rating in a research note on Wednesday, May 7th. Finally, Robert W. Baird lowered their price objective on Gartner from $605.00 to $557.00 and set an “outperform” rating for the company in a research note on Friday, March 21st. 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $518.67.

Insider Buying and Selling

In other Gartner news, CFO Craig Safian sold 3,415 shares of Gartner stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $450.17, for a total transaction of $1,537,330.55. Following the completion of the sale, the chief financial officer now directly owns 77,890 shares of the company’s stock, valued at $35,063,741.30. The trade was a 4.20% 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 109 shares of the stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $436.35, for a total value of $47,562.15. Following the transaction, the senior vice president now directly owns 3,280 shares in the company, valued at $1,431,228. The trade was a 3.22% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,001 shares of company stock valued at $2,736,801 in the last 90 days. Company insiders own 2.30% of the company’s stock.

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.