Gartner, Inc. (NYSE:IT) Shares Sold by American International Group Inc.

American International Group Inc. cut its stake in shares of Gartner, Inc. (NYSE:IT) by 7.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,659 shares of the information technology services provider’s stock after selling 2,025 shares during the quarter. American International Group Inc.’s holdings in Gartner were worth $11,124,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in IT. BKM Wealth Management LLC acquired a new position in shares of Gartner during the fourth quarter valued at $26,000. Frazier Financial Advisors LLC acquired a new position in Gartner during the 4th quarter valued at about $27,000. MCF Advisors LLC bought a new position in Gartner in the 4th quarter worth about $27,000. AdvisorNet Financial Inc increased its stake in shares of Gartner by 59.5% in the fourth quarter. AdvisorNet Financial Inc now owns 67 shares of the information technology services provider’s stock valued at $30,000 after purchasing an additional 25 shares during the period. Finally, DSM Capital Partners LLC bought a new stake in shares of Gartner during the fourth quarter valued at approximately $32,000. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. UBS Group decreased their price objective on Gartner from $550.00 to $510.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. StockNews.com raised shares of Gartner from a “hold” rating to a “buy” rating in a report on Thursday, June 13th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Gartner in a research note on Tuesday, April 16th. They set a “hold” rating and a $507.00 target price on the stock. Robert W. Baird reduced their price target on shares of Gartner from $536.00 to $517.00 and set an “outperform” rating for the company in a research note on Wednesday, May 1st. Finally, BMO Capital Markets lowered their price objective on shares of Gartner from $450.00 to $432.00 and set a “market perform” rating on the stock in a research note on Thursday, May 2nd. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $474.50.

Gartner Trading Up 2.4 %

Shares of NYSE:IT opened at $442.69 on Tuesday. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a market capitalization of $34.37 billion, a price-to-earnings ratio of 44.05, a PEG ratio of 3.78 and a beta of 1.32. Gartner, Inc. has a 1-year low of $323.61 and a 1-year high of $486.54. The company has a 50 day moving average price of $441.04 and a 200 day moving average price of $452.10.

Gartner (NYSE:IT) last released its quarterly earnings data on Tuesday, April 30th. The information technology services provider reported $2.93 earnings per share for the quarter, topping the consensus estimate of $2.53 by $0.40. Gartner had a return on equity of 141.55% and a net margin of 13.35%. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same period last year, the company posted $2.88 EPS. The company’s revenue was up 4.5% compared to the same quarter last year. On average, research analysts anticipate that Gartner, Inc. will post 11.55 EPS for the current fiscal year.

Insider Buying and Selling at Gartner

In other news, Director James C. Smith sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $455.20, for a total transaction of $4,552,000.00. Following the sale, the director now owns 608,369 shares in the company, valued at $276,929,568.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director James C. Smith sold 10,000 shares of Gartner stock in a transaction on Monday, May 20th. The stock was sold at an average price of $455.20, for a total transaction of $4,552,000.00. Following the transaction, the director now owns 608,369 shares in the company, valued at $276,929,568.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Yvonne Genovese sold 439 shares of the stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $456.13, for a total value of $200,241.07. Following the completion of the sale, the executive vice president now directly owns 1,959 shares of the company’s stock, valued at $893,558.67. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,544 shares of company stock valued at $10,079,813. 3.60% of the stock is currently owned by corporate insiders.

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.