Gartner, Inc. (NYSE:IT) Stock Position Decreased by Optimist Retirement Group LLC

Optimist Retirement Group LLC trimmed its position in shares of Gartner, Inc. (NYSE:IT) by 17.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 489 shares of the information technology services provider’s stock after selling 102 shares during the quarter. Optimist Retirement Group LLC’s holdings in Gartner were worth $220,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Frazier Financial Advisors LLC acquired a new stake in Gartner in the fourth quarter valued at approximately $27,000. DSM Capital Partners LLC acquired a new stake in shares of Gartner in the 4th quarter valued at $32,000. Central Pacific Bank Trust Division bought a new stake in Gartner in the first quarter worth $36,000. Crewe Advisors LLC increased its position in Gartner by 223.3% during the second quarter. Crewe Advisors LLC now owns 97 shares of the information technology services provider’s stock worth $44,000 after buying an additional 67 shares during the last quarter. Finally, J.Safra Asset Management Corp raised its holdings in Gartner by 58.7% during the first quarter. J.Safra Asset Management Corp now owns 146 shares of the information technology services provider’s stock valued at $70,000 after buying an additional 54 shares in the last quarter. Institutional investors own 91.51% of the company’s stock.

Gartner Price Performance

Shares of IT stock opened at $506.49 on Thursday. The company has a market capitalization of $39.32 billion, a P/E ratio of 50.40, a P/E/G ratio of 3.89 and a beta of 1.32. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 3.80. Gartner, Inc. has a 12 month low of $323.61 and a 12 month high of $515.09. The stock has a 50 day moving average of $480.57 and a two-hundred day moving average of $461.49.

Gartner (NYSE:IT) last issued its earnings results on Tuesday, July 30th. The information technology services provider reported $3.22 EPS for the quarter, topping the consensus estimate of $3.02 by $0.20. The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Gartner had a return on equity of 142.05% and a net margin of 13.67%. Gartner’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period last year, the business earned $2.85 earnings per share. As a group, equities analysts expect that Gartner, Inc. will post 11.59 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on IT shares. Wells Fargo & Company upgraded Gartner to a “strong sell” rating in a research note on Tuesday, August 13th. UBS Group upped their target price on Gartner from $510.00 to $580.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. BMO Capital Markets increased their price target on Gartner from $450.00 to $510.00 and gave the company a “market perform” rating in a report on Wednesday, July 31st. Morgan Stanley upped their price objective on shares of Gartner from $440.00 to $470.00 and gave the stock an “equal weight” rating in a report on Thursday, July 11th. Finally, Robert W. Baird lifted their target price on shares of Gartner from $517.00 to $565.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $521.00.

Insider Activity

In related news, EVP Alwyn Dawkins sold 1,000 shares of the stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $505.49, for a total value of $505,490.00. Following the completion of the transaction, the executive vice president now owns 56,650 shares of the company’s stock, valued at $28,636,008.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Gartner news, EVP Akhil Jain sold 400 shares of Gartner stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $485.00, for a total transaction of $194,000.00. Following the completion of the transaction, the executive vice president now directly owns 4,839 shares of the company’s stock, valued at $2,346,915. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Alwyn Dawkins sold 1,000 shares of the company’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $505.49, for a total transaction of $505,490.00. Following the completion of the sale, the executive vice president now directly owns 56,650 shares in the company, valued at approximately $28,636,008.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 65,164 shares of company stock worth $32,601,014. Corporate insiders own 3.60% 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.