Gartner, Inc. (NYSE:IT) Shares Sold by Blair William & Co. IL

Blair William & Co. IL lowered its stake in Gartner, Inc. (NYSE:IT) by 53.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 40,798 shares of the information technology services provider’s stock after selling 47,751 shares during the quarter. Blair William & Co. IL owned about 0.05% of Gartner worth $18,321,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in IT. Frazier Financial Advisors LLC acquired a new stake in shares of Gartner during the fourth quarter worth about $27,000. DSM Capital Partners LLC acquired a new stake in shares of Gartner during the fourth quarter worth about $32,000. Central Pacific Bank Trust Division acquired a new stake in shares of Gartner during the first quarter worth about $36,000. Crewe Advisors LLC lifted its position in shares of 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 purchasing an additional 67 shares in the last quarter. Finally, J.Safra Asset Management Corp raised its holdings in Gartner by 58.7% in 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 acquiring an additional 54 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insider Transactions at Gartner

In other news, Director Karen E. Dykstra sold 1,683 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $465.55, for a total transaction of $783,520.65. Following the transaction, the director now directly owns 19,825 shares in the company, valued at $9,229,528.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, EVP Yvonne Genovese sold 443 shares of Gartner stock in a transaction on Monday, August 26th. The shares were sold at an average price of $483.62, for a total value of $214,243.66. Following the transaction, the executive vice president now directly owns 1,959 shares in the company, valued at approximately $947,411.58. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Karen E. Dykstra sold 1,683 shares of Gartner stock in a transaction on Monday, August 5th. The shares were sold at an average price of $465.55, for a total transaction of $783,520.65. Following the completion of the transaction, the director now owns 19,825 shares in the company, valued at $9,229,528.75. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 65,164 shares of company stock worth $32,601,014. Insiders own 3.60% of the company’s stock.

Gartner Stock Performance

Shares of Gartner stock opened at $513.42 on Friday. The firm has a market capitalization of $39.86 billion, a P/E ratio of 51.09, a P/E/G ratio of 3.89 and a beta of 1.32. Gartner, Inc. has a 52 week low of $323.61 and a 52 week high of $517.48. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 3.80. The firm’s 50 day moving average is $481.90 and its two-hundred day moving average is $461.86.

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Wells Fargo & Company raised shares of Gartner to a “strong sell” rating in a report on Tuesday, August 13th. Bank of America raised their target price on shares of Gartner from $525.00 to $580.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. StockNews.com cut shares of Gartner from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. BMO Capital Markets raised their target price on shares of Gartner from $450.00 to $510.00 and gave the company a “market perform” rating in a report on Wednesday, July 31st. Finally, UBS Group raised their target price on shares of Gartner from $510.00 to $580.00 and gave the company a “buy” 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’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $521.00.

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.