Gartner, Inc. (NYSE:IT) Shares Sold by Sei Investments Co.

Sei Investments Co. reduced its position in Gartner, Inc. (NYSE:IT) by 9.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 126,863 shares of the information technology services provider’s stock after selling 12,482 shares during the quarter. Sei Investments Co. owned about 0.16% of Gartner worth $56,971,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. DSM Capital Partners LLC purchased a new stake in shares of Gartner during the 4th quarter valued at about $32,000. Central Pacific Bank Trust Division acquired a new position in shares of Gartner during the first quarter worth approximately $36,000. Crewe Advisors LLC boosted its position in Gartner by 223.3% during the 2nd quarter. Crewe Advisors LLC now owns 97 shares of the information technology services provider’s stock worth $44,000 after acquiring an additional 67 shares during the period. J.Safra Asset Management Corp grew its position in Gartner by 58.7% in the 1st 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. Finally, Rothschild Investment LLC bought a new position in shares of Gartner in the second quarter valued at approximately $94,000. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Gartner

In other Gartner news, Director Karen E. Dykstra sold 1,683 shares of the company’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $465.55, for a total value of $783,520.65. Following the transaction, the director now directly owns 19,825 shares of the company’s stock, valued at approximately $9,229,528.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Karen E. Dykstra sold 1,683 shares of Gartner stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $465.55, for a total value of $783,520.65. Following the transaction, the director now directly owns 19,825 shares of the company’s stock, valued at $9,229,528.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Alwyn Dawkins sold 1,000 shares of the business’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $505.49, for a total value of $505,490.00. Following the transaction, the executive vice president now directly owns 56,650 shares of the company’s stock, valued at approximately $28,636,008.50. The disclosure for this sale can be found here. In the last three months, insiders sold 65,164 shares of company stock worth $32,601,014. 3.60% of the stock is owned by company insiders.

Gartner Stock Performance

Shares of Gartner stock opened at $513.59 on Monday. The company has a market capitalization of $39.87 billion, a PE ratio of 51.10, a PEG 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. The stock’s fifty day simple moving average is $483.06 and its 200 day simple moving average is $462.12. Gartner, Inc. has a 12 month low of $323.61 and a 12 month high of $517.48.

Gartner (NYSE:IT) last released its quarterly earnings results on Tuesday, July 30th. The information technology services provider reported $3.22 earnings per share for the quarter, topping analysts’ consensus estimates of $3.02 by $0.20. Gartner had a return on equity of 142.05% and a net margin of 13.67%. The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter in the prior year, the firm posted $2.85 EPS. The business’s revenue was up 6.1% on a year-over-year basis. On average, research analysts predict that Gartner, Inc. will post 11.59 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. UBS Group upped their price target on shares of Gartner from $510.00 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. Robert W. Baird upped their target price on Gartner from $517.00 to $565.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. BMO Capital Markets increased their price target on shares of Gartner from $450.00 to $510.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 31st. Finally, Wells Fargo & Company upgraded Gartner to a “strong sell” rating in a research note on Tuesday, August 13th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $521.00.

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.