Central Pacific Bank Trust Division Sells 1,101 Shares of Gartner, Inc. (NYSE:IT)

Central Pacific Bank Trust Division cut its position in Gartner, Inc. (NYSE:IT) by 91.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 100 shares of the information technology services provider’s stock after selling 1,101 shares during the period. Central Pacific Bank Trust Division’s holdings in Gartner were worth $51,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Tower Research Capital LLC TRC grew its stake in Gartner by 14.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 11,229 shares of the information technology services provider’s stock valued at $5,066,000 after acquiring an additional 1,381 shares in the last quarter. Cetera Advisor Networks LLC lifted its holdings in shares of Gartner by 118.9% in the 4th quarter. Cetera Advisor Networks LLC now owns 11,977 shares of the information technology services provider’s stock worth $5,403,000 after acquiring an additional 6,506 shares during the last quarter. Cibc World Markets Corp boosted its stake in shares of Gartner by 131.1% during the 4th quarter. Cibc World Markets Corp now owns 10,054 shares of the information technology services provider’s stock worth $4,535,000 after purchasing an additional 5,703 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of Gartner by 1.2% during the 4th quarter. Envestnet Asset Management Inc. now owns 327,440 shares of the information technology services provider’s stock worth $147,711,000 after purchasing an additional 3,867 shares during the period. Finally, Vinva Investment Management Ltd boosted its stake in shares of Gartner by 27.4% during the 4th quarter. Vinva Investment Management Ltd now owns 2,742 shares of the information technology services provider’s stock worth $1,240,000 after purchasing an additional 590 shares during the period. 91.51% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Gartner news, EVP Akhil Jain sold 400 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $485.00, for a total transaction of $194,000.00. Following the transaction, the executive vice president now directly owns 4,839 shares of the company’s stock, valued at $2,346,915. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, EVP Akhil Jain sold 400 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $485.00, for a total value of $194,000.00. Following the completion of the sale, the executive vice president now directly owns 4,839 shares in the company, valued at $2,346,915. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Claire Herkes sold 478 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $506.01, for a total transaction of $241,872.78. Following the completion of the sale, the executive vice president now owns 1,905 shares of the company’s stock, valued at $963,949.05. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 65,164 shares of company stock valued at $32,601,014. Corporate insiders own 3.60% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Robert W. Baird boosted their price objective on shares of Gartner from $517.00 to $565.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Bank of America upped their price target on shares of Gartner from $525.00 to $580.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Morgan Stanley upped their price target on shares of Gartner from $440.00 to $470.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 11th. Wells Fargo & Company upgraded shares of Gartner to a “strong sell” rating in a research note on Tuesday, August 13th. Finally, StockNews.com lowered shares of Gartner from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $521.00.

Gartner Stock Performance

Gartner stock traded up $5.42 during mid-day trading on Friday, reaching $513.71. 271,111 shares of the company traded hands, compared to its average volume of 381,447. The company has a debt-to-equity ratio of 3.80, a current ratio of 0.90 and a quick ratio of 0.90. Gartner, Inc. has a fifty-two week low of $323.61 and a fifty-two week high of $521.64. The company has a market capitalization of $39.88 billion, a price-to-earnings ratio of 51.14, a price-to-earnings-growth ratio of 3.21 and a beta of 1.32. The firm’s fifty day moving average is $492.53 and its two-hundred day moving average is $464.97.

Gartner (NYSE:IT) last issued its quarterly earnings results on Tuesday, July 30th. The information technology services provider reported $3.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.02 by $0.20. Gartner had a net margin of 13.67% and a return on equity of 142.05%. The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the prior year, the business posted $2.85 EPS. Gartner’s revenue for the quarter was up 6.1% compared to the same quarter last year. On average, equities research analysts expect that Gartner, Inc. will post 11.65 earnings per share for the current fiscal year.

Gartner 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.