Legacy Private Trust Co. Sells 105 Shares of Gartner, Inc. (NYSE:IT)

Legacy Private Trust Co. lessened its holdings in Gartner, Inc. (NYSE:IT) by 20.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 400 shares of the information technology services provider’s stock after selling 105 shares during the period. Legacy Private Trust Co.’s holdings in Gartner were worth $203,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Mather Group LLC. increased its position in Gartner by 14.1% in the third quarter. Mather Group LLC. now owns 1,231 shares of the information technology services provider’s stock worth $624,000 after purchasing an additional 152 shares during the last quarter. Miracle Mile Advisors LLC increased its position in Gartner by 15.4% during the third quarter. Miracle Mile Advisors LLC now owns 548 shares of the information technology services provider’s stock valued at $278,000 after acquiring an additional 73 shares during the last quarter. Diversified Trust Co bought a new position in Gartner during the third quarter valued at $201,000. GAMMA Investing LLC increased its position in Gartner by 59.0% during the third quarter. GAMMA Investing LLC now owns 1,051 shares of the information technology services provider’s stock valued at $533,000 after acquiring an additional 390 shares during the last quarter. Finally, Czech National Bank increased its position in Gartner by 6.1% during the third quarter. Czech National Bank now owns 15,697 shares of the information technology services provider’s stock valued at $7,955,000 after acquiring an additional 903 shares during the last quarter. Institutional investors own 91.51% of the company’s stock.

Insiders Place Their Bets

In other Gartner news, Director Karen E. Dykstra sold 1,683 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $465.55, for a total value of $783,520.65. Following the completion of the transaction, the director now directly owns 19,825 shares in the company, valued at approximately $9,229,528.75. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Gartner news, Director Karen E. Dykstra sold 1,683 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $465.55, for a total value of $783,520.65. Following the completion of the transaction, the director now directly owns 19,825 shares in the company, valued at approximately $9,229,528.75. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Claire Herkes sold 478 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $506.01, for a total transaction of $241,872.78. Following the completion of the transaction, the executive vice president now owns 1,905 shares of the company’s stock, valued at $963,949.05. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 65,164 shares of company stock worth $32,601,014. 3.60% of the stock is owned by corporate insiders.

Gartner Stock Up 0.7 %

NYSE:IT opened at $513.37 on Wednesday. Gartner, Inc. has a 1-year low of $323.61 and a 1-year high of $521.64. The company has a 50-day moving average of $493.60 and a 200 day moving average of $465.21. The firm has a market cap of $39.85 billion, a PE ratio of 51.08, a price-to-earnings-growth ratio of 3.21 and a beta of 1.32. 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 (NYSE:IT) last released its quarterly earnings data 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 net margin of 13.67% and a return on equity of 142.05%. The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same period in the prior year, the firm earned $2.85 earnings per share. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. As a group, research analysts anticipate that Gartner, Inc. will post 11.65 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on IT. 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. Wells Fargo & Company upgraded shares of Gartner to a “strong sell” rating in a research report on Tuesday, August 13th. StockNews.com lowered shares of Gartner from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Bank of America boosted their target price on shares of Gartner from $525.00 to $580.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, BMO Capital Markets boosted their target price on shares of Gartner from $450.00 to $510.00 and gave the company a “market perform” rating in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Gartner has an average rating of “Hold” and an average price target of $521.00.

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.