Blue Trust Inc. Decreases Position in Gartner, Inc. (NYSE:IT)

Blue Trust Inc. reduced its stake in Gartner, Inc. (NYSE:IT) by 69.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 344 shares of the information technology services provider’s stock after selling 782 shares during the quarter. Blue Trust Inc.’s holdings in Gartner were worth $167,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Baron Wealth Management LLC increased its stake in Gartner by 4.1% during the third quarter. Baron Wealth Management LLC now owns 481 shares of the information technology services provider’s stock worth $244,000 after acquiring an additional 19 shares during the last quarter. Fortitude Family Office LLC boosted its holdings in Gartner by 23.8% in the third quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider’s stock valued at $53,000 after purchasing an additional 20 shares during the last quarter. Gilbert & Cook Inc. lifted its holdings in Gartner by 1.5% during the 4th quarter. Gilbert & Cook Inc. now owns 1,364 shares of the information technology services provider’s stock worth $661,000 after buying an additional 20 shares during the last quarter. Harbor Capital Advisors Inc. lifted its holdings in Gartner by 2.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 917 shares of the information technology services provider’s stock worth $444,000 after buying an additional 22 shares during the last quarter. Finally, Western Financial Corp CA lifted its holdings in Gartner by 1.0% during the 4th quarter. Western Financial Corp CA now owns 2,259 shares of the information technology services provider’s stock worth $1,094,000 after buying an additional 23 shares during the last quarter. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Gartner

In related news, EVP Claire Herkes sold 411 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $521.24, for a total transaction of $214,229.64. Following the sale, the executive vice president now directly owns 1,494 shares in the company, valued at $778,732.56. This represents a 21.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP John J. Rinello sold 90 shares of the company’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $530.51, for a total value of $47,745.90. Following the transaction, the senior vice president now directly owns 3,259 shares in the company, valued at approximately $1,728,932.09. This represents a 2.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,690 shares of company stock valued at $2,981,025 in the last quarter. Corporate insiders own 3.60% of the company’s stock.

Gartner Price Performance

NYSE IT opened at $503.03 on Friday. Gartner, Inc. has a twelve month low of $411.15 and a twelve month high of $584.01. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market capitalization of $38.80 billion, a PE ratio of 31.38, a P/E/G ratio of 3.36 and a beta of 1.34. The stock has a 50-day simple moving average of $509.84 and a 200 day simple moving average of $508.84.

Gartner (NYSE:IT) last posted its quarterly earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 EPS for the quarter, beating the consensus estimate of $3.22 by $2.23. The firm had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.69 billion. Gartner had a return on equity of 116.56% and a net margin of 20.00%. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.04 EPS. Research analysts anticipate that Gartner, Inc. will post 12.5 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Robert W. Baird increased their price target on Gartner from $579.00 to $605.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. Barclays raised Gartner from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $525.00 to $600.00 in a research report on Friday, January 10th. Deutsche Bank Aktiengesellschaft lifted their price target on Gartner from $529.00 to $531.00 and gave the company a “hold” rating in a report on Wednesday, November 6th. Morgan Stanley lowered their target price on Gartner from $564.00 to $555.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 16th. Finally, StockNews.com upgraded Gartner from a “hold” rating to a “buy” rating in a research note on Wednesday, February 12th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $552.63.

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.