WINTON GROUP Ltd lowered its stake in shares of Gartner Inc (NYSE:IT) by 14.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,319 shares of the information technology services provider’s stock after selling 550 shares during the period. WINTON GROUP Ltd’s holdings in Gartner were worth $409,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its holdings in Gartner by 4.6% during the fourth quarter. Geode Capital Management LLC now owns 1,024,977 shares of the information technology services provider’s stock worth $125,975,000 after buying an additional 44,980 shares in the last quarter. Amalgamated Bank boosted its holdings in Gartner by 5.2% during the fourth quarter. Amalgamated Bank now owns 18,952 shares of the information technology services provider’s stock worth $2,334,000 after buying an additional 935 shares in the last quarter. Lunia Capital LP purchased a new stake in Gartner during the fourth quarter worth about $9,859,000. Mackenzie Financial Corp lifted its holdings in shares of Gartner by 40.6% in the fourth quarter. Mackenzie Financial Corp now owns 202,176 shares of the information technology services provider’s stock valued at $24,898,000 after purchasing an additional 58,429 shares in the last quarter. Finally, Burgundy Asset Management Ltd. lifted its holdings in shares of Gartner by 2.3% in the fourth quarter. Burgundy Asset Management Ltd. now owns 397,583 shares of the information technology services provider’s stock valued at $48,962,000 after purchasing an additional 8,932 shares in the last quarter. 96.78% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Gartner Inc (IT) opened at $124.20 on Tuesday. Gartner Inc has a fifty-two week low of $107.00 and a fifty-two week high of $142.16. The stock has a market cap of $11,155.20, a PE ratio of 37.22, a price-to-earnings-growth ratio of 2.02 and a beta of 1.22. The company has a debt-to-equity ratio of 2.95, a current ratio of 0.92 and a quick ratio of 0.92.
IT has been the topic of several recent research reports. Royal Bank of Canada reaffirmed a “top pick” rating and issued a $144.00 price target on shares of Gartner in a report on Friday, February 16th. BMO Capital Markets reduced their price target on shares of Gartner from $139.00 to $135.00 and set an “outperform” rating on the stock in a report on Wednesday, February 7th. Zacks Investment Research downgraded shares of Gartner from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. TheStreet downgraded shares of Gartner from a “b” rating to a “c+” rating in a report on Wednesday, February 28th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and issued a $139.00 price target on shares of Gartner in a report on Tuesday, February 6th. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Gartner presently has an average rating of “Buy” and an average target price of $138.90.
In related news, CEO Eugene A. Hall sold 15,891 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $117.28, for a total transaction of $1,863,696.48. Following the transaction, the chief executive officer now owns 1,173,780 shares of the company’s stock, valued at $137,660,918.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Eugene A. Hall sold 49,687 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $116.39, for a total transaction of $5,783,069.93. The disclosure for this sale can be found here. Insiders have sold 81,855 shares of company stock worth $9,573,026 in the last three months. Insiders own 4.30% of the company’s stock.
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Gartner, Inc is an information technology research and advisory company. The Company works with clients to research, analyze and interpret the business of information technology (IT), supply chain and marketing within the context of their individual roles. It operates in three segments: Research, Consulting and Events.
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