Gartner, Inc. (NYSE:IT) Holdings Decreased by Tidal Investments LLC

Tidal Investments LLC reduced its holdings in Gartner, Inc. (NYSE:IT) by 14.7% in the 4th quarter, Holdings Channel reports. The fund owned 7,527 shares of the information technology services provider’s stock after selling 1,297 shares during the period. Tidal Investments LLC’s holdings in Gartner were worth $3,647,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Howard Capital Management Inc. grew its stake in Gartner by 4.4% during the 4th quarter. Howard Capital Management Inc. now owns 452 shares of the information technology services provider’s stock valued at $219,000 after acquiring an additional 19 shares in the last quarter. Gilbert & Cook Inc. boosted its holdings in shares of Gartner by 1.5% during the fourth quarter. Gilbert & Cook Inc. now owns 1,364 shares of the information technology services provider’s stock worth $661,000 after purchasing an additional 20 shares during the period. Dorsey & Whitney Trust CO LLC boosted its holdings in shares of Gartner by 2.5% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 826 shares of the information technology services provider’s stock worth $400,000 after purchasing an additional 20 shares during the period. Sompo Asset Management Co. Ltd. grew its position in Gartner by 1.7% during the fourth quarter. Sompo Asset Management Co. Ltd. now owns 1,210 shares of the information technology services provider’s stock valued at $586,000 after purchasing an additional 20 shares in the last quarter. Finally, Parallel Advisors LLC increased its stake in Gartner by 2.9% in the 4th quarter. Parallel Advisors LLC now owns 737 shares of the information technology services provider’s stock valued at $357,000 after buying an additional 21 shares during the period. 91.51% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP William James Wartinbee III sold 538 shares of Gartner stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $449.09, for a total value of $241,610.42. Following the transaction, the executive vice president now owns 7,965 shares in the company, valued at $3,577,001.85. This trade represents a 6.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Craig Safian sold 3,415 shares of the business’s stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $450.17, for a total transaction of $1,537,330.55. Following the transaction, the chief financial officer now directly owns 77,890 shares of the company’s stock, valued at approximately $35,063,741.30. This represents a 4.20% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,001 shares of company stock worth $2,736,801. 2.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. UBS Group increased their target price on shares of Gartner from $500.00 to $525.00 and gave the stock a “buy” rating in a research report on Wednesday, May 7th. Robert W. Baird cut their price objective on Gartner from $605.00 to $557.00 and set an “outperform” rating for the company in a report on Friday, March 21st. The Goldman Sachs Group reduced their price objective on Gartner from $622.00 to $535.00 and set a “buy” rating for the company in a research report on Wednesday, May 7th. StockNews.com lowered Gartner from a “buy” rating to a “hold” rating in a research report on Friday, March 21st. Finally, Barclays cut their price target on Gartner from $510.00 to $475.00 and set an “overweight” rating for the company in a research note on Monday, April 21st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $518.67.

Gartner Trading Down 0.4%

Gartner stock opened at $447.70 on Wednesday. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market capitalization of $34.39 billion, a price-to-earnings ratio of 27.93, a PEG ratio of 3.30 and a beta of 1.24. Gartner, Inc. has a one year low of $366.05 and a one year high of $584.01. The company’s fifty day moving average price is $420.53 and its two-hundred day moving average price is $478.96.

Gartner (NYSE:IT) last released its quarterly earnings results on Tuesday, May 6th. The information technology services provider reported $2.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.72 by $0.26. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. Gartner had a return on equity of 116.56% and a net margin of 20.00%. The firm’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.93 EPS. On average, analysts forecast that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

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.