Gartner, Inc. (NYSE:IT) Stock Holdings Decreased by Norden Group LLC

Norden Group LLC reduced its position in Gartner, Inc. (NYSE:IT) by 9.4% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 3,227 shares of the information technology services provider’s stock after selling 335 shares during the quarter. Norden Group LLC’s holdings in Gartner were worth $1,449,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Frazier Financial Advisors LLC purchased a new position in Gartner during the fourth quarter valued at approximately $27,000. DSM Capital Partners LLC purchased a new position in Gartner during the fourth quarter valued at approximately $32,000. Central Pacific Bank Trust Division purchased a new position in Gartner during the first quarter valued at approximately $36,000. Crewe Advisors LLC grew its position in Gartner by 223.3% during the second quarter. Crewe Advisors LLC now owns 97 shares of the information technology services provider’s stock valued at $44,000 after purchasing an additional 67 shares in the last quarter. Finally, J.Safra Asset Management Corp grew its position in Gartner by 58.7% during the first quarter. J.Safra Asset Management Corp now owns 146 shares of the information technology services provider’s stock valued at $70,000 after purchasing an additional 54 shares in the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Gartner

In related news, EVP Alwyn Dawkins sold 1,000 shares of the company’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $505.49, for a total transaction of $505,490.00. Following the completion of the transaction, the executive vice president now directly owns 56,650 shares in the company, valued at approximately $28,636,008.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Karen E. Dykstra sold 1,683 shares of the stock in a transaction on 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 owns 19,825 shares in the company, valued at approximately $9,229,528.75. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Alwyn Dawkins sold 1,000 shares of the stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $505.49, for a total transaction of $505,490.00. Following the completion of the transaction, the executive vice president now owns 56,650 shares of the company’s stock, valued at approximately $28,636,008.50. The disclosure for this sale can be found here. Insiders sold a total of 27,998 shares of company stock worth $13,834,898 in the last ninety days. 3.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have commented on IT. BMO Capital Markets boosted their target price on shares of Gartner from $450.00 to $510.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 31st. Wells Fargo & Company raised shares of Gartner to a “strong sell” rating in a research report on Tuesday, August 13th. Morgan Stanley boosted their target price 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. StockNews.com downgraded shares of Gartner from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Finally, Robert W. Baird boosted their target price on shares of Gartner from $517.00 to $565.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $521.00.

Gartner Stock Performance

Shares of Gartner stock traded up $0.22 on Friday, reaching $483.68. The stock had a trading volume of 356,677 shares, compared to its average volume of 391,639. The business’s 50-day moving average price is $471.55 and its two-hundred day moving average price is $458.93. The company has a debt-to-equity ratio of 3.80, a quick ratio of 0.90 and a current ratio of 0.90. Gartner, Inc. has a fifty-two week low of $323.61 and a fifty-two week high of $509.15. The stock has a market cap of $37.55 billion, a P/E ratio of 48.13, a price-to-earnings-growth ratio of 3.83 and a beta of 1.32.

Gartner (NYSE:IT) last issued 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. The business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Gartner had a net margin of 13.67% and a return on equity of 142.05%. Gartner’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the previous year, the company earned $2.85 earnings per share. On average, sell-side analysts forecast that Gartner, Inc. will post 11.59 EPS for the current 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.