Pine Valley Investments Ltd Liability Co Has $7.59 Million Holdings in Gartner, Inc. (NYSE:IT)

Pine Valley Investments Ltd Liability Co trimmed its holdings in shares of Gartner, Inc. (NYSE:IT) by 8.7% in the fourth quarter, HoldingsChannel reports. The firm owned 15,656 shares of the information technology services provider’s stock after selling 1,490 shares during the period. Pine Valley Investments Ltd Liability Co’s holdings in Gartner were worth $7,585,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Kestra Investment Management LLC bought a new stake in shares of Gartner during the fourth quarter worth $29,000. Ashton Thomas Securities LLC acquired a new stake in Gartner in the third quarter worth about $44,000. True Wealth Design LLC raised its holdings in Gartner by 2,350.0% during the 3rd quarter. True Wealth Design LLC now owns 98 shares of the information technology services provider’s stock worth $50,000 after purchasing an additional 94 shares during the last quarter. Fortitude Family Office LLC lifted its position in Gartner by 23.8% during the 3rd 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 period. Finally, Capital Performance Advisors LLP bought a new position in shares of Gartner in the 3rd quarter valued at about $77,000. Institutional investors own 91.51% of the company’s stock.

Insider Activity

In other news, EVP William James Wartinbee III sold 189 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $523.54, for a total value of $98,949.06. Following the completion of the sale, the executive vice president now directly owns 7,311 shares of the company’s stock, valued at $3,827,600.94. This trade represents a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Claire Herkes sold 411 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $521.24, for a total value of $214,229.64. Following the transaction, the executive vice president now directly owns 1,494 shares in the company, valued at $778,732.56. The trade was a 21.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 690 shares of company stock valued at $360,925. 3.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

IT has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Gartner from $529.00 to $531.00 and gave the company a “hold” rating in a report on Wednesday, November 6th. Wells Fargo & Company cut their price target on Gartner from $470.00 to $460.00 and set an “underweight” rating on the stock in a research note on Friday, January 10th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Gartner in a research note on Tuesday, February 4th. StockNews.com raised Gartner from a “hold” rating to a “buy” rating in a research note on Wednesday, February 12th. Finally, Morgan Stanley decreased their target price on Gartner from $564.00 to $555.00 and set an “equal weight” rating for the company in a research report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $552.63.

Gartner Stock Performance

Shares of Gartner stock opened at $497.72 on Tuesday. 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 firm has a market cap of $38.23 billion, a price-to-earnings ratio of 31.05, a price-to-earnings-growth ratio of 3.30 and a beta of 1.34. The stock’s 50-day moving average is $509.33 and its 200-day moving average is $509.73. Gartner, Inc. has a one year low of $411.15 and a one year high of $584.01.

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