Anchor Capital Advisors LLC Trims Stock Holdings in Gartner, Inc. (NYSE:IT)

Anchor Capital Advisors LLC reduced its holdings in shares of Gartner, Inc. (NYSE:IT) by 4.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 69,621 shares of the information technology services provider’s stock after selling 3,045 shares during the quarter. Anchor Capital Advisors LLC’s holdings in Gartner were worth $33,729,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Czech National Bank boosted its holdings in shares of Gartner by 6.5% in the fourth quarter. Czech National Bank now owns 16,725 shares of the information technology services provider’s stock worth $8,103,000 after acquiring an additional 1,028 shares during the period. Assetmark Inc. lifted its holdings in Gartner by 70.0% during the 3rd quarter. Assetmark Inc. now owns 5,144 shares of the information technology services provider’s stock worth $2,607,000 after purchasing an additional 2,118 shares in the last quarter. Entropy Technologies LP bought a new position in Gartner in the 4th quarter worth about $366,000. ING Groep NV grew its holdings in Gartner by 38.4% during the 3rd quarter. ING Groep NV now owns 10,306 shares of the information technology services provider’s stock valued at $5,223,000 after buying an additional 2,860 shares in the last quarter. Finally, Conestoga Capital Advisors LLC increased its position in shares of Gartner by 1.5% during the fourth quarter. Conestoga Capital Advisors LLC now owns 31,626 shares of the information technology services provider’s stock valued at $15,322,000 after buying an additional 480 shares during the period. 91.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

IT has been the subject of a number of analyst reports. Morgan Stanley cut their price objective on shares of Gartner from $564.00 to $555.00 and set an “equal weight” rating for the company in a research report on Thursday, January 16th. The Goldman Sachs Group restated a “buy” rating on shares of Gartner in a research report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft increased their price objective on Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. Barclays raised Gartner from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $525.00 to $600.00 in a research note on Friday, January 10th. Finally, Wells Fargo & Company decreased their target price on Gartner from $470.00 to $460.00 and set an “underweight” rating on the stock in a research note on Friday, January 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Gartner currently has an average rating of “Hold” and an average price target of $552.63.

Gartner Trading Down 1.4 %

Shares of IT stock opened at $491.38 on Friday. The business has a 50-day moving average price of $509.78 and a two-hundred day moving average price of $509.80. Gartner, Inc. has a 12-month low of $411.15 and a 12-month high of $584.01. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. The firm has a market cap of $37.75 billion, a P/E ratio of 30.65, a price-to-earnings-growth ratio of 3.30 and a beta of 1.34.

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

Insider Activity

In other news, SVP John J. Rinello sold 90 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $530.51, for a total value of $47,745.90. Following the completion of the sale, the senior vice president now owns 3,259 shares of the company’s stock, valued at approximately $1,728,932.09. The trade was a 2.69 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction, the executive vice president now owns 7,311 shares in the company, valued at approximately $3,827,600.94. The trade was a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,479 shares of company stock valued at $734,419. Corporate insiders own 3.60% of the company’s stock.

About Gartner

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.