Copperwynd Financial LLC Grows Stock Holdings in Gartner, Inc. (NYSE:IT)

Copperwynd Financial LLC grew its holdings in shares of Gartner, Inc. (NYSE:IT) by 8.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,063 shares of the information technology services provider’s stock after acquiring an additional 155 shares during the period. Copperwynd Financial LLC’s holdings in Gartner were worth $999,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Kestra Investment Management LLC purchased a new position in Gartner in the 4th quarter worth approximately $29,000. SBI Securities Co. Ltd. purchased a new position in Gartner in the 4th quarter worth approximately $49,000. True Wealth Design LLC raised its holdings in Gartner by 2,350.0% in the 3rd quarter. True Wealth Design LLC now owns 98 shares of the information technology services provider’s stock worth $50,000 after acquiring an additional 94 shares during the last quarter. Promus Capital LLC purchased a new position in Gartner in the 4th quarter worth approximately $57,000. Finally, Global Retirement Partners LLC raised its holdings in Gartner by 14.0% in the 4th quarter. Global Retirement Partners LLC now owns 276 shares of the information technology services provider’s stock worth $134,000 after acquiring an additional 34 shares during the last quarter. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Eileen Serra sold 1,200 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $489.77, for a total transaction of $587,724.00. Following the completion of the sale, the director now directly owns 1,627 shares of the company’s stock, valued at approximately $796,855.79. The trade was a 42.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP John J. Rinello sold 90 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $530.51, for a total transaction of $47,745.90. Following the sale, the senior vice president now directly owns 3,259 shares of the company’s stock, valued at $1,728,932.09. This represents a 2.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on IT shares. Wells Fargo & Company decreased their price objective on shares of Gartner from $470.00 to $460.00 and set an “underweight” rating for the company in a report on Friday, January 10th. Barclays upgraded shares of Gartner from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $525.00 to $600.00 in a research note on Friday, January 10th. Morgan Stanley decreased their target price on shares of Gartner from $564.00 to $555.00 and set an “equal weight” rating for the company in a research note on Thursday, January 16th. The Goldman Sachs Group reiterated a “buy” rating on shares of Gartner in a research note on Tuesday, February 4th. Finally, StockNews.com upgraded shares of Gartner from a “hold” rating to a “buy” rating in a research note on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $552.63.

Gartner Stock Up 1.2 %

NYSE IT opened at $457.45 on Friday. 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 company has a fifty day moving average of $508.08 and a two-hundred day moving average of $509.45. The firm has a market capitalization of $35.14 billion, a price-to-earnings ratio of 28.54, a PEG ratio of 3.30 and a beta of 1.29. Gartner, Inc. has a 52 week low of $411.15 and a 52 week high of $584.01.

Gartner (NYSE:IT) last posted its quarterly earnings data 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 company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.69 billion. Gartner had a net margin of 20.00% and a return on equity of 116.56%. Gartner’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.04 earnings per share. On average, analysts predict that Gartner, Inc. will post 12.5 earnings per share for the current 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.