Stevens Capital Management LP Sells 276 Shares of Gartner, Inc. (NYSE:IT)

Stevens Capital Management LP lowered its position in shares of Gartner, Inc. (NYSE:IT) by 36.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 483 shares of the information technology services provider’s stock after selling 276 shares during the quarter. Stevens Capital Management LP’s holdings in Gartner were worth $234,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in IT. LPL Financial LLC raised its stake in Gartner by 0.6% during the 4th quarter. LPL Financial LLC now owns 30,726 shares of the information technology services provider’s stock valued at $14,886,000 after buying an additional 191 shares during the last quarter. Fox Run Management L.L.C. increased its position in Gartner by 52.8% during the fourth quarter. Fox Run Management L.L.C. now owns 1,556 shares of the information technology services provider’s stock valued at $754,000 after acquiring an additional 538 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in Gartner in the fourth quarter valued at about $12,688,000. American Century Companies Inc. boosted its position in Gartner by 0.3% in the fourth quarter. American Century Companies Inc. now owns 341,958 shares of the information technology services provider’s stock worth $165,668,000 after purchasing an additional 1,045 shares during the last quarter. Finally, Mizuho Securities USA LLC grew its stake in shares of Gartner by 46.3% during the 4th quarter. Mizuho Securities USA LLC now owns 7,311 shares of the information technology services provider’s stock valued at $3,542,000 after purchasing an additional 2,314 shares during the period. 91.51% of the stock is owned by institutional investors.

Insider Buying and Selling

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

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. StockNews.com downgraded shares of Gartner from a “buy” rating to a “hold” rating in a report on Friday. Robert W. Baird dropped their price target on shares of Gartner from $605.00 to $557.00 and set an “outperform” rating on the stock in a research note on Friday. Morgan Stanley reduced their price objective on Gartner from $564.00 to $555.00 and set an “equal weight” rating for the company in a research note on Thursday, January 16th. Barclays raised Gartner from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $525.00 to $600.00 in a report on Friday, January 10th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Gartner in a research note on Tuesday, February 4th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $546.63.

Gartner Stock Performance

Gartner stock opened at $429.69 on Tuesday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market capitalization of $33.01 billion, a PE ratio of 26.81, a P/E/G ratio of 3.30 and a beta of 1.29. The company has a 50 day moving average price of $501.11 and a 200-day moving average price of $507.61. Gartner, Inc. has a fifty-two week low of $409.50 and a fifty-two week high of $584.01.

Gartner (NYSE:IT) last issued its earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share for the quarter, beating 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 business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.69 billion. During the same period in the previous year, the company posted $3.04 EPS. Gartner’s revenue was up 8.1% on a year-over-year basis. As a group, equities analysts forecast that Gartner, Inc. will post 12.5 earnings per share for the current year.

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.