Gulf International Bank UK Ltd Sells 67 Shares of Gartner, Inc. (NYSE:IT)

Gulf International Bank UK Ltd lowered its holdings in shares of Gartner, Inc. (NYSE:IT) by 1.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 6,183 shares of the information technology services provider’s stock after selling 67 shares during the period. Gulf International Bank UK Ltd’s holdings in Gartner were worth $2,995,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in IT. Mn Services Vermogensbeheer B.V. boosted its position in Gartner by 1.7% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 30,400 shares of the information technology services provider’s stock valued at $14,728,000 after buying an additional 500 shares during the period. GenTrust LLC boosted its position in Gartner by 7.0% during the 4th quarter. GenTrust LLC now owns 443 shares of the information technology services provider’s stock valued at $215,000 after buying an additional 29 shares during the period. Oregon Public Employees Retirement Fund boosted its position in Gartner by 0.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 6,617 shares of the information technology services provider’s stock valued at $3,206,000 after buying an additional 40 shares during the period. JFG Wealth Management LLC purchased a new stake in Gartner during the 4th quarter valued at $322,000. Finally, MorganRosel Wealth Management LLC boosted its position in Gartner by 18.7% during the 4th quarter. MorganRosel Wealth Management LLC now owns 2,056 shares of the information technology services provider’s stock valued at $996,000 after buying an additional 324 shares during the period. Institutional investors own 91.51% of the company’s stock.

Insider Activity at Gartner

In other news, Director Eileen Serra sold 1,200 shares of Gartner stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $489.77, for a total value of $587,724.00. Following the completion of the sale, the director now directly owns 1,627 shares in the company, valued at $796,855.79. The trade was a 42.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP William James Wartinbee III sold 189 shares of Gartner stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $523.54, for a total transaction of $98,949.06. Following the completion of the sale, the executive vice president now owns 7,311 shares of the company’s stock, valued at $3,827,600.94. This represents a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,479 shares of company stock valued at $734,419 in the last three months. Company insiders own 3.60% of the company’s stock.

Wall Street Analyst Weigh In

IT has been the subject of several analyst reports. Robert W. Baird increased their price target on shares of Gartner from $579.00 to $605.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Gartner from $529.00 to $531.00 and gave the company a “hold” rating in a research report on Wednesday, November 6th. StockNews.com cut shares of Gartner from a “buy” rating to a “hold” rating in a research report on Tuesday. Morgan Stanley dropped 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 report on Thursday, January 16th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Gartner in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $552.63.

Gartner Trading Up 1.5 %

Shares of NYSE IT opened at $498.63 on Friday. Gartner, Inc. has a 1 year low of $411.15 and a 1 year high of $584.01. The stock has a market cap of $38.30 billion, a P/E ratio of 31.11, a price-to-earnings-growth ratio of 3.30 and a beta of 1.34. The firm has a 50-day moving average of $509.99 and a 200 day moving average of $509.68. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 1.06.

Gartner (NYSE:IT) last issued its quarterly earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.22 by $2.23. Gartner had a net margin of 20.00% and a return on equity of 116.56%. The company had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.69 billion. During the same period last year, the company posted $3.04 EPS. Gartner’s revenue was up 8.1% on a year-over-year basis. As a group, sell-side analysts expect that Gartner, Inc. will post 12.5 EPS for the current fiscal 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.