Keybank National Association OH Sells 728 Shares of Gartner, Inc. (NYSE:IT)

Keybank National Association OH trimmed its position in Gartner, Inc. (NYSE:IT) by 13.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,713 shares of the information technology services provider’s stock after selling 728 shares during the period. Keybank National Association OH’s holdings in Gartner were worth $2,283,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Baron Wealth Management LLC grew its position in Gartner by 4.1% during the 3rd quarter. Baron Wealth Management LLC now owns 481 shares of the information technology services provider’s stock worth $244,000 after purchasing an additional 19 shares during the last quarter. Howard Capital Management Inc. lifted its stake in shares of Gartner by 4.4% during the fourth quarter. Howard Capital Management Inc. now owns 452 shares of the information technology services provider’s stock worth $219,000 after buying an additional 19 shares during the period. Gilbert & Cook Inc. grew its holdings in shares of Gartner by 1.5% during the fourth quarter. Gilbert & Cook Inc. now owns 1,364 shares of the information technology services provider’s stock valued at $661,000 after buying an additional 20 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in shares of Gartner by 2.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 917 shares of the information technology services provider’s stock valued at $444,000 after acquiring an additional 22 shares during the period. Finally, Western Financial Corp CA raised its stake in Gartner by 1.0% in the 4th quarter. Western Financial Corp CA now owns 2,259 shares of the information technology services provider’s stock worth $1,094,000 after acquiring an additional 23 shares during the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on IT shares. Morgan Stanley dropped their price target on Gartner from $564.00 to $555.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 16th. Wells Fargo & Company cut their price target on shares of Gartner from $470.00 to $460.00 and set an “underweight” rating on the stock in a report on Friday, January 10th. Robert W. Baird raised their price target on shares of Gartner from $579.00 to $605.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. StockNews.com raised shares of Gartner from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, Barclays upgraded Gartner from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $525.00 to $600.00 in a research report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $552.63.

Insiders Place Their Bets

In other Gartner news, Director Eileen Serra sold 1,200 shares of Gartner 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 sale, the director now owns 1,627 shares of the company’s stock, valued at $796,855.79. The trade was a 42.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP John J. Rinello sold 90 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $530.51, for a total transaction 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 $1,728,932.09. This trade 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 company insiders.

Gartner Trading Down 1.4 %

Shares of NYSE:IT opened at $483.64 on Friday. The firm has a market capitalization of $37.15 billion, a price-to-earnings ratio of 30.17, a price-to-earnings-growth ratio of 3.30 and a beta of 1.34. The business’s 50 day moving average price is $510.05 and its 200-day moving average price is $510.17. 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, Inc. has a 1 year low of $411.15 and a 1 year high of $584.01.

Gartner (NYSE:IT) last announced its earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.22 by $2.23. Gartner had a net margin of 20.00% and a return on equity of 116.56%. The business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same quarter last year, the business earned $3.04 earnings per share. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. On average, equities research analysts forecast that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Gartner 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.