Arete Wealth Advisors LLC Has $2.52 Million Stock Holdings in Gartner, Inc. (NYSE:IT)

Arete Wealth Advisors LLC decreased its position in Gartner, Inc. (NYSE:IT) by 1.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,187 shares of the information technology services provider’s stock after selling 100 shares during the period. Arete Wealth Advisors LLC’s holdings in Gartner were worth $2,517,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Principal Financial Group Inc. lifted its holdings in shares of Gartner by 5.5% during the 3rd quarter. Principal Financial Group Inc. now owns 2,001,142 shares of the information technology services provider’s stock worth $1,014,099,000 after acquiring an additional 103,814 shares during the period. D.A. Davidson & CO. lifted its stake in Gartner by 4.2% during the third quarter. D.A. Davidson & CO. now owns 1,108 shares of the information technology services provider’s stock worth $561,000 after purchasing an additional 45 shares during the period. CreativeOne Wealth LLC acquired a new stake in Gartner during the third quarter valued at approximately $229,000. Public Sector Pension Investment Board grew its stake in shares of Gartner by 13.7% in the 3rd quarter. Public Sector Pension Investment Board now owns 3,330 shares of the information technology services provider’s stock valued at $1,688,000 after purchasing an additional 400 shares during the period. Finally, Captrust Financial Advisors raised its holdings in shares of Gartner by 3.5% in the 3rd quarter. Captrust Financial Advisors now owns 7,093 shares of the information technology services provider’s stock worth $3,594,000 after buying an additional 237 shares in the last quarter. Institutional investors own 91.51% of the company’s stock.

Insider Activity at Gartner

In other Gartner news, Director Eileen Serra sold 1,200 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $489.77, for a total value of $587,724.00. Following the transaction, the director now owns 1,627 shares of the company’s stock, valued at approximately $796,855.79. This represents a 42.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 transaction, the senior vice president now owns 3,259 shares of the company’s stock, valued at $1,728,932.09. The trade was 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 currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on IT. Barclays upgraded Gartner from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $525.00 to $600.00 in a research report on Friday, January 10th. Wells Fargo & Company cut their price target 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. UBS Group decreased their price objective on shares of Gartner from $565.00 to $500.00 and set a “buy” rating on the stock in a research note on Tuesday, March 25th. StockNews.com cut shares of Gartner from a “buy” rating to a “hold” rating in a research note on Friday, March 21st. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Gartner in a research report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $536.63.

Gartner Stock Up 2.4 %

Shares of IT opened at $423.83 on Thursday. The business’s fifty day moving average price is $488.00 and its two-hundred day moving average price is $503.76. The firm has a market capitalization of $32.56 billion, a price-to-earnings ratio of 26.44, a PEG ratio of 3.30 and a beta of 1.29. Gartner, Inc. has a 52 week low of $409.00 and a 52 week high of $584.01. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.06 and a current ratio of 1.06.

Gartner (NYSE:IT) last announced its quarterly earnings data on Tuesday, February 4th. The information technology services provider reported $5.45 EPS 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 firm had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.69 billion. During the same period last year, the company earned $3.04 earnings per share. The company’s revenue was up 8.1% on a year-over-year basis. On average, analysts predict that Gartner, Inc. will post 12.5 earnings per share for the current 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.