Gartner, Inc. (NYSE:IT) Shares Sold by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC trimmed its holdings in Gartner, Inc. (NYSE:IT) by 14.4% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 607 shares of the information technology services provider’s stock after selling 102 shares during the period. Concurrent Investment Advisors LLC’s holdings in Gartner were worth $294,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Kestra Investment Management LLC acquired a new position in Gartner during the fourth quarter worth $29,000. Ashton Thomas Securities LLC purchased a new stake in shares of Gartner in the 3rd quarter valued at $44,000. True Wealth Design LLC lifted its stake in Gartner by 2,350.0% during 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 in the last quarter. Fortitude Family Office LLC boosted its holdings in Gartner by 23.8% during the 3rd quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider’s stock valued at $53,000 after acquiring an additional 20 shares during the period. Finally, Capital Performance Advisors LLP acquired a new position in Gartner in the 3rd quarter valued at about $77,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insider Buying and Selling at Gartner

In related news, EVP William James Wartinbee III sold 189 shares of the business’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $523.54, for a total value of $98,949.06. Following the transaction, the executive vice president now owns 7,311 shares in the company, valued at approximately $3,827,600.94. The trade was a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP John J. Rinello sold 90 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $530.51, for a total value of $47,745.90. Following the sale, 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 owned by corporate insiders.

Gartner Stock Up 1.1 %

IT stock opened at $503.01 on Wednesday. The stock has a market capitalization of $38.64 billion, a P/E ratio of 31.38, a PEG ratio of 3.30 and a beta of 1.34. Gartner, Inc. has a one year low of $411.15 and a one year 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. The company has a 50 day moving average price of $509.46 and a two-hundred day moving average price of $509.89.

Gartner (NYSE:IT) last posted its earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share 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 in the previous year, the business posted $3.04 EPS. The business’s quarterly 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 year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Wells Fargo & Company reduced their price target on shares of Gartner from $470.00 to $460.00 and set an “underweight” rating on the stock in a research report on Friday, January 10th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a report on Wednesday, November 6th. The Goldman Sachs Group restated a “buy” rating on shares of Gartner in a research note on Tuesday, February 4th. Robert W. Baird increased their price objective on Gartner from $579.00 to $605.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. Finally, Morgan Stanley lowered their target price 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Gartner presently has an average rating of “Hold” and an average price target of $552.63.

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.