Gartner, Inc. (NYSE:IT) Stock Holdings Lifted by Hengehold Capital Management LLC

Hengehold Capital Management LLC lifted its position in Gartner, Inc. (NYSE:IT) by 52.3% in the 4th quarter, Holdings Channel reports. The fund owned 911 shares of the information technology services provider’s stock after buying an additional 313 shares during the period. Hengehold Capital Management LLC’s holdings in Gartner were worth $441,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of IT. Eastern Bank acquired a new stake in shares of Gartner during the 3rd quarter valued at $26,000. Ashton Thomas Securities LLC bought a new stake in shares of Gartner during the 3rd quarter worth $44,000. True Wealth Design LLC increased its stake in shares of Gartner by 2,350.0% in the third quarter. True Wealth Design LLC now owns 98 shares of the information technology services provider’s stock worth $50,000 after purchasing an additional 94 shares during the period. Fortitude Family Office LLC lifted its position in shares of Gartner by 23.8% during the 3rd quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider’s stock worth $53,000 after purchasing an additional 20 shares during the last quarter. Finally, Asset Dedication LLC lifted its holdings in shares of Gartner by 46.5% during the third quarter. Asset Dedication LLC now owns 148 shares of the information technology services provider’s stock worth $75,000 after buying an additional 47 shares during the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on IT shares. Wells Fargo & Company cut their target price on shares of Gartner from $470.00 to $460.00 and set an “underweight” rating for the company in a research note on Friday, January 10th. Morgan Stanley dropped their price target 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. StockNews.com cut Gartner from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. Barclays upgraded Gartner from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $525.00 to $600.00 in a research note on Friday, January 10th. Finally, Robert W. Baird boosted their target price on Gartner from $565.00 to $590.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Gartner currently has an average rating of “Hold” and an average price target of $550.75.

Gartner Stock Performance

Shares of IT stock opened at $523.63 on Friday. The stock has a market cap of $40.39 billion, a PE ratio of 38.62, a price-to-earnings-growth ratio of 2.92 and a beta of 1.33. The stock has a 50-day moving average of $505.78 and a 200-day moving average of $499.91. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.02 and a quick ratio of 1.02. Gartner, Inc. has a one year low of $411.15 and a one year high of $559.00.

Gartner (NYSE:IT) last announced its quarterly earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.45 by $0.05. Gartner had a net margin of 17.33% and a return on equity of 118.27%. The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the previous year, the business earned $2.56 EPS. The firm’s revenue was up 5.4% on a year-over-year basis. As a group, sell-side analysts expect that Gartner, Inc. will post 11.87 earnings per share for the current year.

Insider Activity at Gartner

In related news, EVP William James Wartinbee III sold 189 shares of Gartner stock in a transaction dated 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 transaction, the executive vice president now owns 7,311 shares in the company, valued at approximately $3,827,600.94. This trade represents a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director James C. Smith sold 10,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $535.76, for a total transaction of $5,357,600.00. Following the completion of the transaction, the director now owns 554,274 shares in the company, valued at approximately $296,957,838.24. This trade represents a 1.77 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 35,583 shares of company stock valued at $19,241,974. 3.60% of the stock is owned by insiders.

Gartner Company 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.