Gartner Inc (IT) Shares Sold by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC trimmed its position in Gartner Inc (NYSE:IT) by 7.5% during the first quarter, HoldingsChannel.com reports. The firm owned 3,538 shares of the information technology services provider’s stock after selling 286 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Gartner were worth $537,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in IT. Signet Investment Advisory Group Inc. bought a new position in Gartner in the 4th quarter valued at about $38,000. Sontag Advisory LLC bought a new position in Gartner in the 4th quarter valued at about $47,000. Claybrook Capital LLC bought a new position in shares of Gartner during the fourth quarter worth approximately $51,000. Exane Asset Management bought a new position in shares of Gartner during the fourth quarter worth approximately $78,000. Finally, Whittier Trust Co. increased its holdings in shares of Gartner by 142.3% during the fourth quarter. Whittier Trust Co. now owns 1,049 shares of the information technology services provider’s stock worth $134,000 after purchasing an additional 616 shares during the period. 99.17% of the stock is currently owned by hedge funds and other institutional investors.

Shares of IT opened at $157.20 on Friday. Gartner Inc has a 12 month low of $116.28 and a 12 month high of $161.24. The company has a market cap of $14.05 billion, a PE ratio of 41.48, a price-to-earnings-growth ratio of 2.84 and a beta of 1.32. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 2.49.

Gartner (NYSE:IT) last announced its earnings results on Tuesday, February 5th. The information technology services provider reported $1.20 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.25 by ($0.05). The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.10 billion. Gartner had a return on equity of 37.74% and a net margin of 3.08%. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.17 earnings per share. As a group, equities analysts predict that Gartner Inc will post 3.97 EPS for the current year.

Several brokerages have recently commented on IT. Zacks Investment Research cut shares of Gartner from a “hold” rating to a “sell” rating in a report on Monday. TheStreet raised shares of Gartner from a “c+” rating to a “b” rating in a report on Tuesday, February 5th. Cantor Fitzgerald reaffirmed a “hold” rating and set a $141.00 target price on shares of Gartner in a report on Thursday, February 14th. BMO Capital Markets cut shares of Gartner from an “outperform” rating to a “market perform” rating and set a $139.30 target price on the stock. in a report on Wednesday, February 6th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $156.00 target price on shares of Gartner in a report on Wednesday, February 6th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $143.29.

In related news, EVP Robin B. Kranich sold 8,496 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $143.00, for a total transaction of $1,214,928.00. Following the sale, the executive vice president now owns 11,989 shares in the company, valued at approximately $1,714,427. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Alwyn Dawkins sold 1,909 shares of the stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $142.01, for a total transaction of $271,097.09. Following the sale, the executive vice president now owns 35,822 shares in the company, valued at approximately $5,087,082.22. The disclosure for this sale can be found here. Insiders have sold a total of 113,234 shares of company stock worth $16,211,414 in the last quarter. 4.00% of the stock is currently owned by company insiders.

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About Gartner

Gartner, Inc operates as a research and advisory company. It operates through three segments: Research, Conferences, and Consulting. The Research segment offers objective insights and advice on the priorities of various leaders in a range of functional areas of the enterprise through research and other reports, briefings, proprietary tools, access to analysts, peer networking services, and membership programs that enable clients to make better decisions; and practice and talent management research insights in various business functions, such as human resources, sales, legal, and finance.

Further Reading: Net Asset Value

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Institutional Ownership by Quarter for Gartner (NYSE:IT)

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