Gartner, Inc. (NYSE:IT) Stock Holdings Trimmed by Cynosure Group LLC

Cynosure Group LLC decreased its holdings in Gartner, Inc. (NYSE:IT) by 23.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 602 shares of the information technology services provider’s stock after selling 182 shares during the quarter. Cynosure Group LLC’s holdings in Gartner were worth $292,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of IT. Czech National Bank grew its position in Gartner by 6.5% in the 4th quarter. Czech National Bank now owns 16,725 shares of the information technology services provider’s stock valued at $8,103,000 after buying an additional 1,028 shares in the last quarter. Entropy Technologies LP bought a new stake in Gartner during the fourth quarter worth approximately $366,000. D.A. Davidson & CO. boosted its stake in Gartner by 2.6% during the 4th quarter. D.A. Davidson & CO. now owns 1,137 shares of the information technology services provider’s stock valued at $551,000 after purchasing an additional 29 shares in the last quarter. Conestoga Capital Advisors LLC increased its position in shares of Gartner by 1.5% during the 4th quarter. Conestoga Capital Advisors LLC now owns 31,626 shares of the information technology services provider’s stock valued at $15,322,000 after purchasing an additional 480 shares during the period. Finally, Barclays PLC raised its stake in shares of Gartner by 8.6% in the 3rd quarter. Barclays PLC now owns 166,787 shares of the information technology services provider’s stock worth $84,520,000 after buying an additional 13,205 shares in the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on IT. Robert W. Baird lowered their target price on Gartner from $605.00 to $557.00 and set an “outperform” rating on the stock in a report on Friday, March 21st. StockNews.com downgraded shares of Gartner from a “buy” rating to a “hold” rating in a report on Friday, March 21st. Wells Fargo & Company reduced their target price 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. Morgan Stanley cut their price objective on Gartner from $564.00 to $555.00 and set an “equal weight” rating for the company in a research report on Thursday, January 16th. Finally, Barclays upgraded Gartner from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $525.00 to $600.00 in a report on Friday, January 10th. One 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. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $536.63.

Gartner Trading Down 4.6 %

NYSE:IT opened at $404.98 on Friday. The stock’s 50-day moving average is $485.63 and its two-hundred day moving average is $503.07. Gartner, Inc. has a fifty-two week low of $402.30 and a fifty-two week high of $584.01. The stock has a market cap of $31.11 billion, a PE ratio of 25.26, a price-to-earnings-growth ratio of 3.30 and a beta of 1.29. 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 (NYSE:IT) last issued its earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.22 by $2.23. Gartner had a net margin of 20.00% and a return on equity of 116.56%. The company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.69 billion. During the same quarter last year, the business posted $3.04 EPS. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. As a group, equities research analysts forecast that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, SVP John J. Rinello sold 90 shares of Gartner stock in a transaction 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 transaction, the senior vice president now owns 3,259 shares in the company, valued at $1,728,932.09. This trade represents a 2.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Eileen Serra sold 1,200 shares of the company’s stock in a transaction dated 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. This trade represents a 42.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.60% of the company’s stock.

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.