Oppenheimer Asset Management Inc. Sells 7,804 Shares of Gartner, Inc. (NYSE:IT)

Oppenheimer Asset Management Inc. lessened its holdings in shares of Gartner, Inc. (NYSE:IT) by 16.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,192 shares of the information technology services provider’s stock after selling 7,804 shares during the quarter. Oppenheimer Asset Management Inc. owned 0.05% of Gartner worth $18,987,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Mn Services Vermogensbeheer B.V. increased its stake in Gartner by 1.7% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 30,400 shares of the information technology services provider’s stock valued at $14,728,000 after purchasing an additional 500 shares in the last quarter. GenTrust LLC grew its stake in shares of Gartner by 7.0% in the 4th quarter. GenTrust LLC now owns 443 shares of the information technology services provider’s stock worth $215,000 after acquiring an additional 29 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of Gartner by 0.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 6,617 shares of the information technology services provider’s stock worth $3,206,000 after acquiring an additional 40 shares in the last quarter. JFG Wealth Management LLC bought a new stake in shares of Gartner in the 4th quarter worth $322,000. Finally, MorganRosel Wealth Management LLC grew its stake in shares of Gartner by 18.7% in the 4th quarter. MorganRosel Wealth Management LLC now owns 2,056 shares of the information technology services provider’s stock worth $996,000 after acquiring an additional 324 shares in the last quarter. Institutional investors own 91.51% of the company’s stock.

Insider Transactions at Gartner

In related news, Director Eileen Serra sold 1,200 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $489.77, for a total value of $587,724.00. Following the transaction, the director now directly owns 1,627 shares in the company, valued at approximately $796,855.79. This represents a 42.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP William James Wartinbee III sold 189 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $523.54, for a total transaction of $98,949.06. Following the transaction, the executive vice president now owns 7,311 shares in the company, valued at $3,827,600.94. The trade was a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,479 shares of company stock valued at $734,419. 3.60% of the stock is currently owned by corporate insiders.

Gartner Trading Down 1.0 %

Shares of Gartner stock opened at $498.05 on Thursday. Gartner, Inc. has a 12-month low of $411.15 and a 12-month high of $584.01. The company has a market cap of $38.26 billion, a price-to-earnings ratio of 31.07, a PEG ratio of 3.30 and a beta of 1.34. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.81. The company’s 50-day moving average price is $509.78 and its 200-day moving average price is $509.80.

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

Analysts Set New Price Targets

Several research firms have recently issued reports on IT. 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 research note on Friday, January 10th. StockNews.com lowered shares of Gartner from a “buy” rating to a “hold” rating in a research report on Tuesday. The Goldman Sachs Group restated a “buy” rating on shares of Gartner in a research report on Tuesday, February 4th. Robert W. Baird increased their price target on shares of Gartner from $579.00 to $605.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Gartner from $529.00 to $531.00 and gave the company a “hold” rating in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, Gartner presently has an average rating of “Hold” and a consensus 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.