Gartner, Inc. (NYSE:IT) Position Trimmed by Sycomore Asset Management

Sycomore Asset Management lessened its holdings in shares of Gartner, Inc. (NYSE:IT) by 33.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,571 shares of the information technology services provider’s stock after selling 9,337 shares during the quarter. Gartner makes up 1.8% of Sycomore Asset Management’s investment portfolio, making the stock its 17th largest holding. Sycomore Asset Management’s holdings in Gartner were worth $8,294,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. OFI Invest Asset Management bought a new stake in shares of Gartner in the 3rd quarter valued at approximately $25,000. BKM Wealth Management LLC bought a new stake in shares of Gartner in the 4th quarter valued at approximately $26,000. MCF Advisors LLC acquired a new stake in Gartner in the 4th quarter worth approximately $27,000. VisionPoint Advisory Group LLC lifted its holdings in Gartner by 254.2% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 85 shares of the information technology services provider’s stock worth $29,000 after purchasing an additional 61 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC lifted its holdings in Gartner by 357.9% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 87 shares of the information technology services provider’s stock worth $30,000 after purchasing an additional 68 shares during the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Morgan Stanley boosted their target price on Gartner from $421.00 to $446.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 6th. UBS Group upgraded Gartner from a “neutral” rating to a “buy” rating and upped their price target for the stock from $484.00 to $550.00 in a report on Thursday, April 11th. StockNews.com lowered Gartner from a “buy” rating to a “hold” rating in a report on Saturday, February 10th. Deutsche Bank Aktiengesellschaft initiated coverage on Gartner in a report on Tuesday, April 16th. They set a “hold” rating and a $507.00 price target for the company. Finally, BMO Capital Markets upped their price target on Gartner from $444.00 to $450.00 and gave the stock a “market perform” rating in a report on Thursday, February 8th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $477.60.

Gartner Trading Up 0.2 %

NYSE:IT traded up $0.80 during mid-day trading on Wednesday, hitting $451.06. The company had a trading volume of 281,830 shares, compared to its average volume of 387,706. Gartner, Inc. has a fifty-two week low of $292.60 and a fifty-two week high of $486.54. The business’s fifty day moving average is $464.99 and its two-hundred day moving average is $437.07. The company has a debt-to-equity ratio of 3.60, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market cap of $35.17 billion, a P/E ratio of 40.78, a P/E/G ratio of 4.05 and a beta of 1.29.

Gartner (NYSE:IT) last released its quarterly earnings results on Tuesday, February 6th. The information technology services provider reported $3.04 EPS for the quarter, topping analysts’ consensus estimates of $2.83 by $0.21. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.59 billion. Gartner had a return on equity of 156.35% and a net margin of 14.94%. Gartner’s revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the firm posted $3.70 earnings per share. As a group, research analysts expect that Gartner, Inc. will post 11.36 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Valentin Sribar sold 682 shares of the stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $453.00, for a total transaction of $308,946.00. Following the completion of the transaction, the executive vice president now directly owns 12,269 shares in the company, valued at $5,557,857. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Gartner news, EVP Valentin Sribar sold 682 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $453.00, for a total value of $308,946.00. Following the completion of the transaction, the executive vice president now directly owns 12,269 shares in the company, valued at $5,557,857. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Yvonne Genovese sold 560 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $457.37, for a total value of $256,127.20. Following the completion of the transaction, the executive vice president now owns 2,398 shares of the company’s stock, valued at $1,096,773.26. The disclosure for this sale can be found here. Over the last three months, insiders sold 22,952 shares of company stock worth $10,598,070. 3.60% of the stock is owned by corporate insiders.

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.