Gartner, Inc. (NYSE:IT) Stock Holdings Decreased by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC trimmed its position in shares of Gartner, Inc. (NYSE:IT) by 27.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 243,412 shares of the information technology services provider’s stock after selling 92,031 shares during the period. Gartner accounts for 1.6% of TimesSquare Capital Management LLC’s investment portfolio, making the stock its 7th biggest holding. TimesSquare Capital Management LLC owned 0.31% of Gartner worth $109,806,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in IT. BKM Wealth Management LLC acquired a new stake in shares of Gartner during the 4th quarter valued at $26,000. MCF Advisors LLC acquired a new stake in Gartner during the fourth quarter valued at $27,000. AdvisorNet Financial Inc grew its stake in shares of Gartner by 59.5% in the 4th quarter. AdvisorNet Financial Inc now owns 67 shares of the information technology services provider’s stock valued at $30,000 after buying an additional 25 shares in the last quarter. Harbor Investment Advisory LLC raised its position in Gartner by 7,500.0% during the fourth quarter. Harbor Investment Advisory LLC now owns 76 shares of the information technology services provider’s stock valued at $34,000 after acquiring an additional 75 shares in the last quarter. Finally, OFI Invest Asset Management bought a new position in Gartner during the third quarter valued at approximately $25,000. 91.51% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Gartner

In related news, EVP Valentin Sribar sold 682 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $453.00, for a total value of $308,946.00. Following the completion of the sale, the executive vice president now 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 news, EVP Akhil Jain sold 250 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $464.55, for a total transaction of $116,137.50. Following the completion of the transaction, the executive vice president now directly owns 5,239 shares of the company’s stock, valued at approximately $2,433,777.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Valentin Sribar sold 682 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $453.00, for a total transaction of $308,946.00. Following the completion of the sale, the executive vice president now directly owns 12,269 shares in the company, valued at approximately $5,557,857. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,952 shares of company stock worth $10,598,070. 3.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on IT shares. StockNews.com upgraded shares of Gartner from a “hold” rating to a “buy” rating in a research note on Thursday, May 2nd. Morgan Stanley raised their target price on Gartner from $421.00 to $446.00 and gave the company an “equal weight” rating in a report on Tuesday, February 6th. UBS Group decreased their price target on Gartner from $550.00 to $510.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. Deutsche Bank Aktiengesellschaft began coverage on Gartner in a research note on Tuesday, April 16th. They issued a “hold” rating and a $507.00 price objective on the stock. Finally, Robert W. Baird decreased their target price on Gartner from $536.00 to $517.00 and set an “outperform” rating for the company in a research report on Wednesday, May 1st. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $474.50.

Gartner Stock Performance

Shares of NYSE IT traded up $2.48 during trading hours on Thursday, hitting $436.75. 355,621 shares of the company’s stock were exchanged, compared to its average volume of 407,849. The stock has a market capitalization of $34.05 billion, a price-to-earnings ratio of 43.35, a PEG ratio of 3.44 and a beta of 1.32. The company’s 50-day moving average price is $460.91 and its 200-day moving average price is $442.68. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.91 and a quick ratio of 0.91. Gartner, Inc. has a 1-year low of $302.74 and a 1-year high of $486.54.

Gartner (NYSE:IT) last posted its quarterly earnings data on Tuesday, April 30th. The information technology services provider reported $2.93 earnings per share for the quarter, beating the consensus estimate of $2.53 by $0.40. The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Gartner had a return on equity of 141.55% and a net margin of 13.35%. Gartner’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the prior year, the business earned $2.88 earnings per share. On average, sell-side analysts expect that Gartner, Inc. will post 11.55 earnings per share for the current fiscal year.

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.