Wealth Alliance Has $525,000 Position in Gartner, Inc. (NYSE:IT)

Wealth Alliance lowered its position in Gartner, Inc. (NYSE:IT) by 11.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,083 shares of the information technology services provider’s stock after selling 137 shares during the quarter. Wealth Alliance’s holdings in Gartner were worth $525,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Bryn Mawr Capital Management LLC increased its stake in shares of Gartner by 652.1% during the 4th quarter. Bryn Mawr Capital Management LLC now owns 9,710 shares of the information technology services provider’s stock worth $4,704,000 after purchasing an additional 8,419 shares during the last quarter. Global Retirement Partners LLC boosted its holdings in Gartner by 14.0% in the fourth quarter. Global Retirement Partners LLC now owns 276 shares of the information technology services provider’s stock worth $134,000 after purchasing an additional 34 shares in the last quarter. Kestra Investment Management LLC acquired a new position in Gartner during the fourth quarter worth $29,000. D.A. Davidson & CO. raised its holdings in Gartner by 2.6% during the fourth quarter. D.A. Davidson & CO. now owns 1,137 shares of the information technology services provider’s stock valued at $551,000 after buying an additional 29 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its position in shares of Gartner by 4.5% in the fourth quarter. CIBC Asset Management Inc now owns 11,787 shares of the information technology services provider’s stock worth $5,710,000 after buying an additional 512 shares during the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Gartner

In related news, EVP Claire Herkes sold 411 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $521.24, for a total value of $214,229.64. Following the sale, the executive vice president now owns 1,494 shares of the company’s stock, valued at $778,732.56. The trade was a 21.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP John J. Rinello sold 90 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $530.51, for a total transaction of $47,745.90. Following the completion of the transaction, the senior vice president now directly owns 3,259 shares of the company’s stock, valued at $1,728,932.09. This trade represents a 2.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,690 shares of company stock valued at $2,981,025 in the last quarter. Corporate insiders own 3.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on IT shares. Wells Fargo & Company lowered their price objective on Gartner from $470.00 to $460.00 and set an “underweight” rating on the stock in a report on Friday, January 10th. StockNews.com upgraded Gartner from a “hold” rating to a “buy” rating in a report on Wednesday, February 12th. Robert W. Baird boosted their price objective on shares of Gartner from $579.00 to $605.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Barclays upgraded shares of 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. Finally, Morgan Stanley decreased their price target on shares of Gartner from $564.00 to $555.00 and set an “equal weight” rating for the company in a report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $552.63.

Gartner Price Performance

NYSE:IT opened at $503.03 on Friday. 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, Inc. has a one year low of $411.15 and a one year high of $584.01. The company has a fifty day moving average price of $509.84 and a 200 day moving average price of $508.84. The stock has a market cap of $38.80 billion, a P/E ratio of 31.38, a PEG ratio of 3.36 and a beta of 1.34.

Gartner (NYSE:IT) last announced its quarterly earnings data on Tuesday, February 4th. The information technology services provider reported $5.45 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 business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.69 billion. During the same quarter in the prior year, the business earned $3.04 earnings per share. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. Analysts anticipate that Gartner, Inc. will post 12.5 earnings per share for the current 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.