Metis Global Partners LLC Decreases Position in Gartner, Inc. (NYSE:IT)

Metis Global Partners LLC lessened its holdings in Gartner, Inc. (NYSE:IT) by 1.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,440 shares of the information technology services provider’s stock after selling 48 shares during the quarter. Metis Global Partners LLC’s holdings in Gartner were worth $1,667,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in IT. Fisher Funds Management LTD purchased a new position in Gartner in the 4th quarter worth $97,518,000. Proficio Capital Partners LLC purchased a new position in shares of Gartner in the fourth quarter valued at about $95,762,000. Assenagon Asset Management S.A. increased its position in shares of Gartner by 208.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 272,267 shares of the information technology services provider’s stock valued at $131,905,000 after acquiring an additional 183,974 shares during the period. Point72 Asset Management L.P. purchased a new position in shares of Gartner in the third quarter valued at about $70,955,000. Finally, Principal Financial Group Inc. increased its position in shares of Gartner by 5.5% in the third quarter. Principal Financial Group Inc. now owns 2,001,142 shares of the information technology services provider’s stock valued at $1,014,099,000 after acquiring an additional 103,814 shares during the period. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Gartner Trading Down 1.6 %

Shares of IT opened at $490.33 on Tuesday. The firm’s 50-day moving average price is $510.13 and its 200-day moving average price is $510.27. The firm has a market capitalization of $37.67 billion, a price-to-earnings ratio of 30.59, 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. Gartner, Inc. has a 1-year low of $411.15 and a 1-year high of $584.01.

Gartner (NYSE:IT) last posted its quarterly earnings data on Tuesday, February 4th. The information technology services provider reported $5.45 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $1.69 billion. During the same quarter in the previous year, the firm posted $3.04 earnings per share. Gartner’s quarterly revenue was up 8.1% on a year-over-year basis. Sell-side analysts anticipate that Gartner, Inc. will post 12.5 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on IT shares. StockNews.com cut shares of Gartner from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Barclays upgraded shares of Gartner from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $525.00 to $600.00 in a research report on Friday, January 10th. The Goldman Sachs Group restated a “buy” rating on shares of Gartner in a research report on Tuesday, February 4th. Wells Fargo & Company decreased their price objective on shares of Gartner from $470.00 to $460.00 and set an “underweight” rating on the stock in a research report on Friday, January 10th. Finally, Morgan Stanley cut their target price on shares of Gartner from $564.00 to $555.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Gartner currently has a consensus rating of “Hold” and a consensus target price of $552.63.

Insider Buying and Selling

In other Gartner news, EVP William James Wartinbee III sold 189 shares of Gartner stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $523.54, for a total value of $98,949.06. Following the completion of the transaction, the executive vice president now directly owns 7,311 shares of the company’s stock, valued at approximately $3,827,600.94. The trade was a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Eileen Serra sold 1,200 shares of Gartner stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $489.77, for a total transaction of $587,724.00. Following the completion of the transaction, the director now directly 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 have sold 1,479 shares of company stock valued at $734,419 over the last quarter. Corporate insiders own 3.60% of the company’s stock.

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.