Gartner, Inc. (NYSE:IT) Shares Sold by Jennison Associates LLC

Jennison Associates LLC reduced its stake in Gartner, Inc. (NYSE:IT) by 22.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 76,573 shares of the information technology services provider’s stock after selling 22,328 shares during the period. Jennison Associates LLC’s holdings in Gartner were worth $34,543,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. BKM Wealth Management LLC acquired a new stake in Gartner in the fourth quarter worth approximately $26,000. MCF Advisors LLC acquired a new stake in shares of Gartner in the fourth quarter valued at $27,000. AdvisorNet Financial Inc boosted its stake in Gartner by 59.5% during the fourth 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 grew its holdings 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 worth $34,000 after acquiring an additional 75 shares during the period. Finally, OFI Invest Asset Management bought a new stake in Gartner in the third quarter worth about $25,000. 91.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

IT has been the topic of several recent research reports. Morgan Stanley lifted their price objective on shares of Gartner from $421.00 to $446.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 6th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Gartner in a research report on Tuesday, April 16th. They issued a “hold” rating and a $507.00 price target on the stock. StockNews.com downgraded Gartner from a “buy” rating to a “hold” rating in a research report on Saturday, February 10th. BMO Capital Markets lifted their target price on Gartner from $444.00 to $450.00 and gave the stock a “market perform” rating in a report on Thursday, February 8th. Finally, UBS Group upgraded shares of Gartner from a “neutral” rating to a “buy” rating and raised their target price for the stock from $484.00 to $550.00 in a report on Thursday, April 11th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Gartner presently has a consensus rating of “Hold” and a consensus price target of $477.60.

Insider Transactions at Gartner

In related news, EVP Yvonne Genovese sold 560 shares of the business’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 transaction of $256,127.20. Following the transaction, the executive vice president now directly owns 2,398 shares of the company’s stock, valued at $1,096,773.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Yvonne Genovese sold 560 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $457.37, for a total transaction of $256,127.20. Following the completion of the sale, the executive vice president now directly owns 2,398 shares in the company, valued at $1,096,773.26. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Valentin Sribar sold 682 shares of the business’s 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 transaction, the executive vice president now owns 12,269 shares in the company, valued at approximately $5,557,857. The disclosure for this sale can be found here. Insiders sold 22,952 shares of company stock valued at $10,598,070 over the last three months. 3.60% of the stock is owned by corporate insiders.

Gartner Stock Performance

Shares of Gartner stock opened at $451.06 on Thursday. Gartner, Inc. has a 12 month low of $292.60 and a 12 month high of $486.54. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 3.60. The stock has a market cap of $35.17 billion, a PE ratio of 40.78, a price-to-earnings-growth ratio of 4.13 and a beta of 1.29. The business has a fifty day simple moving average of $464.99 and a 200-day simple moving average of $437.07.

Gartner (NYSE:IT) last announced its quarterly earnings data on Tuesday, February 6th. The information technology services provider reported $3.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.83 by $0.21. Gartner had a return on equity of 156.35% and a net margin of 14.94%. The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same period in the prior year, the business earned $3.70 EPS. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. On average, sell-side analysts anticipate that Gartner, Inc. will post 11.3 EPS 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.