Westwind Capital Has $14.31 Million Position in Gartner, Inc. (NYSE:IT)

Westwind Capital increased its holdings in shares of Gartner, Inc. (NYSE:IT) by 0.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 29,538 shares of the information technology services provider’s stock after purchasing an additional 122 shares during the quarter. Gartner accounts for 3.1% of Westwind Capital’s holdings, making the stock its 14th biggest position. Westwind Capital’s holdings in Gartner were worth $14,310,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Victory Capital Management Inc. lifted its stake in Gartner by 43.3% in the second quarter. Victory Capital Management Inc. now owns 59,140 shares of the information technology services provider’s stock valued at $26,557,000 after acquiring an additional 17,874 shares during the last quarter. Candriam S.C.A. lifted its position in shares of Gartner by 11.3% in the second quarter. Candriam S.C.A. now owns 6,427 shares of the information technology services provider’s stock valued at $2,886,000 after buying an additional 654 shares during the last quarter. Acadian Asset Management LLC bought a new position in shares of Gartner during the 2nd quarter worth approximately $650,000. Caprock Group LLC increased its holdings in shares of Gartner by 86.4% during the 2nd quarter. Caprock Group LLC now owns 1,847 shares of the information technology services provider’s stock worth $829,000 after acquiring an additional 856 shares during the last quarter. Finally, Ballentine Partners LLC acquired a new position in shares of Gartner during the 2nd quarter worth approximately $214,000. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director James C. Smith sold 17,533 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $547.09, for a total value of $9,592,128.97. Following the sale, the director now owns 532,294 shares of the company’s stock, valued at $291,212,724.46. The trade was a 3.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP William James Wartinbee III sold 189 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $523.54, for a total value of $98,949.06. Following the transaction, the executive vice president now directly owns 7,311 shares of the company’s stock, valued at approximately $3,827,600.94. This represents a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 35,583 shares of company stock worth $19,241,974. Corporate insiders own 3.60% of the company’s stock.

Gartner Price Performance

Gartner stock traded down $4.49 during trading hours on Tuesday, reaching $487.23. 257,879 shares of the stock were exchanged, compared to its average volume of 345,272. The stock has a 50 day moving average of $511.20 and a two-hundred day moving average of $495.42. The company has a market cap of $37.58 billion, a P/E ratio of 35.93, a price-to-earnings-growth ratio of 3.18 and a beta of 1.33. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. Gartner, Inc. has a twelve month low of $411.15 and a twelve month high of $559.00.

Gartner (NYSE:IT) last issued its quarterly earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.45 by $0.05. Gartner had a return on equity of 118.27% and a net margin of 17.33%. The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter last year, the company posted $2.56 EPS. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. Equities analysts expect that Gartner, Inc. will post 11.87 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have commented on IT. Barclays lifted their price objective on shares of Gartner from $470.00 to $525.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 6th. Wells Fargo & Company upped their price target on shares of Gartner from $460.00 to $470.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. StockNews.com upgraded Gartner from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft lifted their price target on Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a report on Wednesday, November 6th. Finally, Morgan Stanley upped their price objective on Gartner from $560.00 to $564.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $543.75.

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.