Gartner, Inc. (NYSE:IT) Shares Sold by Aster Capital Management DIFC Ltd

Aster Capital Management DIFC Ltd lessened its holdings in Gartner, Inc. (NYSE:IT) by 71.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 297 shares of the information technology services provider’s stock after selling 729 shares during the period. Aster Capital Management DIFC Ltd’s holdings in Gartner were worth $144,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Kestra Investment Management LLC acquired a new stake in Gartner during the fourth quarter worth approximately $29,000. SBI Securities Co. Ltd. acquired a new position in Gartner in the fourth quarter valued at $49,000. Promus Capital LLC purchased a new position in Gartner during the fourth quarter worth about $57,000. Hurley Capital LLC acquired a new stake in Gartner in the 4th quarter worth about $73,000. Finally, Global Retirement Partners LLC grew its holdings in Gartner by 14.0% in the 4th quarter. Global Retirement Partners LLC now owns 276 shares of the information technology services provider’s stock valued at $134,000 after buying an additional 34 shares during the period. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP John J. Rinello sold 90 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $530.51, for a total transaction of $47,745.90. Following the transaction, the senior vice president now directly owns 3,259 shares of the company’s stock, valued at approximately $1,728,932.09. This trade represents a 2.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Eileen Serra sold 1,200 shares of the company’s 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 sale, the director now directly owns 1,627 shares of the company’s stock, valued at $796,855.79. The trade was a 42.45 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.60% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on IT. StockNews.com lowered shares of Gartner from a “buy” rating to a “hold” rating in a research report on Friday, March 21st. Barclays reduced their target price on Gartner from $600.00 to $510.00 and set an “overweight” rating on the stock in a report on Friday. Robert W. Baird cut their price objective on Gartner from $605.00 to $557.00 and set an “outperform” rating on the stock in a report on Friday, March 21st. UBS Group decreased their target price on Gartner from $565.00 to $500.00 and set a “buy” rating for the company in a report on Tuesday, March 25th. Finally, Morgan Stanley cut their price target on shares of Gartner from $564.00 to $555.00 and set an “equal weight” rating on the stock in a report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $525.38.

Gartner Trading Down 0.3 %

Gartner stock opened at $382.25 on Tuesday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.06 and a current ratio of 1.06. Gartner, Inc. has a 1 year low of $366.05 and a 1 year high of $584.01. The firm’s 50-day moving average is $479.61 and its 200-day moving average is $501.20. The company has a market cap of $29.36 billion, a P/E ratio of 23.85, a PEG ratio of 3.30 and a beta of 1.26.

Gartner (NYSE:IT) last issued its earnings results 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. The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.69 billion. Gartner had a return on equity of 116.56% and a net margin of 20.00%. Gartner’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.04 earnings per share. On average, equities analysts expect that Gartner, Inc. will post 12.5 earnings per share for the current year.

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.