Gartner, Inc. (NYSE:IT) Shares Sold by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC lowered its position in shares of Gartner, Inc. (NYSE:IT) by 5.3% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 230,447 shares of the information technology services provider’s stock after selling 12,965 shares during the quarter. Gartner comprises about 1.6% of TimesSquare Capital Management LLC’s portfolio, making the stock its 8th largest position. TimesSquare Capital Management LLC owned about 0.30% of Gartner worth $109,847,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BKM Wealth Management LLC acquired a new position in shares of Gartner in the 4th quarter valued at about $26,000. Frazier Financial Advisors LLC purchased a new position in shares of Gartner in the 4th quarter valued at about $27,000. MCF Advisors LLC purchased a new position in shares of Gartner in the 4th quarter valued at about $27,000. AdvisorNet Financial Inc increased its stake in shares of Gartner by 59.5% in the 4th quarter. AdvisorNet Financial Inc now owns 67 shares of the information technology services provider’s stock valued at $30,000 after purchasing an additional 25 shares in the last quarter. Finally, DSM Capital Partners LLC purchased a new position in shares of Gartner in the 4th quarter valued at about $32,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insider Buying and Selling

In other Gartner news, Director James C. Smith sold 10,000 shares of Gartner stock in a transaction on Monday, May 20th. The stock was sold at an average price of $455.20, for a total value of $4,552,000.00. Following the sale, the director now owns 608,369 shares in the company, valued at $276,929,568.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Gartner news, Director James C. Smith sold 10,000 shares of Gartner stock in a transaction on Monday, May 20th. The stock was sold at an average price of $455.20, for a total value of $4,552,000.00. Following the sale, the director now owns 608,369 shares in the company, valued at $276,929,568.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Yvonne Genovese sold 439 shares of Gartner stock in a transaction on Monday, May 20th. The shares were sold at an average price of $456.13, for a total value of $200,241.07. Following the completion of the sale, the executive vice president now owns 1,959 shares in the company, valued at approximately $893,558.67. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,544 shares of company stock worth $10,079,813. 3.60% of the stock is owned by corporate insiders.

Gartner Trading Up 1.7 %

Gartner stock traded up $7.76 during trading on Friday, reaching $455.38. 251,281 shares of the company were exchanged, compared to its average volume of 365,999. Gartner, Inc. has a 52-week low of $323.61 and a 52-week high of $486.54. The company has a market capitalization of $35.35 billion, a P/E ratio of 45.31, a PEG ratio of 3.92 and a beta of 1.33. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.91 and a quick ratio of 0.91. The stock’s 50 day simple moving average is $441.33 and its two-hundred day simple moving average is $452.14.

Gartner (NYSE:IT) last announced its quarterly earnings data on Tuesday, April 30th. The information technology services provider reported $2.93 EPS for the quarter, topping analysts’ consensus estimates of $2.53 by $0.40. Gartner had a return on equity of 141.55% and a net margin of 13.35%. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter last year, the business posted $2.88 earnings per share. The firm’s revenue was up 4.5% compared to the same quarter last year. On average, equities research analysts expect that Gartner, Inc. will post 11.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

IT has been the subject of several recent analyst reports. StockNews.com upgraded Gartner from a “hold” rating to a “buy” rating in a research note on Tuesday. Robert W. Baird cut their price target on Gartner from $536.00 to $517.00 and set an “outperform” rating for the company in a research note on Wednesday, May 1st. Morgan Stanley boosted their price objective on Gartner from $440.00 to $470.00 and gave the stock an “equal weight” rating in a research note on Thursday. BMO Capital Markets cut their price objective on Gartner from $450.00 to $432.00 and set a “market perform” rating for the company in a research note on Thursday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Gartner in a research note on Tuesday, April 16th. They set a “hold” rating and a $507.00 price objective for the company. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Gartner currently has an average rating of “Moderate Buy” and a consensus target price of $478.50.

Gartner 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.