Financiere des Professionnels Fonds d investissement inc. Trims Stock Position in Gartner, Inc. (NYSE:IT)

Financiere des Professionnels Fonds d investissement inc. lessened its holdings in Gartner, Inc. (NYSE:IT) by 2.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,256 shares of the information technology services provider’s stock after selling 274 shares during the period. Financiere des Professionnels Fonds d investissement inc.’s holdings in Gartner were worth $5,938,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Eastern Bank purchased a new stake in shares of Gartner in the third quarter valued at about $26,000. Ashton Thomas Securities LLC purchased a new position in shares of Gartner during the third quarter valued at approximately $44,000. True Wealth Design LLC lifted its stake in shares of Gartner by 2,350.0% during the third quarter. True Wealth Design LLC now owns 98 shares of the information technology services provider’s stock valued at $50,000 after buying an additional 94 shares during the period. Fortitude Family Office LLC lifted its stake in shares of Gartner by 23.8% during the third quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider’s stock valued at $53,000 after buying an additional 20 shares during the period. Finally, Capital Performance Advisors LLP purchased a new position in shares of Gartner during the third quarter valued at approximately $77,000. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on IT shares. StockNews.com raised shares of Gartner from a “hold” rating to a “buy” rating in a research note on Wednesday, February 12th. Barclays raised shares of Gartner from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $525.00 to $600.00 in a research note on Friday, January 10th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Gartner from $529.00 to $531.00 and gave the company a “hold” rating in a research note on Wednesday, November 6th. Wells Fargo & Company reduced their price objective on shares of Gartner from $470.00 to $460.00 and set an “underweight” rating on the stock in a research note on Friday, January 10th. Finally, Robert W. Baird upped their price target on shares of Gartner from $579.00 to $605.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Gartner presently has an average rating of “Hold” and an average target price of $552.63.

Insider Transactions at Gartner

In related news, EVP Claire Herkes sold 411 shares of the firm’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $521.24, for a total transaction of $214,229.64. Following the completion of the sale, the executive vice president now directly owns 1,494 shares of the company’s stock, valued at approximately $778,732.56. This trade represents a 21.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James C. Smith sold 5,000 shares of the firm’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $524.02, for a total transaction of $2,620,100.00. Following the sale, the director now directly owns 509,457 shares of the company’s stock, valued at approximately $266,965,657.14. The trade was a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,690 shares of company stock valued at $2,981,025 over the last 90 days. Corporate insiders own 3.60% of the company’s stock.

Gartner Stock Performance

Shares of IT stock opened at $515.34 on Monday. Gartner, Inc. has a one year low of $411.15 and a one year high of $584.01. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.02. The company has a 50 day moving average price of $510.09 and a 200 day moving average price of $508.44. The firm has a market capitalization of $39.75 billion, a price-to-earnings ratio of 32.15, a price-to-earnings-growth ratio of 3.50 and a beta of 1.34.

Gartner (NYSE:IT) last released its quarterly earnings data on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share (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 136.32%. The company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.69 billion. During the same quarter in the prior year, the business earned $3.04 earnings per share. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. Sell-side analysts anticipate that Gartner, Inc. will post 12.5 EPS for the current year.

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.