Gartner, Inc. (NYSE:IT) Stock Position Lowered by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. lowered its position in shares of Gartner, Inc. (NYSE:IT) by 14.2% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 428 shares of the information technology services provider’s stock after selling 71 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Gartner were worth $217,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of IT. Eastern Bank bought a new position in shares of Gartner in the third quarter valued at $26,000. Ashton Thomas Securities LLC acquired a new position in shares of Gartner in the 3rd quarter worth $44,000. Crewe Advisors LLC raised its position in shares of Gartner by 223.3% during the second quarter. Crewe Advisors LLC now owns 97 shares of the information technology services provider’s stock worth $44,000 after purchasing an additional 67 shares during the period. True Wealth Design LLC lifted its holdings 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 purchasing an additional 94 shares during the last quarter. Finally, Fortitude Family Office LLC boosted its position in shares of Gartner by 23.8% in the 3rd quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider’s stock valued at $53,000 after purchasing an additional 20 shares during the period. 91.51% of the stock is owned by institutional investors and hedge funds.

Gartner Trading Up 2.1 %

NYSE IT opened at $491.25 on Friday. 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 1-year low of $411.15 and a 1-year high of $559.00. The firm’s fifty day simple moving average is $519.52 and its 200-day simple moving average is $491.27. The company has a market capitalization of $37.89 billion, a PE ratio of 36.23, a price-to-earnings-growth ratio of 3.24 and a beta of 1.31.

Gartner (NYSE:IT) last posted its quarterly earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.45 by $0.05. The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.48 billion. Gartner had a return on equity of 118.27% and a net margin of 17.33%. The business’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period last year, the business earned $2.56 EPS. As a group, sell-side analysts anticipate that Gartner, Inc. will post 11.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Barclays boosted their price objective on Gartner from $470.00 to $525.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 6th. StockNews.com raised shares of Gartner from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Robert W. Baird boosted their target price on shares of Gartner from $565.00 to $590.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft raised their target price on Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. Finally, Wells Fargo & Company upped their price target on Gartner from $460.00 to $470.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $543.75.

Insiders Place Their Bets

In other Gartner news, EVP William James Wartinbee III sold 189 shares of the business’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $523.54, for a total value of $98,949.06. Following the completion of the sale, the executive vice president now owns 7,311 shares of the company’s stock, valued at $3,827,600.94. The trade was a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Claire Herkes sold 411 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $521.24, for a total value of $214,229.64. Following the transaction, the executive vice president now directly owns 1,494 shares in the company, valued at approximately $778,732.56. This represents a 21.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,583 shares of company stock valued at $19,241,974 over the last ninety days. Corporate insiders own 3.60% of the company’s stock.

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.