Captrust Financial Advisors Cuts Stake in Gartner, Inc. (NYSE:IT)

Captrust Financial Advisors cut its stake in Gartner, Inc. (NYSE:IT - Free Report) by 14.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,071 shares of the information technology services provider's stock after selling 1,022 shares during the quarter. Captrust Financial Advisors' holdings in Gartner were worth $2,941,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of IT. Cary Street Partners Financial LLC purchased a new stake in Gartner in the fourth quarter worth $27,000. Castlekeep Investment Advisors LLC bought a new stake in Gartner during the fourth quarter worth about $4,929,000. Caxton Associates LP lifted its stake in Gartner by 5.4% during the fourth quarter. Caxton Associates LP now owns 1,571 shares of the information technology services provider's stock worth $761,000 after purchasing an additional 80 shares during the last quarter. Baird Financial Group Inc. increased its holdings in shares of Gartner by 2.0% in the fourth quarter. Baird Financial Group Inc. now owns 16,281 shares of the information technology services provider's stock worth $7,888,000 after buying an additional 326 shares during the period. Finally, BNP Paribas Financial Markets increased its holdings in Gartner by 184.6% during the 4th quarter. BNP Paribas Financial Markets now owns 390,472 shares of the information technology services provider's stock valued at $189,172,000 after purchasing an additional 253,288 shares during the period. 91.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Barclays reduced their target price on Gartner from $510.00 to $475.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. Morgan Stanley dropped their price target on Gartner from $564.00 to $555.00 and set an "equal weight" rating on the stock in a research report on Thursday, January 16th. Wells Fargo & Company dropped their price target on Gartner from $401.00 to $400.00 and set an "underweight" rating on the stock in a research report on Thursday, May 1st. UBS Group boosted their price target on Gartner from $500.00 to $525.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Finally, StockNews.com cut Gartner from a "buy" rating to a "hold" rating in a research report on Friday, March 21st. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $518.67.

Insider Buying and Selling

In related news, CFO Craig Safian sold 3,415 shares of Gartner stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $450.17, for a total transaction of $1,537,330.55. Following the transaction, the chief financial officer now directly owns 77,890 shares of the company's stock, valued at $35,063,741.30. This trade represents a 4.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP John J. Rinello sold 109 shares of Gartner stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $436.35, for a total transaction of $47,562.15. Following the transaction, the senior vice president now directly owns 3,280 shares in the company, valued at approximately $1,431,228. The trade was a 3.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,463 shares of company stock valued at $2,495,190 in the last ninety days. 2.30% of the stock is owned by company insiders.

Gartner Price Performance

IT stock traded down $3.15 during trading on Wednesday, reaching $445.55. The company's stock had a trading volume of 450,613 shares, compared to its average volume of 455,113. Gartner, Inc. has a 1 year low of $366.05 and a 1 year high of $584.01. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. The company has a market capitalization of $34.23 billion, a P/E ratio of 27.79, a price-to-earnings-growth ratio of 3.30 and a beta of 1.24. The company's fifty day moving average is $421.67 and its 200-day moving average is $480.94.

Gartner (NYSE:IT - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The information technology services provider reported $2.98 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.72 by $0.26. Gartner had a return on equity of 116.56% and a net margin of 20.00%. The business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the prior year, the business posted $2.93 EPS. Gartner's revenue for the quarter was up 4.2% compared to the same quarter last year. On average, research analysts expect that Gartner, Inc. will post 12.5 earnings per share for the current fiscal 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.