Crossmark Global Holdings Inc. Sells 2,713 Shares of Gartner, Inc. (NYSE:IT)

Crossmark Global Holdings Inc. decreased its holdings in Gartner, Inc. (NYSE:IT - Free Report) by 31.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,933 shares of the information technology services provider's stock after selling 2,713 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Gartner were worth $2,490,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Gartner by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 9,268,639 shares of the information technology services provider's stock worth $4,490,378,000 after purchasing an additional 100,917 shares in the last quarter. FMR LLC increased its holdings in shares of Gartner by 8.6% during the fourth quarter. FMR LLC now owns 2,822,122 shares of the information technology services provider's stock valued at $1,367,233,000 after acquiring an additional 223,087 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Gartner by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 2,063,577 shares of the information technology services provider's stock valued at $998,400,000 after acquiring an additional 45,219 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Gartner by 12.7% during the fourth quarter. Wellington Management Group LLP now owns 1,662,005 shares of the information technology services provider's stock valued at $805,192,000 after acquiring an additional 187,854 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Gartner by 6.7% during the fourth quarter. Invesco Ltd. now owns 955,134 shares of the information technology services provider's stock valued at $462,734,000 after acquiring an additional 60,306 shares in the last quarter. Institutional investors own 91.51% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Robert W. Baird cut their price target on Gartner from $605.00 to $557.00 and set an "outperform" rating for the company in a research note on Friday, March 21st. The Goldman Sachs Group lowered their price objective on Gartner from $622.00 to $535.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. Wall Street Zen cut Gartner from a "buy" rating to a "hold" rating in a research report on Friday, March 21st. Wells Fargo & Company lowered their price target on Gartner from $401.00 to $400.00 and set an "underweight" rating on the stock in a report on Thursday, May 1st. Finally, Barclays lowered their price target on Gartner from $510.00 to $475.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $515.89.

Gartner Price Performance

NYSE:IT traded down $13.59 during trading hours on Friday, reaching $374.19. The stock had a trading volume of 817,775 shares, compared to its average volume of 511,707. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.09 and a current ratio of 1.09. Gartner, Inc. has a 52 week low of $366.05 and a 52 week high of $584.01. The company has a 50 day moving average price of $419.94 and a two-hundred day moving average price of $451.93. The stock has a market capitalization of $28.80 billion, a PE ratio of 23.29, a PEG ratio of 2.52 and a beta of 1.19.

Gartner (NYSE:IT - Get Free Report) last released its quarterly earnings data 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 96.70% and a net margin of 19.82%. The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the previous year, the company posted $2.93 EPS. The company's revenue was up 4.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP John J. Rinello sold 109 shares of the business's stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $436.35, for a total transaction of $47,562.15. Following the transaction, the senior vice president owned 3,280 shares of the company's stock, valued at approximately $1,431,228. The trade was a 3.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Robin B. Kranich sold 739 shares of the business's stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $436.50, for a total value of $322,573.50. Following the transaction, the executive vice president directly owned 20,464 shares in the company, valued at approximately $8,932,536. This represents a 3.49% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,426 shares of company stock worth $2,430,327. Company insiders own 2.30% of the company's stock.

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.