Tidal Investments LLC Sells 1,297 Shares of Gartner, Inc. (NYSE:IT)

Tidal Investments LLC cut its position in Gartner, Inc. (NYSE:IT - Free Report) by 14.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,527 shares of the information technology services provider's stock after selling 1,297 shares during the quarter. Tidal Investments LLC's holdings in Gartner were worth $3,647,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in IT. Cary Street Partners Financial LLC acquired a new position in Gartner during the fourth quarter valued at approximately $27,000. Kestra Investment Management LLC acquired a new position in shares of Gartner during the 4th quarter worth $29,000. Itau Unibanco Holding S.A. lifted its position in shares of Gartner by 453.3% during the 4th quarter. Itau Unibanco Holding S.A. now owns 83 shares of the information technology services provider's stock worth $40,000 after buying an additional 68 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in Gartner in the fourth quarter valued at about $49,000. Finally, Promus Capital LLC acquired a new stake in Gartner in the fourth quarter valued at about $57,000. Institutional investors own 91.51% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on IT shares. Wells Fargo & Company lowered their target price on Gartner from $401.00 to $400.00 and set an "underweight" rating for the company in a research note on Thursday, May 1st. UBS Group lifted their price target on shares of Gartner from $500.00 to $525.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. The Goldman Sachs Group dropped their price objective on shares of Gartner from $622.00 to $535.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Barclays cut their target price on shares of Gartner from $510.00 to $475.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. Finally, Wall Street Zen downgraded shares of Gartner from a "buy" rating to a "hold" rating in a report on Friday, March 21st. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $518.67.

Gartner Trading Down 1.0%

IT traded down $4.57 during trading on Monday, reaching $439.09. 440,448 shares of the company's stock were exchanged, compared to its average volume of 457,824. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.81. Gartner, Inc. has a one year low of $366.05 and a one year high of $584.01. The firm has a fifty day moving average price of $419.74 and a two-hundred day moving average price of $476.93. The stock has a market capitalization of $33.80 billion, a PE ratio of 27.39, a price-to-earnings-growth ratio of 3.30 and a beta of 1.24.

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

Insider Buying and Selling

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