Gartner, Inc. (NYSE:IT) Shares Sold by Two Sigma Advisers LP

Two Sigma Advisers LP lowered its stake in shares of Gartner, Inc. (NYSE:IT - Free Report) by 10.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 146,700 shares of the information technology services provider's stock after selling 16,600 shares during the period. Two Sigma Advisers LP owned approximately 0.19% of Gartner worth $71,072,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Howard Capital Management Inc. raised its stake in shares of Gartner by 4.4% in the 4th quarter. Howard Capital Management Inc. now owns 452 shares of the information technology services provider's stock valued at $219,000 after acquiring an additional 19 shares during the period. Gilbert & Cook Inc. lifted its position in shares of Gartner by 1.5% during the fourth quarter. Gilbert & Cook Inc. now owns 1,364 shares of the information technology services provider's stock worth $661,000 after purchasing an additional 20 shares during the last quarter. Dorsey & Whitney Trust CO LLC lifted its holdings in Gartner by 2.5% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 826 shares of the information technology services provider's stock worth $400,000 after acquiring an additional 20 shares during the last quarter. Sompo Asset Management Co. Ltd. increased its stake in shares of Gartner by 1.7% in the fourth quarter. Sompo Asset Management Co. Ltd. now owns 1,210 shares of the information technology services provider's stock valued at $586,000 after purchasing an additional 20 shares during the period. Finally, Parallel Advisors LLC increased its stake in shares of Gartner by 2.9% in the fourth quarter. Parallel Advisors LLC now owns 737 shares of the information technology services provider's stock valued at $357,000 after purchasing an additional 21 shares during the period. Hedge funds and other institutional investors own 91.51% of the company's stock.

Gartner Price Performance

Shares of IT stock opened at $450.03 on Tuesday. Gartner, Inc. has a 1 year low of $366.05 and a 1 year high of $584.01. The firm's 50 day moving average is $420.61 and its 200-day moving average is $479.18. The firm has a market capitalization of $34.57 billion, a price-to-earnings ratio of 28.07, a PEG ratio of 3.30 and a beta of 1.24. 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 (NYSE:IT - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The information technology services provider reported $2.98 earnings per share for the quarter, beating the consensus estimate of $2.72 by $0.26. Gartner had a net margin of 20.00% and a return on equity of 116.56%. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same period in the prior year, the business posted $2.93 earnings per share. Gartner's revenue was up 4.2% compared to the same quarter last year. Sell-side analysts forecast that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. UBS Group lifted their price target on shares of Gartner from $500.00 to $525.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Robert W. Baird cut their price objective on shares of Gartner from $605.00 to $557.00 and set an "outperform" rating for the company in a research report on Friday, March 21st. StockNews.com cut shares of Gartner from a "buy" rating to a "hold" rating in a research note on Friday, March 21st. Barclays decreased their price objective on shares of Gartner from $510.00 to $475.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st. Finally, Wells Fargo & Company decreased their price objective on shares of Gartner from $401.00 to $400.00 and set an "underweight" rating on the stock in a research note on Thursday, May 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $518.67.

Insider Activity at Gartner

In other Gartner news, Director Eileen Serra sold 1,200 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $489.77, for a total value of $587,724.00. Following the sale, the director now directly owns 1,627 shares in the company, valued at approximately $796,855.79. This trade represents a 42.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Craig Safian sold 3,415 shares of the stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $450.17, for a total transaction of $1,537,330.55. Following the completion of the sale, the chief financial officer now owns 77,890 shares in the company, valued at approximately $35,063,741.30. This trade represents a 4.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,001 shares of company stock worth $2,736,801 over the last ninety days. Company insiders own 2.30% of the company's stock.

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.

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