Unigestion Holding SA Sells 13,449 Shares of Gartner, Inc. (NYSE:IT)

Unigestion Holding SA lessened its stake in Gartner, Inc. (NYSE:IT - Free Report) by 27.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,975 shares of the information technology services provider's stock after selling 13,449 shares during the quarter. Unigestion Holding SA's holdings in Gartner were worth $14,664,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Howard Capital Management Inc. boosted its holdings in Gartner by 4.4% in the fourth quarter. Howard Capital Management Inc. now owns 452 shares of the information technology services provider's stock valued at $219,000 after purchasing an additional 19 shares during the last quarter. Dorsey & Whitney Trust CO LLC raised its position in shares of Gartner by 2.5% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 826 shares of the information technology services provider's stock valued at $400,000 after purchasing an additional 20 shares in the last quarter. Sompo Asset Management Co. Ltd. raised its position in shares of Gartner by 1.7% in the 4th 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 in the last quarter. Parallel Advisors LLC boosted its stake in shares of Gartner by 2.9% during the 4th quarter. Parallel Advisors LLC now owns 737 shares of the information technology services provider's stock valued at $357,000 after buying an additional 21 shares during the last quarter. Finally, Cornerstone Advisory LLC grew its position in shares of Gartner by 0.8% during the fourth quarter. Cornerstone Advisory LLC now owns 2,803 shares of the information technology services provider's stock worth $1,443,000 after buying an additional 21 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on IT. Robert W. Baird cut their price target on shares of Gartner from $605.00 to $557.00 and set an "outperform" rating on the stock in a report on Friday, March 21st. The Goldman Sachs Group cut their target price on shares of Gartner from $622.00 to $535.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Barclays decreased their price target on Gartner from $510.00 to $475.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. Wall Street Zen cut Gartner from a "buy" rating to a "hold" rating in a research note on Friday, March 21st. Finally, UBS Group lifted their target price on Gartner from $500.00 to $525.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $518.67.

Insider Buying and Selling

In other Gartner news, SVP John J. Rinello sold 109 shares of the firm's stock in a transaction dated 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 now directly owns 3,280 shares in the company, valued at $1,431,228. This trade represents a 3.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Craig Safian sold 3,415 shares of the stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $450.17, for a total value of $1,537,330.55. Following the transaction, the chief financial officer now directly owns 77,890 shares in the company, valued at approximately $35,063,741.30. This represents a 4.20% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,426 shares of company stock worth $2,430,327. Insiders own 2.30% of the company's stock.

Gartner Stock Down 1.1%

Shares of Gartner stock traded down $4.60 on Thursday, hitting $421.02. 672,137 shares of the company traded hands, compared to its average volume of 467,729. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. Gartner, Inc. has a 12-month low of $366.05 and a 12-month high of $584.01. The company has a 50-day moving average price of $420.96 and a 200 day moving average price of $471.86. The company has a market cap of $32.40 billion, a PE ratio of 26.26, a PEG ratio of 3.30 and a beta of 1.24.

Gartner (NYSE:IT - Get Free Report) last issued its earnings results on Tuesday, May 6th. The information technology services provider reported $2.98 EPS for the quarter, beating 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 firm 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 earnings per share. The business's quarterly revenue was up 4.2% compared to the same quarter last year. Sell-side analysts predict that Gartner, Inc. will post 12.5 earnings per share for the current year.

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.