Triasima Portfolio Management inc. Sells 3,479 Shares of Gartner, Inc. (NYSE:IT)

Triasima Portfolio Management inc. lessened its stake in Gartner, Inc. (NYSE:IT - Free Report) by 45.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,213 shares of the information technology services provider's stock after selling 3,479 shares during the period. Triasima Portfolio Management inc.'s holdings in Gartner were worth $1,768,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Sompo Asset Management Co. Ltd. lifted its stake 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 during the period. Parallel Advisors LLC lifted its stake in shares of Gartner by 2.9% in the 4th 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. Cornerstone Advisory LLC lifted its stake in shares of Gartner by 0.8% in the 4th quarter. Cornerstone Advisory LLC now owns 2,803 shares of the information technology services provider's stock valued at $1,443,000 after purchasing an additional 21 shares during the period. TD Waterhouse Canada Inc. lifted its stake in shares of Gartner by 3.1% in the 4th quarter. TD Waterhouse Canada Inc. now owns 758 shares of the information technology services provider's stock valued at $367,000 after purchasing an additional 23 shares during the period. Finally, Connecticut Wealth Management LLC lifted its stake in shares of Gartner by 0.6% in the 4th quarter. Connecticut Wealth Management LLC now owns 4,604 shares of the information technology services provider's stock valued at $2,230,000 after purchasing an additional 26 shares during the period. Institutional investors own 91.51% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Barclays dropped their price objective on Gartner from $510.00 to $475.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st. Wall Street Zen downgraded Gartner from a "buy" rating to a "hold" rating in a research note on Friday, March 21st. Robert W. Baird dropped their price target on Gartner from $605.00 to $557.00 and set an "outperform" rating on the stock in a research note on Friday, March 21st. UBS Group dropped their price target on Gartner from $500.00 to $480.00 and set a "buy" rating on the stock in a research note on Tuesday. Finally, The Goldman Sachs Group dropped their price target on Gartner from $622.00 to $535.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. One equities 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. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $513.67.

Gartner Stock Down 0.6%

Shares of Gartner stock traded down $2.29 on Thursday, hitting $361.29. The company had a trading volume of 1,036,318 shares, compared to its average volume of 525,195. The stock has a market capitalization of $27.81 billion, a price-to-earnings ratio of 22.48, a P/E/G ratio of 2.33 and a beta of 1.19. Gartner, Inc. has a 1 year low of $352.78 and a 1 year high of $584.01. The stock has a 50 day moving average of $415.89 and a 200-day moving average of $449.38. 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 (NYSE:IT - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The information technology services provider reported $2.98 EPS for the quarter, topping the consensus estimate of $2.72 by $0.26. The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. Gartner had a return on equity of 96.70% and a net margin of 19.82%. The company's quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the business posted $2.93 earnings per share. As a group, sell-side analysts forecast that Gartner, Inc. will post 12.5 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Akhil Jain sold 625 shares of the company's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $450.00, for a total value of $281,250.00. Following the completion of the transaction, the executive vice president directly owned 6,548 shares of the company's stock, valued at $2,946,600. This represents a 8.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Robin B. Kranich sold 739 shares of the company'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 completion of the transaction, the executive vice president directly owned 20,464 shares of the company's stock, valued at approximately $8,932,536. This represents a 3.49% decrease in their ownership of the stock. 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 over the last quarter. Corporate 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.