HighTower Advisors LLC Sells 5,021 Shares of Gartner, Inc. $IT

HighTower Advisors LLC decreased its holdings in shares of Gartner, Inc. (NYSE:IT - Free Report) by 16.6% during the first quarter, according to its most recent filing with the SEC. The firm owned 25,292 shares of the information technology services provider's stock after selling 5,021 shares during the period. HighTower Advisors LLC's holdings in Gartner were worth $10,616,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Cary Street Partners Financial LLC purchased a new position in Gartner during the 4th quarter valued at about $27,000. Itau Unibanco Holding S.A. increased its position in 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 valued at $40,000 after purchasing an additional 68 shares during the period. Olde Wealth Management LLC purchased a new position in Gartner during the 1st quarter valued at about $42,000. GW&K Investment Management LLC increased its position in Gartner by 210.8% during the 1st quarter. GW&K Investment Management LLC now owns 115 shares of the information technology services provider's stock valued at $48,000 after purchasing an additional 78 shares during the period. Finally, Wayfinding Financial LLC purchased a new position in Gartner during the 1st quarter valued at about $55,000. Hedge funds and other institutional investors own 91.51% of the company's stock.

Wall Street Analysts Forecast Growth

IT has been the topic of a number of research reports. BMO Capital Markets cut their target price on shares of Gartner from $409.00 to $272.00 and set a "market perform" rating on the stock in a research report on Wednesday, August 6th. The Goldman Sachs Group cut their target price on shares of Gartner from $535.00 to $457.00 and set a "buy" rating on the stock in a research report on Wednesday, August 6th. Wells Fargo & Company cut their price objective on shares of Gartner from $345.00 to $225.00 and set an "underweight" rating on the stock in a research report on Wednesday, August 6th. Morgan Stanley cut their price objective on shares of Gartner from $455.00 to $322.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 6th. Finally, Barclays cut their price objective on shares of Gartner from $475.00 to $320.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 6th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, Gartner currently has a consensus rating of "Hold" and a consensus price target of $369.25.

Gartner Stock Down 1.8%

NYSE:IT opened at $238.75 on Monday. The company has a market cap of $18.38 billion, a PE ratio of 14.69 and a beta of 1.19. Gartner, Inc. has a twelve month low of $223.65 and a twelve month high of $584.01. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.61. The company's 50 day moving average is $356.35 and its two-hundred day moving average is $417.02.

Gartner (NYSE:IT - Get Free Report) last released its earnings results on Tuesday, August 5th. The information technology services provider reported $3.53 earnings per share for the quarter, topping the consensus estimate of $3.38 by $0.15. The company had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.68 billion. Gartner had a net margin of 19.71% and a return on equity of 82.63%. Gartner's revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.22 EPS. Analysts anticipate that Gartner, Inc. will post 12.5 EPS 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.

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