Northwest Capital Management Inc Sells 1,325 Shares of Gartner, Inc. (NYSE:IT)

Northwest Capital Management Inc trimmed its stake in Gartner, Inc. (NYSE:IT - Free Report) by 50.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,325 shares of the information technology services provider's stock after selling 1,325 shares during the quarter. Northwest Capital Management Inc's holdings in Gartner were worth $556,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Cary Street Partners Financial LLC bought a new stake in shares of Gartner during the 4th quarter valued at $27,000. Itau Unibanco Holding S.A. boosted 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 valued at $40,000 after purchasing an additional 68 shares in the last quarter. Olde Wealth Management LLC bought a new position in Gartner in the first quarter worth approximately $42,000. Wayfinding Financial LLC bought a new position in Gartner in the first quarter worth approximately $55,000. Finally, Bartlett & CO. Wealth Management LLC raised its stake in shares of Gartner by 57.5% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 167 shares of the information technology services provider's stock worth $70,000 after purchasing an additional 61 shares during the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on IT. The Goldman Sachs Group cut their price target on shares of Gartner from $622.00 to $535.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Wall Street Zen cut shares of Gartner from a "buy" rating to a "hold" rating in a research note on Friday, March 21st. Wells Fargo & Company cut their target price on shares of Gartner from $401.00 to $400.00 and set an "underweight" rating for the company in a research note on Thursday, May 1st. Robert W. Baird dropped their price objective on shares of Gartner from $605.00 to $557.00 and set an "outperform" rating for the company in a research note on Friday, March 21st. Finally, UBS Group decreased their price objective on shares of Gartner from $500.00 to $480.00 and set a "buy" rating on the stock in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Gartner presently has an average rating of "Hold" and a consensus price target of $513.67.

Gartner Price Performance

NYSE:IT traded down $13.64 during mid-day trading on Tuesday, hitting $359.64. 1,107,709 shares of the stock traded hands, compared to its average volume of 517,443. Gartner, Inc. has a 12-month low of $358.58 and a 12-month high of $584.01. The company has a market cap of $27.68 billion, a PE ratio of 22.38, a price-to-earnings-growth ratio of 2.43 and a beta of 1.19. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.64. The business's 50-day moving average price is $419.94 and its 200 day moving average price is $451.40.

Gartner (NYSE:IT - Get Free Report) last released its earnings results on Tuesday, May 6th. The information technology services provider reported $2.98 earnings per share for the quarter, topping analysts' consensus estimates of $2.72 by $0.26. The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. Gartner had a net margin of 19.82% and a return on equity of 96.70%. The company's revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.93 EPS. On average, analysts expect that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Insider Activity

In other news, EVP Akhil Jain sold 625 shares of the business's stock in a transaction 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. The trade was a 8.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP William James Wartinbee III sold 538 shares of the company's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $449.09, for a total value of $241,610.42. Following the completion of the sale, the executive vice president directly owned 7,965 shares of the company's stock, valued at $3,577,001.85. The trade was a 6.33% decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,426 shares of company stock valued at $2,430,327 in the last three months. Company 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.