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

Northwest Capital Management Inc lessened its position in Gartner, Inc. (NYSE:IT - Free Report) by 50.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm 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 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cary Street Partners Financial LLC bought a new stake in Gartner in the fourth quarter worth $27,000. Itau Unibanco Holding S.A. boosted its holdings in Gartner by 453.3% in the fourth quarter. Itau Unibanco Holding S.A. now owns 83 shares of the information technology services provider's stock worth $40,000 after acquiring an additional 68 shares in the last quarter. Olde Wealth Management LLC bought a new position in Gartner in the 1st quarter worth about $42,000. Wayfinding Financial LLC purchased a new stake in Gartner during the 1st quarter valued at about $55,000. Finally, Bartlett & CO. Wealth Management LLC grew its position in Gartner by 57.5% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 167 shares of the information technology services provider's stock valued at $70,000 after purchasing an additional 61 shares during the last quarter. Hedge funds and other institutional investors own 91.51% of the company's stock.

Insider Buying and Selling at Gartner

In other Gartner news, EVP Akhil Jain sold 625 shares of the business's stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $450.00, for a total transaction of $281,250.00. Following the completion of the sale, the executive vice president owned 6,548 shares of the company's stock, valued at approximately $2,946,600. The trade was a 8.71% 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 business's 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 sale, the chief financial officer directly owned 77,890 shares of the company's stock, valued at $35,063,741.30. This represents a 4.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,426 shares of company stock valued at $2,430,327 in the last ninety days. 2.30% of the stock is currently owned by company insiders.

Gartner Stock Performance

Shares of IT traded down $13.59 during trading hours on Friday, hitting $374.19. The stock had a trading volume of 817,775 shares, compared to its average volume of 511,707. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.09 and a quick ratio of 1.09. Gartner, Inc. has a 12 month low of $366.05 and a 12 month high of $584.01. The firm has a market capitalization of $28.80 billion, a PE ratio of 23.29, a PEG ratio of 2.52 and a beta of 1.19. The stock has a fifty day moving average price of $419.94 and a 200 day moving average price of $451.93.

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. Gartner had a return on equity of 96.70% and a net margin of 19.82%. The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the previous year, the company posted $2.93 earnings per share. Gartner's revenue was up 4.2% compared to the same quarter last year. Analysts anticipate that Gartner, Inc. will post 12.5 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on IT. Wells Fargo & Company cut their price objective on shares of Gartner from $401.00 to $400.00 and set an "underweight" rating on the stock in a research report on Thursday, May 1st. UBS Group cut their price objective on shares of Gartner from $525.00 to $500.00 and set a "buy" rating on the stock in a research report on Wednesday, June 18th. Barclays cut their price objective on shares of Gartner from $510.00 to $475.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. Robert W. Baird decreased their price target on Gartner from $605.00 to $557.00 and set an "outperform" rating for the company in a research note on Friday, March 21st. Finally, The Goldman Sachs Group decreased their price target on Gartner from $622.00 to $535.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, Gartner presently has a consensus rating of "Hold" and an average price target of $515.89.

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.