Gartner, Inc. (NYSE:IT) Shares Sold by Portside Wealth Group LLC

Portside Wealth Group LLC trimmed its holdings in Gartner, Inc. (NYSE:IT - Free Report) by 27.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,333 shares of the information technology services provider's stock after selling 1,624 shares during the quarter. Portside Wealth Group LLC's holdings in Gartner were worth $1,819,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of IT. Cary Street Partners Financial LLC bought a new position in Gartner in the fourth quarter worth approximately $27,000. Kestra Investment Management LLC bought a new position in shares of Gartner in the 4th quarter worth $29,000. Itau Unibanco Holding S.A. lifted its stake 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 worth $40,000 after purchasing an additional 68 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in Gartner during the fourth quarter valued at about $49,000. Finally, Promus Capital LLC purchased a new position in Gartner in the fourth quarter valued at about $57,000. 91.51% of the stock is owned by institutional investors.

Insider Buying and Selling

In other 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 value of $281,250.00. Following the completion of the sale, the executive vice president now directly owns 6,548 shares of the company's stock, valued at approximately $2,946,600. The trade was a 8.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Robin B. Kranich sold 739 shares of Gartner stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $436.50, for a total value of $322,573.50. Following the transaction, the executive vice president now directly owns 20,464 shares in the company, valued at approximately $8,932,536. This trade represents a 3.49% decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,426 shares of company stock worth $2,430,327 over the last 90 days. 2.30% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have issued reports on IT. Wells Fargo & Company cut their price target on shares of Gartner from $401.00 to $400.00 and set an "underweight" rating on the stock in a report on Thursday, May 1st. The Goldman Sachs Group dropped their price objective 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. UBS Group lifted their target price on shares of Gartner from $500.00 to $525.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Wall Street Zen downgraded shares of Gartner from a "buy" rating to a "hold" rating in a report on Friday, March 21st. Finally, Robert W. Baird cut their price objective on shares of Gartner from $605.00 to $557.00 and set an "outperform" rating for the company in a report on Friday, March 21st. One equities research 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. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $518.67.

Gartner Trading Down 1.1%

Shares of IT stock traded down $4.60 on Thursday, hitting $421.02. The stock had a trading volume of 672,171 shares, compared to its average volume of 467,730. The firm has a market capitalization of $32.40 billion, a P/E ratio of 26.26, a P/E/G ratio of 3.30 and a beta of 1.24. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 1.06. The company's 50 day moving average price is $420.96 and its 200-day moving average price is $471.86. Gartner, Inc. has a 1 year low of $366.05 and a 1 year high of $584.01.

Gartner (NYSE:IT - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The information technology services provider reported $2.98 earnings per share for the quarter, topping the consensus estimate of $2.72 by $0.26. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. Gartner had a return on equity of 116.56% and a net margin of 20.00%. Gartner's revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.93 EPS. Analysts anticipate that Gartner, Inc. will post 12.5 earnings per share for the current year.

Gartner Company Profile

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.