Gartner, Inc. (NYSE:IT) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. lowered its stake in Gartner, Inc. (NYSE:IT - Free Report) by 14.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,665 shares of the information technology services provider's stock after selling 1,427 shares during the period. Vontobel Holding Ltd.'s holdings in Gartner were worth $3,637,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Brighton Jones LLC acquired a new stake in shares of Gartner during the 4th quarter worth about $309,000. US Bancorp DE raised its position in shares of Gartner by 27.3% during the 4th quarter. US Bancorp DE now owns 6,677 shares of the information technology services provider's stock worth $3,235,000 after acquiring an additional 1,431 shares in the last quarter. Jones Financial Companies Lllp raised its position in shares of Gartner by 154.3% during the 4th quarter. Jones Financial Companies Lllp now owns 506 shares of the information technology services provider's stock worth $245,000 after acquiring an additional 307 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Gartner during the 4th quarter worth about $49,000. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Gartner by 3.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 509,206 shares of the information technology services provider's stock worth $246,695,000 after acquiring an additional 19,195 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. UBS Group cut their price target on Gartner from $525.00 to $500.00 and set a "buy" rating on the stock in a research report on Wednesday, June 18th. Robert W. Baird cut their price target on Gartner from $605.00 to $557.00 and set an "outperform" rating on the stock in a research report on Friday, March 21st. Wells Fargo & Company cut their price target on Gartner from $401.00 to $400.00 and set an "underweight" rating on the stock in a research report on Thursday, May 1st. Wall Street Zen lowered Gartner from a "buy" rating to a "hold" rating in a research report on Friday, March 21st. Finally, Barclays cut their price target on Gartner from $510.00 to $475.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $515.89.

Insider Buying and Selling

In related news, CFO Craig Safian sold 3,415 shares of the company's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $450.17, for a total value of $1,537,330.55. Following the completion of the transaction, the chief financial officer directly owned 77,890 shares in the company, valued at approximately $35,063,741.30. This represents a 4.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP William James Wartinbee III sold 538 shares of the company's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $449.09, for a total value of $241,610.42. Following the completion of the transaction, the executive vice president owned 7,965 shares of the company's stock, valued at $3,577,001.85. The trade was a 6.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,426 shares of company stock valued at $2,430,327. Company insiders own 3.60% of the company's stock.

Gartner Price Performance

IT stock traded up $4.84 during midday trading on Friday, hitting $400.28. 341,174 shares of the stock were exchanged, compared to its average volume of 505,861. The stock's 50-day moving average price is $423.00 and its 200-day moving average price is $454.86. The stock has a market cap of $30.81 billion, a price-to-earnings ratio of 24.91, a PEG ratio of 2.60 and a beta of 1.19. Gartner, Inc. has a fifty-two week low of $366.05 and a fifty-two week high of $584.01. 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 released its quarterly 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. 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 analysts' expectations of $1.53 billion. During the same period in the previous year, the firm posted $2.93 earnings per share. The business's revenue for the quarter was up 4.2% compared to the same quarter last year. Research analysts predict that Gartner, Inc. will post 12.5 earnings per share for the current year.

Gartner 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.