Gartner, Inc. (NYSE:IT) Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lessened its stake in Gartner, Inc. (NYSE:IT - Free Report) by 5.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,260 shares of the information technology services provider's stock after selling 1,745 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Gartner were worth $13,691,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of IT. Cary Street Partners Financial LLC acquired a new stake in shares of Gartner during the fourth quarter worth about $27,000. Kestra Investment Management LLC acquired a new stake in shares of Gartner during the fourth quarter worth about $29,000. Itau Unibanco Holding S.A. boosted its stake in shares of Gartner by 453.3% during the fourth quarter. Itau Unibanco Holding S.A. now owns 83 shares of the information technology services provider's stock worth $40,000 after buying an additional 68 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of Gartner during the fourth quarter worth about $49,000. Finally, Promus Capital LLC acquired a new stake in shares of Gartner during the fourth quarter worth about $57,000. Institutional investors and hedge funds own 91.51% of the company's stock.

Analysts Set New Price Targets

IT has been the subject of several recent research reports. Wells Fargo & Company decreased 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. UBS Group raised their price objective on shares of Gartner from $500.00 to $525.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. Wall Street Zen downgraded shares of Gartner from a "buy" rating to a "hold" rating in a research report on Friday, March 21st. Barclays reduced their price objective on shares of Gartner from $510.00 to $475.00 and set an "overweight" rating for the company in a research report on Monday, April 21st. Finally, Robert W. Baird reduced their price objective on shares of Gartner from $605.00 to $557.00 and set an "outperform" rating for the company in a research report on Friday, March 21st. 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, the stock has an average rating of "Hold" and a consensus price target of $518.67.

Insider Buying and Selling

In other Gartner news, EVP Akhil Jain sold 625 shares of the business's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $450.00, for a total value of $281,250.00. Following the transaction, the executive vice president now owns 6,548 shares in the company, valued at $2,946,600. The trade was a 8.71% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP John J. Rinello sold 109 shares of the company's stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $436.35, for a total transaction of $47,562.15. Following the completion of the sale, the senior vice president now owns 3,280 shares in the company, valued at approximately $1,431,228. This trade represents a 3.22% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 5,426 shares of company stock valued at $2,430,327. Company insiders own 2.30% of the company's stock.

Gartner Price Performance

Shares of IT traded up $1.11 during mid-day trading on Tuesday, reaching $430.97. 305,261 shares of the company's stock were exchanged, compared to its average volume of 464,034. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. The company has a 50-day simple moving average of $420.67 and a two-hundred day simple moving average of $472.46. Gartner, Inc. has a 52-week low of $366.05 and a 52-week high of $584.01. The company has a market cap of $33.17 billion, a price-to-earnings ratio of 26.90, a PEG ratio of 3.30 and a beta of 1.24.

Gartner (NYSE:IT - Get Free Report) last released its earnings results 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 net margin of 20.00% and a return on equity of 116.56%. The firm 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 company earned $2.93 EPS. Gartner's revenue for the quarter was up 4.2% on a year-over-year basis. On average, sell-side analysts predict that Gartner, Inc. will post 12.5 EPS for the current fiscal 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.