Gartner, Inc. (NYSE:IT) Shares Sold by Aristotle Capital Boston LLC

Aristotle Capital Boston LLC trimmed its position in shares of Gartner, Inc. (NYSE:IT - Free Report) by 10.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,690 shares of the information technology services provider's stock after selling 2,731 shares during the period. Aristotle Capital Boston LLC's holdings in Gartner were worth $11,477,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Howard Capital Management Inc. increased its stake in shares of Gartner by 4.4% in the fourth quarter. Howard Capital Management Inc. now owns 452 shares of the information technology services provider's stock worth $219,000 after buying an additional 19 shares during the last quarter. Gilbert & Cook Inc. increased its position in shares of Gartner by 1.5% in the 4th quarter. Gilbert & Cook Inc. now owns 1,364 shares of the information technology services provider's stock worth $661,000 after purchasing an additional 20 shares during the last quarter. Dorsey & Whitney Trust CO LLC raised its stake in shares of Gartner by 2.5% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 826 shares of the information technology services provider's stock valued at $400,000 after purchasing an additional 20 shares in the last quarter. Sompo Asset Management Co. Ltd. lifted its position in shares of Gartner by 1.7% during the fourth quarter. Sompo Asset Management Co. Ltd. now owns 1,210 shares of the information technology services provider's stock worth $586,000 after purchasing an additional 20 shares during the last quarter. Finally, Parallel Advisors LLC grew its stake in Gartner by 2.9% in the fourth quarter. Parallel Advisors LLC now owns 737 shares of the information technology services provider's stock worth $357,000 after purchasing an additional 21 shares in the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Gartner

In other news, Director Eileen Serra sold 1,200 shares of the business's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $489.77, for a total value of $587,724.00. Following the sale, the director now owns 1,627 shares of the company's stock, valued at approximately $796,855.79. The trade was a 42.45 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP John J. Rinello sold 90 shares of the company's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $530.51, for a total value of $47,745.90. Following the completion of the sale, the senior vice president now owns 3,259 shares of the company's stock, valued at approximately $1,728,932.09. This trade represents a 2.69 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.60% of the company's stock.

Gartner Stock Performance

Shares of NYSE:IT traded up $0.35 during trading hours on Monday, hitting $427.84. The stock had a trading volume of 662,109 shares, compared to its average volume of 448,721. The stock's fifty day simple moving average is $428.42 and its 200 day simple moving average is $484.35. The firm has a market capitalization of $32.87 billion, a price-to-earnings ratio of 26.69, a PEG ratio of 3.30 and a beta of 1.26. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.06 and a current ratio of 1.06. 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 posted its earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 EPS for the quarter, beating the consensus estimate of $3.22 by $2.23. Gartner had a return on equity of 116.56% and a net margin of 20.00%. The firm had revenue of $1.72 billion for the quarter, compared to analysts' expectations of $1.69 billion. During the same period last year, the firm earned $3.04 EPS. The firm's revenue was up 8.1% compared to the same quarter last year. Sell-side analysts anticipate that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on IT shares. Robert W. Baird reduced their target price on Gartner from $605.00 to $557.00 and set an "outperform" rating on the stock in a report on Friday, March 21st. StockNews.com downgraded shares of Gartner from a "buy" rating to a "hold" rating in a report on Friday, March 21st. Wells Fargo & Company dropped their target price on shares of Gartner from $401.00 to $400.00 and set an "underweight" rating on the stock in a report on Thursday. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Gartner in a report on Tuesday, February 4th. Finally, Barclays dropped their price objective on shares of Gartner from $510.00 to $475.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $513.50.

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.