Gartner, Inc. (NYSE:IT) Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers reduced its stake in shares of Gartner, Inc. (NYSE:IT - Free Report) by 24.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 17,245 shares of the information technology services provider's stock after selling 5,498 shares during the period. Cetera Investment Advisers' holdings in Gartner were worth $8,354,000 at the end of the most recent quarter.

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

Insider Activity

In related news, Director Eileen Serra sold 1,200 shares of Gartner stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $489.77, for a total value of $587,724.00. Following the completion of the sale, the director now owns 1,627 shares in the company, valued at approximately $796,855.79. This trade represents a 42.45% 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 shares were sold at an average price of $436.50, for a total transaction of $322,573.50. Following the completion of the sale, the executive vice president now owns 20,464 shares of the company's stock, valued at $8,932,536. This trade represents a 3.49% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,048 shares of company stock valued at $957,860. 2.30% of the stock is currently owned by company insiders.

Gartner Stock Down 1.2%

IT stock opened at $432.12 on Monday. The firm has a market cap of $33.19 billion, a PE ratio of 26.96, a PEG ratio of 3.30 and a beta of 1.24. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.06 and a current ratio of 1.06. The firm's 50 day moving average price is $423.97 and its 200-day moving average price is $481.88. Gartner, Inc. has a one year low of $366.05 and a one year high of $584.01.

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

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. The Goldman Sachs Group lowered their price objective on Gartner from $622.00 to $535.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Robert W. Baird lowered their price objective on Gartner from $605.00 to $557.00 and set an "outperform" rating on the stock in a report on Friday, March 21st. Barclays lowered their price objective on Gartner from $510.00 to $475.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. Wells Fargo & Company lowered their price objective on Gartner from $401.00 to $400.00 and set an "underweight" rating on the stock in a report on Thursday, May 1st. Finally, Morgan Stanley lowered their price objective on Gartner from $564.00 to $555.00 and set an "equal weight" rating on the stock in a report on Thursday, January 16th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Gartner has an average rating of "Hold" and an average price target of $518.67.

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.

Want to see what other hedge funds are holding IT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gartner, Inc. (NYSE:IT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.