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

Guggenheim Capital LLC trimmed its stake in shares of Gartner, Inc. (NYSE:IT - Free Report) by 73.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,236 shares of the information technology services provider's stock after selling 3,459 shares during the quarter. Guggenheim Capital LLC's holdings in Gartner were worth $599,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Howard Capital Management Inc. boosted its holdings in shares of Gartner by 4.4% in the 4th quarter. Howard Capital Management Inc. now owns 452 shares of the information technology services provider's stock worth $219,000 after purchasing an additional 19 shares in the last quarter. Gilbert & Cook Inc. boosted its stake 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 purchasing an additional 20 shares in the last quarter. Dorsey & Whitney Trust CO LLC grew its holdings 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 worth $400,000 after acquiring an additional 20 shares during the period. Parallel Advisors LLC raised its holdings 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. Finally, Harbor Capital Advisors Inc. increased its stake in shares of Gartner by 2.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 917 shares of the information technology services provider's stock worth $444,000 after acquiring an additional 22 shares in the last quarter. Hedge funds and other institutional investors own 91.51% of the company's stock.

Insider Transactions at Gartner

In related news, SVP John J. Rinello sold 90 shares of Gartner stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $530.51, for a total value of $47,745.90. Following the completion of the transaction, the senior vice president now owns 3,259 shares in the company, valued at $1,728,932.09. The trade was a 2.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Eileen Serra sold 1,200 shares of the company's stock in a transaction that occurred 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 transaction, the director now directly owns 1,627 shares of the company's stock, valued at approximately $796,855.79. The trade was a 42.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.60% of the company's stock.

Gartner Stock Up 0.8 %

Shares of IT traded up $3.23 during midday trading on Thursday, reaching $424.31. 129,734 shares of the stock were exchanged, compared to its average volume of 449,147. The company's 50 day moving average is $432.89 and its two-hundred day moving average is $487.16. Gartner, Inc. has a 52 week low of $366.05 and a 52 week high of $584.01. The company has a market capitalization of $32.59 billion, a P/E ratio of 26.52, a PEG ratio of 3.30 and a beta of 1.26. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.81.

Gartner (NYSE:IT - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share for the quarter, beating analysts' consensus estimates of $3.22 by $2.23. Gartner had a return on equity of 116.56% and a net margin of 20.00%. The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter last year, the company earned $3.04 earnings per share. The firm's revenue for the quarter was up 8.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Gartner, Inc. will post 12.5 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Barclays dropped their target price on Gartner from $510.00 to $475.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. StockNews.com downgraded Gartner from a "buy" rating to a "hold" rating in a research note on Friday, March 21st. The Goldman Sachs Group restated a "buy" rating on shares of Gartner in a research note on Tuesday, February 4th. Morgan Stanley decreased their price target on Gartner from $564.00 to $555.00 and set an "equal weight" rating on the stock in a report on Thursday, January 16th. Finally, Wells Fargo & Company dropped their price target on Gartner from $488.00 to $401.00 and set an "underweight" rating for the company in a research note on Wednesday, April 9th. 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 company has a consensus rating of "Hold" and a consensus price target of $513.63.

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.