Gartner, Inc. (NYSE:IT) Stake Lessened by Crestline Management LP

Crestline Management LP trimmed its position in Gartner, Inc. (NYSE:IT - Free Report) by 16.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,411 shares of the information technology services provider's stock after selling 1,474 shares during the period. Crestline Management LP's holdings in Gartner were worth $3,590,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IT. Vanguard Group Inc. grew its position in Gartner by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 9,268,639 shares of the information technology services provider's stock worth $4,490,378,000 after buying an additional 100,917 shares during the last quarter. FMR LLC raised its holdings in shares of Gartner by 8.6% during the fourth quarter. FMR LLC now owns 2,822,122 shares of the information technology services provider's stock valued at $1,367,233,000 after acquiring an additional 223,087 shares during the period. Geode Capital Management LLC lifted its position in shares of Gartner by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 2,063,577 shares of the information technology services provider's stock valued at $998,400,000 after acquiring an additional 45,219 shares in the last quarter. Principal Financial Group Inc. grew its position in Gartner by 0.6% during the 4th quarter. Principal Financial Group Inc. now owns 2,012,799 shares of the information technology services provider's stock worth $975,141,000 after purchasing an additional 11,657 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in Gartner by 12.7% during the 4th quarter. Wellington Management Group LLP now owns 1,662,005 shares of the information technology services provider's stock valued at $805,192,000 after purchasing an additional 187,854 shares during the period. 91.51% of the stock is owned by institutional investors.

Gartner Stock Performance

IT opened at $433.45 on Wednesday. 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 company has a market cap of $33.30 billion, a PE ratio of 27.04, a price-to-earnings-growth ratio of 3.30 and a beta of 1.24. The stock has a 50-day moving average of $427.26 and a 200-day moving average of $484.00. Gartner, Inc. has a 52-week low of $366.05 and a 52-week high of $584.01.

Gartner (NYSE:IT - Get Free Report) last announced 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. Gartner had a return on equity of 116.56% and a net margin of 20.00%. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter last year, the company posted $2.93 earnings per share. The company's revenue for the quarter was up 4.2% compared to the same quarter last year. As a group, equities research analysts forecast that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on IT shares. Morgan Stanley reduced their price objective on Gartner from $564.00 to $555.00 and set an "equal weight" rating for the company in a research note on Thursday, January 16th. StockNews.com downgraded shares of Gartner from a "buy" rating to a "hold" rating in a research report on Friday, March 21st. Robert W. Baird lowered their price target on shares of Gartner from $605.00 to $557.00 and set an "outperform" rating on the stock in a report on Friday, March 21st. UBS Group cut their price objective on Gartner from $565.00 to $500.00 and set a "buy" rating for the company in a report on Tuesday, March 25th. Finally, Barclays lowered their target price on 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 stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $513.50.

Insider Buying and Selling at Gartner

In related news, Director Eileen Serra sold 1,200 shares of the stock in a transaction dated 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 sale, the senior vice president now directly owns 3,259 shares in the company, valued at approximately $1,728,932.09. This trade represents a 2.69 % 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 Company 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.

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