Paradiem LLC Sells 2,267 Shares of Gartner, Inc. (NYSE:IT)

Paradiem LLC trimmed its holdings in shares of Gartner, Inc. (NYSE:IT - Free Report) by 17.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,592 shares of the information technology services provider's stock after selling 2,267 shares during the period. Paradiem LLC's holdings in Gartner were worth $4,778,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its holdings in Gartner by 30.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,565,046 shares of the information technology services provider's stock worth $537,766,000 after buying an additional 364,128 shares in the last quarter. American Century Companies Inc. lifted its holdings in Gartner by 888.4% in the 3rd quarter. American Century Companies Inc. now owns 300,106 shares of the information technology services provider's stock worth $103,119,000 after buying an additional 269,744 shares in the last quarter. Eagle Asset Management Inc. acquired a new position in Gartner in the 3rd quarter worth $83,588,000. Allspring Global Investments Holdings LLC lifted its holdings in Gartner by 384.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 201,553 shares of the information technology services provider's stock worth $69,257,000 after buying an additional 159,989 shares in the last quarter. Finally, Artisan Partners Limited Partnership acquired a new position in Gartner in the 3rd quarter worth $48,614,000. 91.51% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Gartner news, Director James C. Smith sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $459.68, for a total value of $4,596,800.00. Following the sale, the director now owns 623,235 shares in the company, valued at $286,488,664.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Gartner news, Director James C. Smith sold 5,000 shares of the firm's stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $455.00, for a total value of $2,275,000.00. Following the sale, the director now owns 638,235 shares in the company, valued at $290,396,925. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James C. Smith sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $459.68, for a total transaction of $4,596,800.00. Following the completion of the sale, the director now owns 623,235 shares in the company, valued at approximately $286,488,664.80. The disclosure for this sale can be found here. Insiders have sold a total of 22,952 shares of company stock worth $10,598,070 over the last quarter. 3.60% of the stock is owned by company insiders.

Gartner Stock Performance

IT traded up $2.47 on Friday, hitting $448.78. 292,240 shares of the company's stock were exchanged, compared to its average volume of 324,262. The firm has a market cap of $34.99 billion, a PE ratio of 40.58, a P/E/G ratio of 4.12 and a beta of 1.29. Gartner, Inc. has a twelve month low of $293.73 and a twelve month high of $486.54. The stock has a fifty day moving average of $464.87 and a two-hundred day moving average of $438.46. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 3.60.

Gartner (NYSE:IT - Get Free Report) last released its quarterly earnings data on Tuesday, February 6th. The information technology services provider reported $3.04 earnings per share for the quarter, topping the consensus estimate of $2.83 by $0.21. The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.59 billion. Gartner had a net margin of 14.94% and a return on equity of 156.35%. Gartner's quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.70 earnings per share. On average, research analysts anticipate that Gartner, Inc. will post 11.29 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. UBS Group upgraded shares of Gartner from a "neutral" rating to a "buy" rating and upped their target price for the company from $484.00 to $550.00 in a research note on Thursday, April 11th. BMO Capital Markets upped their target price on shares of Gartner from $444.00 to $450.00 and gave the company a "market perform" rating in a research note on Thursday, February 8th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Gartner in a research note on Tuesday, April 16th. They issued a "hold" rating and a $507.00 target price on the stock. Morgan Stanley upped their target price on shares of Gartner from $421.00 to $446.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 6th. Finally, StockNews.com lowered shares of Gartner from a "buy" rating to a "hold" rating in a research note on Saturday, February 10th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Gartner currently has a consensus rating of "Hold" and a consensus price target of $477.60.

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.