Pathstone Holdings LLC Has $7.63 Million Holdings in Gartner, Inc. (NYSE:IT)

Pathstone Holdings LLC lowered its position in Gartner, Inc. (NYSE:IT - Free Report) by 8.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,739 shares of the information technology services provider's stock after selling 1,474 shares during the period. Pathstone Holdings LLC's holdings in Gartner were worth $7,625,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Mufg Securities Americas Inc. bought a new stake in shares of Gartner during the 4th quarter valued at $552,000. Man Group plc lifted its stake in shares of Gartner by 39.1% in the 4th quarter. Man Group plc now owns 30,768 shares of the information technology services provider's stock valued at $14,906,000 after acquiring an additional 8,654 shares during the last quarter. Nomura Holdings Inc. purchased a new stake in shares of Gartner during the fourth quarter valued at approximately $1,442,000. NorthRock Partners LLC boosted its holdings in shares of Gartner by 56.6% during the fourth quarter. NorthRock Partners LLC now owns 1,290 shares of the information technology services provider's stock worth $625,000 after purchasing an additional 466 shares during the period. Finally, Occudo Quantitative Strategies LP purchased a new position in shares of Gartner during the fourth quarter valued at approximately $3,557,000. Institutional investors and hedge funds own 91.51% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on IT. The Goldman Sachs Group cut their price target on shares of Gartner from $622.00 to $535.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. StockNews.com lowered shares of Gartner from a "buy" rating to a "hold" rating in a research report on Friday, March 21st. Robert W. Baird dropped their target price on Gartner from $605.00 to $557.00 and set an "outperform" rating for the company in a research report on Friday, March 21st. UBS Group lifted their price target on shares of Gartner from $500.00 to $525.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. Finally, Wells Fargo & Company reduced their price target on shares of Gartner from $401.00 to $400.00 and set an "underweight" rating for the company in a report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $518.67.

Insider Activity at Gartner

In other Gartner news, Director Eileen Serra sold 1,200 shares of the business's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $489.77, for a total transaction of $587,724.00. Following the sale, the director now directly owns 1,627 shares of the company's stock, valued at $796,855.79. The trade was a 42.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Craig Safian sold 3,415 shares of Gartner stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $450.17, for a total transaction of $1,537,330.55. Following the sale, the chief financial officer now directly owns 77,890 shares of the company's stock, valued at $35,063,741.30. This trade represents a 4.20% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 6,001 shares of company stock worth $2,736,801. Corporate insiders own 2.30% of the company's stock.

Gartner Stock Performance

Shares of IT traded down $1.82 during mid-day trading on Tuesday, hitting $447.70. 328,180 shares of the company's stock were exchanged, compared to its average volume of 455,911. Gartner, Inc. has a fifty-two week low of $366.05 and a fifty-two week high of $584.01. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.81. The business's 50 day moving average is $420.61 and its two-hundred day moving average is $479.18. The firm has a market capitalization of $34.39 billion, a P/E ratio of 27.93, a P/E/G ratio of 3.30 and a beta of 1.24.

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

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.