Neuburgh Advisers LLC Sells 238 Shares of Gartner Inc (NYSE:IT)

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Neuburgh Advisers LLC reduced its holdings in shares of Gartner Inc (NYSE:IT) by 4.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,134 shares of the information technology services provider’s stock after selling 238 shares during the period. Neuburgh Advisers LLC’s holdings in Gartner were worth $826,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Institute for Wealth Management LLC. raised its position in Gartner by 16.2% in the 2nd quarter. Institute for Wealth Management LLC. now owns 1,597 shares of the information technology services provider’s stock worth $257,000 after buying an additional 223 shares during the last quarter. State Board of Administration of Florida Retirement System grew its stake in shares of Gartner by 1.3% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 123,533 shares of the information technology services provider’s stock valued at $19,881,000 after purchasing an additional 1,620 shares during the period. Cambridge Trust Co. purchased a new position in shares of Gartner in the second quarter worth approximately $233,000. Norris Perne & French LLP MI grew its position in shares of Gartner by 0.4% during the 2nd quarter. Norris Perne & French LLP MI now owns 60,108 shares of the information technology services provider’s stock valued at $9,674,000 after acquiring an additional 257 shares during the period. Finally, Edge Capital Group LLC purchased a new stake in Gartner in the second quarter worth about $262,000. 95.98% of the stock is owned by institutional investors.

A number of research analysts have recently weighed in on the company. Morgan Stanley lowered their price objective on Gartner from $156.00 to $155.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 31st. BMO Capital Markets reduced their target price on shares of Gartner to $142.00 and set a “market perform” rating for the company in a report on Wednesday, July 31st. Finally, ValuEngine upgraded shares of Gartner from a “hold” rating to a “buy” rating in a research note on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $151.67.

In related news, EVP Alwyn Dawkins sold 771 shares of the firm’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $129.52, for a total transaction of $99,859.92. Following the completion of the transaction, the executive vice president now directly owns 34,235 shares of the company’s stock, valued at $4,434,117.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Anne Sutherland Fuchs sold 1,828 shares of Gartner stock in a transaction on Monday, September 9th. The shares were sold at an average price of $136.75, for a total transaction of $249,979.00. Following the completion of the sale, the director now owns 27,237 shares in the company, valued at $3,724,659.75. The disclosure for this sale can be found here. Insiders have sold 4,499 shares of company stock valued at $601,805 in the last quarter. 4.00% of the stock is currently owned by company insiders.

Gartner stock traded up $1.16 during mid-day trading on Wednesday, hitting $135.80. The stock had a trading volume of 129,571 shares, compared to its average volume of 395,262. Gartner Inc has a one year low of $120.89 and a one year high of $171.77. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 2.93. The firm has a market capitalization of $12.34 billion, a P/E ratio of 35.83, a P/E/G ratio of 2.99 and a beta of 1.23. The firm’s 50 day moving average is $137.63 and its 200 day moving average is $150.90.

Gartner (NYSE:IT) last posted its quarterly earnings results on Tuesday, July 30th. The information technology services provider reported $1.45 EPS for the quarter, beating the Zacks’ consensus estimate of $1.18 by $0.27. Gartner had a return on equity of 41.29% and a net margin of 5.43%. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period last year, the firm earned $1.03 earnings per share. The business’s quarterly revenue was up 7.0% on a year-over-year basis. As a group, equities research analysts forecast that Gartner Inc will post 3.51 earnings per share for the current year.

About Gartner

Gartner, Inc operates as a research and advisory company. It operates through three segments: Research, Conferences, and Consulting. The Research segment offers objective insights and advice on the priorities of various leaders in a range of functional areas of the enterprise through research and other reports, briefings, proprietary tools, access to analysts, peer networking services, and membership programs that enable clients to make better decisions; and practice and talent management research insights in various business functions, such as human resources, sales, legal, and finance.

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Institutional Ownership by Quarter for Gartner (NYSE:IT)

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