Massmutual Trust Co. FSB ADV trimmed its position in shares of Gartner Inc (NYSE:IT) by 8.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,591 shares of the information technology services provider’s stock after selling 399 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Gartner were worth $739,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in IT. Avestar Capital LLC increased its position in Gartner by 1,036.8% during the first quarter. Avestar Capital LLC now owns 216 shares of the information technology services provider’s stock worth $31,000 after buying an additional 197 shares during the last quarter. Ibex Wealth Advisors acquired a new position in Gartner during the second quarter worth $40,000. FTB Advisors Inc. acquired a new position in Gartner during the second quarter worth $60,000. Advisory Services Network LLC increased its position in Gartner by 98.0% during the second quarter. Advisory Services Network LLC now owns 788 shares of the information technology services provider’s stock worth $127,000 after buying an additional 390 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its position in Gartner by 50.0% during the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,200 shares of the information technology services provider’s stock worth $193,000 after buying an additional 400 shares during the last quarter. Institutional investors and hedge funds own 95.99% of the company’s stock.
Shares of NYSE:IT traded up $0.79 during midday trading on Thursday, hitting $139.96. The company’s stock had a trading volume of 239,002 shares, compared to its average volume of 378,260. The stock has a market capitalization of $12.50 billion, a price-to-earnings ratio of 36.93, a PEG ratio of 3.02 and a beta of 1.23. The stock’s 50 day simple moving average is $133.14 and its 200 day simple moving average is $150.72. Gartner Inc has a fifty-two week low of $120.89 and a fifty-two week high of $171.77. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.68 and a current ratio of 0.68.
In other news, EVP Alwyn Dawkins sold 771 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $129.52, for a total value of $99,859.92. Following the sale, the executive vice president now directly owns 34,235 shares of the company’s stock, valued at $4,434,117.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Anne Sutherland Fuchs sold 1,828 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $136.75, for a total value of $249,979.00. Following the completion of the sale, the director now directly owns 27,237 shares in the company, valued at $3,724,659.75. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,499 shares of company stock worth $601,805. 4.00% of the stock is currently owned by company insiders.
Several research firms have commented on IT. Morgan Stanley lowered their target price on shares of Gartner from $156.00 to $155.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 31st. ValuEngine raised shares of Gartner from a “hold” rating to a “buy” rating in a research report on Friday, September 6th. Finally, BMO Capital Markets lowered their price target on Gartner to $142.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. Gartner has an average rating of “Hold” and an average target price of $151.67.
Gartner Company Profile
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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