Gartner Inc (NYSE:IT) Shares Sold by Intellectus Partners LLC

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Intellectus Partners LLC lessened its stake in shares of Gartner Inc (NYSE:IT) by 1.9% in the third quarter, Holdings Channel.com reports. The fund owned 3,737 shares of the information technology services provider’s stock after selling 73 shares during the quarter. Intellectus Partners LLC’s holdings in Gartner were worth $534,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. FMR LLC raised its stake in Gartner by 61.5% during the 1st quarter. FMR LLC now owns 1,096,870 shares of the information technology services provider’s stock valued at $166,374,000 after purchasing an additional 417,543 shares during the period. Nuveen Asset Management LLC raised its stake in Gartner by 17,796.2% during the 2nd quarter. Nuveen Asset Management LLC now owns 354,882 shares of the information technology services provider’s stock valued at $57,114,000 after purchasing an additional 352,899 shares during the period. BlackRock Inc. raised its stake in Gartner by 2.6% during the 2nd quarter. BlackRock Inc. now owns 6,337,629 shares of the information technology services provider’s stock valued at $1,019,978,000 after purchasing an additional 161,750 shares during the period. Polen Capital Management LLC raised its stake in Gartner by 3.2% during the 2nd quarter. Polen Capital Management LLC now owns 4,954,947 shares of the information technology services provider’s stock valued at $797,449,000 after purchasing an additional 154,604 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Gartner by 20.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 815,994 shares of the information technology services provider’s stock valued at $131,326,000 after purchasing an additional 138,410 shares during the period. Institutional investors own 95.99% of the company’s stock.

Gartner stock opened at $145.15 on Friday. The company has a debt-to-equity ratio of 2.93, a current ratio of 0.68 and a quick ratio of 0.68. The company has a market capitalization of $12.78 billion, a price-to-earnings ratio of 34.76, a PEG ratio of 3.09 and a beta of 1.24. Gartner Inc has a one year low of $120.89 and a one year high of $171.77. The company’s fifty day moving average price is $138.02 and its two-hundred day moving average price is $150.47.

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

In other Gartner news, Director Anne Sutherland Fuchs sold 1,828 shares of the 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 transaction, the director now directly owns 27,237 shares of the company’s stock, valued at $3,724,659.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Alwyn Dawkins sold 771 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $129.52, for a total transaction of $99,859.92. Following the transaction, the executive vice president now directly owns 34,235 shares in the company, valued at $4,434,117.20. The disclosure for this sale can be found here. Insiders have sold 4,499 shares of company stock worth $601,805 over the last three months. Company insiders own 4.00% of the company’s stock.

Several analysts have issued reports on IT shares. BMO Capital Markets cut their target price on shares of Gartner to $142.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 31st. Morgan Stanley dropped their price target on shares of Gartner from $156.00 to $155.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 31st. Finally, ValuEngine raised shares of Gartner from a “hold” rating to a “buy” rating in a research note on Friday, September 6th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $151.00.

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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