Gotham Asset Management LLC Sells 157 Shares of Gartner, Inc. (NYSE:IT)

Gotham Asset Management LLC lessened its holdings in Gartner, Inc. (NYSE:IT) by 0.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 24,045 shares of the information technology services provider’s stock after selling 157 shares during the period. Gotham Asset Management LLC’s holdings in Gartner were worth $11,649,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Cary Street Partners Financial LLC acquired a new stake in Gartner in the fourth quarter valued at approximately $27,000. Kestra Investment Management LLC acquired a new stake in Gartner in the fourth quarter valued at approximately $29,000. Itau Unibanco Holding S.A. boosted its stake in Gartner by 453.3% in the fourth quarter. Itau Unibanco Holding S.A. now owns 83 shares of the information technology services provider’s stock valued at $40,000 after acquiring an additional 68 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Gartner in the fourth quarter valued at approximately $49,000. Finally, Promus Capital LLC acquired a new stake in Gartner in the fourth quarter valued at approximately $57,000. Institutional investors own 91.51% of the company’s stock.

Insiders Place Their Bets

In other Gartner news, Director Eileen Serra sold 1,200 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $489.77, for a total value of $587,724.00. Following the completion of the transaction, the director now owns 1,627 shares in the company, valued at approximately $796,855.79. This represents a 42.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Robin B. Kranich sold 739 shares of the company’s stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $436.50, for a total value of $322,573.50. Following the transaction, the executive vice president now directly owns 20,464 shares of the company’s stock, valued at approximately $8,932,536. The trade was a 3.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,048 shares of company stock worth $957,860. Company insiders own 2.30% of the company’s stock.

Gartner Trading Down 1.2%

NYSE IT opened at $432.12 on Monday. The company has a market capitalization of $33.19 billion, a PE ratio of 26.96, a P/E/G ratio of 3.30 and a beta of 1.24. The company has a fifty day moving average of $423.97 and a 200 day moving average of $481.88. Gartner, Inc. has a 1 year low of $366.05 and a 1 year high of $584.01. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 1.06.

Gartner (NYSE:IT) last announced its quarterly earnings results on Tuesday, May 6th. The information technology services provider reported $2.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.72 by $0.26. Gartner had a return on equity of 116.56% and a net margin of 20.00%. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the previous year, the company posted $2.93 earnings per share. Gartner’s revenue for the quarter was up 4.2% on a year-over-year basis. Research analysts forecast that Gartner, Inc. will post 12.5 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on IT. UBS Group raised their price target on Gartner from $500.00 to $525.00 and gave the stock a “buy” rating in a report on Wednesday, May 7th. Morgan Stanley lowered their price target on Gartner from $564.00 to $555.00 and set an “equal weight” rating for the company in a report on Thursday, January 16th. Wells Fargo & Company lowered their price target on Gartner from $401.00 to $400.00 and set an “underweight” rating for the company in a report on Thursday, May 1st. Barclays lowered their price target on Gartner from $510.00 to $475.00 and set an “overweight” rating for the company in a report on Monday, April 21st. Finally, The Goldman Sachs Group lowered their price objective on shares of Gartner from $622.00 to $535.00 and set a “buy” rating for the company in a research note on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Gartner has a consensus rating of “Hold” and a consensus target price of $518.67.

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.