Gartner, Inc. (NYSE:IT) Shares Sold by Worldquant Millennium Advisors LLC

Worldquant Millennium Advisors LLC cut its stake in shares of Gartner, Inc. (NYSE:IT) by 12.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 97,392 shares of the information technology services provider’s stock after selling 14,317 shares during the quarter. Worldquant Millennium Advisors LLC owned 0.13% of Gartner worth $47,184,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of IT. Barclays PLC lifted its holdings in Gartner by 8.6% in the third quarter. Barclays PLC now owns 166,787 shares of the information technology services provider’s stock valued at $84,520,000 after acquiring an additional 13,205 shares during the period. JPMorgan Chase & Co. lifted its holdings in Gartner by 7.3% in the third quarter. JPMorgan Chase & Co. now owns 1,036,530 shares of the information technology services provider’s stock valued at $525,272,000 after acquiring an additional 70,236 shares during the period. Merit Financial Group LLC acquired a new stake in Gartner in the fourth quarter valued at $772,000. UMB Bank n.a. lifted its holdings in Gartner by 5.9% in the fourth quarter. UMB Bank n.a. now owns 553 shares of the information technology services provider’s stock valued at $268,000 after acquiring an additional 31 shares during the period. Finally, Ballentine Partners LLC lifted its holdings in Gartner by 10.8% in the fourth quarter. Ballentine Partners LLC now owns 473 shares of the information technology services provider’s stock valued at $229,000 after acquiring an additional 46 shares during the period. 91.51% of the stock is owned by institutional investors and hedge funds.

Gartner Trading Up 0.4%

Gartner stock opened at $450.03 on Tuesday. The stock has a market cap of $34.57 billion, a PE ratio of 28.07, a P/E/G ratio of 3.30 and a beta of 1.24. The stock has a 50-day moving average price of $420.61 and a 200 day moving average price of $479.18. Gartner, Inc. has a 52 week low of $366.05 and a 52 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.

Gartner (NYSE:IT) last posted its quarterly earnings data on Tuesday, May 6th. The information technology services provider reported $2.98 EPS for the quarter, topping analysts’ consensus estimates of $2.72 by $0.26. The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.53 billion. Gartner had a return on equity of 116.56% and a net margin of 20.00%. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the business posted $2.93 EPS. Equities research analysts predict that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Insider Buying and Selling at Gartner

In other Gartner news, EVP William James Wartinbee III sold 538 shares of Gartner stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $449.09, for a total value of $241,610.42. Following the completion of the sale, the executive vice president now owns 7,965 shares in the company, valued at $3,577,001.85. The trade was a 6.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP John J. Rinello sold 109 shares of Gartner stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $436.35, for a total value of $47,562.15. Following the completion of the sale, the senior vice president now owns 3,280 shares of the company’s stock, valued at $1,431,228. This trade represents a 3.22% decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,001 shares of company stock worth $2,736,801 in the last 90 days. 2.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Wells Fargo & Company reduced their target price on Gartner from $401.00 to $400.00 and set an “underweight” rating for the company in a report on Thursday, May 1st. UBS Group raised their target price on Gartner from $500.00 to $525.00 and gave the company a “buy” rating in a report on Wednesday, May 7th. Barclays reduced their target price on Gartner from $510.00 to $475.00 and set an “overweight” rating for the company in a report on Monday, April 21st. StockNews.com downgraded Gartner from a “buy” rating to a “hold” rating in a research note on Friday, March 21st. Finally, Robert W. Baird cut their price target on Gartner from $605.00 to $557.00 and set an “outperform” rating for the company in a research note on Friday, March 21st. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $518.67.

About Gartner

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.