Gartner, Inc. (NYSE:IT) Shares Sold by Tidal Investments LLC

Tidal Investments LLC lowered its position in shares of Gartner, Inc. (NYSE:IT) by 14.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 7,527 shares of the information technology services provider’s stock after selling 1,297 shares during the period. Tidal Investments LLC’s holdings in Gartner were worth $3,647,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Howard Capital Management Inc. grew its position in Gartner by 4.4% in the 4th quarter. Howard Capital Management Inc. now owns 452 shares of the information technology services provider’s stock worth $219,000 after purchasing an additional 19 shares during the last quarter. Gilbert & Cook Inc. boosted its position in shares of Gartner by 1.5% during the fourth quarter. Gilbert & Cook Inc. now owns 1,364 shares of the information technology services provider’s stock worth $661,000 after buying an additional 20 shares during the period. Dorsey & Whitney Trust CO LLC grew its holdings in Gartner by 2.5% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 826 shares of the information technology services provider’s stock worth $400,000 after buying an additional 20 shares in the last quarter. Sompo Asset Management Co. Ltd. increased its position in Gartner by 1.7% in the 4th quarter. Sompo Asset Management Co. Ltd. now owns 1,210 shares of the information technology services provider’s stock valued at $586,000 after acquiring an additional 20 shares during the period. Finally, Parallel Advisors LLC increased its position in Gartner by 2.9% in the 4th quarter. Parallel Advisors LLC now owns 737 shares of the information technology services provider’s stock valued at $357,000 after acquiring an additional 21 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insider Activity

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

Gartner Stock Performance

NYSE:IT opened at $447.70 on Wednesday. The company has a 50-day moving average of $420.53 and a 200-day moving average of $478.96. The firm has a market cap of $34.39 billion, a price-to-earnings ratio of 27.93, a price-to-earnings-growth ratio of 3.30 and a beta of 1.24. 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, Inc. has a twelve month low of $366.05 and a twelve month high of $584.01.

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

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on IT. Robert W. Baird decreased 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. Barclays decreased their target price on shares of Gartner from $510.00 to $475.00 and set an “overweight” rating for the company in a research report on Monday, April 21st. Wells Fargo & Company dropped their price target on shares of Gartner from $401.00 to $400.00 and set an “underweight” rating on the stock in a research report on Thursday, May 1st. UBS Group upped their price target on shares of Gartner from $500.00 to $525.00 and gave the stock a “buy” rating in a research note on Wednesday, May 7th. Finally, The Goldman Sachs Group decreased their price objective on shares of Gartner from $622.00 to $535.00 and set a “buy” rating for the company in a report on Wednesday, May 7th. 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 company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average 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.