WINTON GROUP Ltd trimmed its stake in Gartner, Inc. (NYSE:IT – Free Report) by 40.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,308 shares of the information technology services provider’s stock after selling 9,758 shares during the quarter. WINTON GROUP Ltd’s holdings in Gartner were worth $3,610,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently added to or reduced their stakes in IT. Brighton Jones LLC acquired a new position in Gartner in the fourth quarter worth approximately $309,000. Sivia Capital Partners LLC acquired a new position in Gartner in the second quarter worth approximately $336,000. Cresset Asset Management LLC increased its holdings in Gartner by 15.2% in the second quarter. Cresset Asset Management LLC now owns 1,446 shares of the information technology services provider’s stock worth $585,000 after buying an additional 191 shares during the last quarter. Sei Investments Co. increased its holdings in Gartner by 9.2% in the second quarter. Sei Investments Co. now owns 91,205 shares of the information technology services provider’s stock worth $36,867,000 after buying an additional 7,678 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in Gartner by 111.5% in the second quarter. The Manufacturers Life Insurance Company now owns 95,301 shares of the information technology services provider’s stock worth $38,523,000 after buying an additional 50,251 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.
Gartner Trading Up 0.0%
Shares of IT stock opened at $164.09 on Monday. Gartner, Inc. has a 12 month low of $139.18 and a 12 month high of $430.19. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 46.98. The business’s 50 day moving average is $155.37 and its two-hundred day moving average is $187.60. The company has a market cap of $10.99 billion, a PE ratio of 16.21, a price-to-earnings-growth ratio of 0.90 and a beta of 0.94.
Analyst Upgrades and Downgrades
IT has been the topic of a number of research reports. Royal Bank Of Canada dropped their price objective on Gartner from $175.00 to $160.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 6th. The Goldman Sachs Group set a $162.00 price objective on Gartner in a report on Tuesday, May 5th. Wells Fargo & Company dropped their price objective on Gartner from $150.00 to $140.00 and set an “underweight” rating on the stock in a report on Friday, March 27th. Weiss Ratings downgraded Gartner from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, May 4th. Finally, Barclays dropped their price objective on Gartner from $180.00 to $150.00 and set an “equal weight” rating on the stock in a report on Friday, April 10th. Two investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $176.70.
Check Out Our Latest Research Report on Gartner
Gartner Profile
Gartner, Inc is a global research and advisory firm that provides insights, advice and tools for leaders in IT, finance, HR, customer service and other business functions. Founded in 1979 and headquartered in Stamford, Connecticut, Gartner specializes in helping organizations make informed decisions about technology, operations and strategy through a combination of published research, advisory services, consulting, executive programs and events.
The company’s offerings include proprietary research reports, market forecasts, and analytical frameworks that are widely used by technology buyers and vendors.
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