Aigen Investment Management LP reduced its position in Gartner, Inc. (NYSE:IT – Free Report) by 67.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,046 shares of the information technology services provider’s stock after selling 4,239 shares during the quarter. Aigen Investment Management LP’s holdings in Gartner were worth $516,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Physician Wealth Advisors Inc. increased its holdings in Gartner by 143.9% in the 4th quarter. Physician Wealth Advisors Inc. now owns 100 shares of the information technology services provider’s stock valued at $25,000 after buying an additional 59 shares during the period. Rakuten Securities Inc. increased its holdings in Gartner by 1,980.0% in the 4th quarter. Rakuten Securities Inc. now owns 104 shares of the information technology services provider’s stock valued at $26,000 after buying an additional 99 shares during the period. Entrust Financial LLC bought a new position in Gartner in the 4th quarter valued at about $26,000. Elyxium Wealth LLC bought a new position in Gartner in the 4th quarter valued at about $28,000. Finally, Activest Wealth Management increased its holdings in Gartner by 11,600.0% in the 4th quarter. Activest Wealth Management now owns 117 shares of the information technology services provider’s stock valued at $30,000 after buying an additional 116 shares during the period. 91.51% of the stock is owned by institutional investors.
Gartner Trading Down 3.6%
IT opened at $142.78 on Tuesday. Gartner, Inc. has a fifty-two week low of $139.18 and a fifty-two week high of $409.98. The company has a debt-to-equity ratio of 46.98, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a market capitalization of $9.56 billion, a price-to-earnings ratio of 14.11, a PEG ratio of 0.81 and a beta of 0.94. The company’s 50 day moving average price is $154.76 and its two-hundred day moving average price is $184.34.
Wall Street Analyst Weigh In
IT has been the topic of several research reports. Barclays decreased their price target on shares of Gartner from $180.00 to $150.00 and set an “equal weight” rating on the stock in a report on Friday, April 10th. UBS Group decreased their price target on shares of Gartner from $170.00 to $164.00 and set a “neutral” rating on the stock in a report on Friday. Wells Fargo & Company decreased their price target on shares of Gartner from $150.00 to $140.00 and set an “underweight” rating on the stock in a report on Friday, March 27th. Royal Bank Of Canada decreased their price target on shares of Gartner from $175.00 to $160.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 6th. Finally, Morgan Stanley decreased their price target on shares of Gartner from $200.00 to $183.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 6th. 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’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $176.10.
View Our Latest Stock 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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