TD Private Client Wealth LLC Reduces Stock Position in Gartner, Inc. (NYSE:IT)

TD Private Client Wealth LLC lowered its stake in Gartner, Inc. (NYSE:IT) by 31.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,577 shares of the information technology services provider’s stock after selling 2,111 shares during the quarter. TD Private Client Wealth LLC’s holdings in Gartner were worth $2,319,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in IT. Sequoia Financial Advisors LLC boosted its holdings in Gartner by 6.2% in the second quarter. Sequoia Financial Advisors LLC now owns 1,314 shares of the information technology services provider’s stock worth $590,000 after purchasing an additional 77 shares during the last quarter. Miracle Mile Advisors LLC bought a new position in Gartner in the second quarter worth approximately $213,000. Blue Trust Inc. raised its position in Gartner by 273.7% in the second quarter. Blue Trust Inc. now owns 426 shares of the information technology services provider’s stock worth $203,000 after acquiring an additional 312 shares during the period. TCW Group Inc. raised its position in Gartner by 6.7% in the second quarter. TCW Group Inc. now owns 207,976 shares of the information technology services provider’s stock worth $93,394,000 after acquiring an additional 13,016 shares during the period. Finally, OFI Invest Asset Management raised its position in Gartner by 10,298.5% in the second quarter. OFI Invest Asset Management now owns 7,071 shares of the information technology services provider’s stock worth $2,963,000 after acquiring an additional 7,003 shares during the period. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Insider Buying and Selling at Gartner

In other Gartner news, EVP Claire Herkes sold 411 shares of Gartner stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $521.24, for a total value of $214,229.64. Following the completion of the transaction, the executive vice president now directly owns 1,494 shares of the company’s stock, valued at $778,732.56. This trade represents a 21.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP William James Wartinbee III sold 189 shares of Gartner stock in a transaction on Friday, December 6th. The stock was sold at an average price of $523.54, for a total transaction of $98,949.06. Following the completion of the transaction, the executive vice president now directly owns 7,311 shares of the company’s stock, valued at $3,827,600.94. The trade was a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 35,583 shares of company stock worth $19,241,974. Insiders own 3.60% of the company’s stock.

Analyst Ratings Changes

IT has been the topic of several recent research reports. Barclays increased their price target on shares of Gartner from $470.00 to $525.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 6th. Wells Fargo & Company increased their price target on shares of Gartner from $460.00 to $470.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. StockNews.com upgraded shares of Gartner from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Gartner from $529.00 to $531.00 and gave the company a “hold” rating in a research report on Wednesday, November 6th. Finally, Robert W. Baird raised their price objective on shares of Gartner from $565.00 to $590.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $543.75.

Gartner Stock Performance

Shares of NYSE IT opened at $514.20 on Friday. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market cap of $39.66 billion, a P/E ratio of 37.92, a P/E/G ratio of 3.23 and a beta of 1.31. The firm’s fifty day moving average is $522.24 and its two-hundred day moving average is $488.03. Gartner, Inc. has a 52-week low of $411.15 and a 52-week high of $559.00.

Gartner (NYSE:IT) last announced its quarterly earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.45 by $0.05. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.48 billion. Gartner had a net margin of 17.33% and a return on equity of 118.27%. Gartner’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.56 EPS. As a group, analysts anticipate that Gartner, Inc. will post 11.89 EPS for the current fiscal year.

Gartner Company 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.