Wrapmanager Inc. Sells 220 Shares of Gartner, Inc. (NYSE:IT)

Wrapmanager Inc. reduced its stake in shares of Gartner, Inc. (NYSE:IT) by 19.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 903 shares of the information technology services provider’s stock after selling 220 shares during the quarter. Wrapmanager Inc.’s holdings in Gartner were worth $437,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in IT. Czech National Bank lifted its position in Gartner by 6.5% during the fourth quarter. Czech National Bank now owns 16,725 shares of the information technology services provider’s stock valued at $8,103,000 after buying an additional 1,028 shares during the period. Assetmark Inc. boosted its stake in Gartner by 70.0% during the third quarter. Assetmark Inc. now owns 5,144 shares of the information technology services provider’s stock worth $2,607,000 after acquiring an additional 2,118 shares in the last quarter. Entropy Technologies LP purchased a new stake in Gartner in the fourth quarter worth about $366,000. ING Groep NV increased its stake in shares of Gartner by 38.4% during the third quarter. ING Groep NV now owns 10,306 shares of the information technology services provider’s stock valued at $5,223,000 after purchasing an additional 2,860 shares in the last quarter. Finally, Conestoga Capital Advisors LLC lifted its holdings in shares of Gartner by 1.5% during the fourth quarter. Conestoga Capital Advisors LLC now owns 31,626 shares of the information technology services provider’s stock valued at $15,322,000 after purchasing an additional 480 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

IT has been the topic of several recent research reports. Robert W. Baird upped their price target on Gartner from $579.00 to $605.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Morgan Stanley reduced their price target on Gartner from $564.00 to $555.00 and set an “equal weight” rating for the company in a report on Thursday, January 16th. Barclays upgraded shares of Gartner from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $525.00 to $600.00 in a research note on Friday, January 10th. StockNews.com upgraded shares of Gartner from a “hold” rating to a “buy” rating in a research note on Wednesday, February 12th. Finally, Wells Fargo & Company dropped their target price on shares of Gartner from $470.00 to $460.00 and set an “underweight” rating on the stock in a research note on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $552.63.

Insiders Place Their Bets

In other news, EVP William James Wartinbee III sold 189 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $523.54, for a total value of $98,949.06. Following the transaction, the executive vice president now owns 7,311 shares of the company’s stock, valued at $3,827,600.94. This trade represents a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Claire Herkes sold 411 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 1,494 shares of the company’s stock, valued at approximately $778,732.56. This trade represents a 21.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 690 shares of company stock valued at $360,925. Insiders own 3.60% of the company’s stock.

Gartner Stock Up 2.0 %

Shares of Gartner stock opened at $497.72 on Tuesday. Gartner, Inc. has a twelve month low of $411.15 and a twelve month high of $584.01. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. The company’s 50 day moving average is $509.33 and its 200 day moving average is $509.73. The company has a market cap of $38.23 billion, a price-to-earnings ratio of 31.05, a price-to-earnings-growth ratio of 3.30 and a beta of 1.34.

Gartner (NYSE:IT) last released its quarterly earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share for the quarter, beating the consensus estimate of $3.22 by $2.23. Gartner had a return on equity of 116.56% and a net margin of 20.00%. The firm had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.69 billion. During the same period in the prior year, the firm earned $3.04 EPS. The company’s revenue was up 8.1% compared to the same quarter last year. Research analysts anticipate that Gartner, Inc. will post 12.5 EPS for the current year.

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.