Sanctuary Advisors LLC Sells 43 Shares of Gartner, Inc. (NYSE:IT)

Sanctuary Advisors LLC reduced its holdings in Gartner, Inc. (NYSE:IT) by 0.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,731 shares of the information technology services provider’s stock after selling 43 shares during the quarter. Sanctuary Advisors LLC’s holdings in Gartner were worth $3,261,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Principal Financial Group Inc. grew its position in shares of Gartner by 0.6% during the 4th quarter. Principal Financial Group Inc. now owns 2,012,799 shares of the information technology services provider’s stock worth $975,141,000 after buying an additional 11,657 shares during the period. Legacy Capital Wealth Partners LLC acquired a new stake in Gartner in the fourth quarter worth $265,000. Avestar Capital LLC increased its stake in Gartner by 15.2% in the fourth quarter. Avestar Capital LLC now owns 934 shares of the information technology services provider’s stock valued at $452,000 after purchasing an additional 123 shares in the last quarter. MGB Wealth Management LLC acquired a new position in shares of Gartner during the fourth quarter valued at about $247,000. Finally, Fiera Capital Corp boosted its position in shares of Gartner by 10.9% during the 4th quarter. Fiera Capital Corp now owns 231,363 shares of the information technology services provider’s stock worth $112,088,000 after purchasing an additional 22,750 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors.

Insider Activity

In other Gartner news, Director James C. Smith sold 5,000 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $524.02, for a total value of $2,620,100.00. Following the completion of the sale, the director now directly owns 509,457 shares of the company’s stock, valued at $266,965,657.14. This trade represents a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Claire Herkes sold 411 shares of the company’s 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 transaction, the executive vice president now directly owns 1,494 shares in the company, valued at $778,732.56. This represents a 21.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,690 shares of company stock valued at $2,981,025 in the last ninety days. 3.60% of the stock is currently owned by insiders.

Gartner Trading Down 3.1 %

Shares of Gartner stock opened at $487.44 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.81. The stock has a fifty day simple moving average of $509.42 and a 200 day simple moving average of $509.05. Gartner, Inc. has a 12-month low of $411.15 and a 12-month high of $584.01. The company has a market capitalization of $37.60 billion, a P/E ratio of 30.41, a price-to-earnings-growth ratio of 3.38 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 analysts’ consensus estimates of $3.22 by $2.23. Gartner had a net margin of 20.00% and a return on equity of 116.56%. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same period last year, the firm earned $3.04 earnings per share. The firm’s revenue was up 8.1% on a year-over-year basis. On average, sell-side analysts anticipate that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on IT shares. Deutsche Bank Aktiengesellschaft boosted their target price on Gartner from $529.00 to $531.00 and gave the company a “hold” rating in a research report on Wednesday, November 6th. Wells Fargo & Company decreased their price objective on Gartner from $470.00 to $460.00 and set an “underweight” rating for the company in a report on Friday, January 10th. Barclays upgraded Gartner from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $525.00 to $600.00 in a report on Friday, January 10th. Robert W. Baird boosted their price target on shares of Gartner from $579.00 to $605.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. Finally, StockNews.com upgraded shares of Gartner from a “hold” rating to a “buy” rating in a report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $552.63.

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.