Resonant Capital Advisors LLC Cuts Stock Position in Gartner, Inc. (NYSE:IT)

Resonant Capital Advisors LLC lessened its stake in Gartner, Inc. (NYSE:IT) by 6.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,044 shares of the information technology services provider’s stock after selling 137 shares during the period. Resonant Capital Advisors LLC’s holdings in Gartner were worth $922,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fidelis Capital Partners LLC acquired a new stake in Gartner in the fourth quarter worth about $309,000. Xponance Inc. boosted its holdings in Gartner by 28.3% in the fourth quarter. Xponance Inc. now owns 26,394 shares of the information technology services provider’s stock worth $11,907,000 after acquiring an additional 5,822 shares in the last quarter. Court Place Advisors LLC acquired a new stake in Gartner in the fourth quarter worth about $234,000. Daiwa Securities Group Inc. boosted its holdings in Gartner by 8.9% in the fourth quarter. Daiwa Securities Group Inc. now owns 7,162 shares of the information technology services provider’s stock worth $3,231,000 after acquiring an additional 583 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Gartner by 185.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 38,369 shares of the information technology services provider’s stock worth $17,309,000 after acquiring an additional 24,912 shares in the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on IT shares. Deutsche Bank Aktiengesellschaft started coverage on Gartner in a report on Tuesday. They issued a “hold” rating and a $507.00 price target for the company. StockNews.com downgraded Gartner from a “buy” rating to a “hold” rating in a report on Saturday, February 10th. BMO Capital Markets lifted their target price on Gartner from $444.00 to $450.00 and gave the stock a “market perform” rating in a report on Thursday, February 8th. UBS Group raised Gartner from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $484.00 to $550.00 in a report on Thursday, April 11th. Finally, Morgan Stanley lifted their target price on Gartner from $421.00 to $446.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 6th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $477.60.

Insider Buying and Selling at Gartner

In other Gartner news, EVP Valentin Sribar sold 682 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $453.00, for a total value of $308,946.00. Following the completion of the transaction, the executive vice president now directly owns 12,269 shares of the company’s stock, valued at $5,557,857. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Claire Herkes sold 1,460 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $475.76, for a total value of $694,609.60. Following the completion of the sale, the executive vice president now directly owns 2,842 shares in the company, valued at $1,352,109.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Valentin Sribar sold 682 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $453.00, for a total value of $308,946.00. Following the completion of the sale, the executive vice president now owns 12,269 shares of the company’s stock, valued at $5,557,857. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,952 shares of company stock valued at $10,598,070. 3.90% of the stock is owned by company insiders.

Gartner Trading Down 2.1 %

Shares of NYSE:IT opened at $440.38 on Friday. Gartner, Inc. has a 12-month low of $292.60 and a 12-month high of $486.54. The company has a market capitalization of $34.34 billion, a PE ratio of 39.82, a PEG ratio of 4.11 and a beta of 1.29. The business has a 50 day moving average of $465.07 and a two-hundred day moving average of $434.48. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 3.60.

Gartner (NYSE:IT) last announced its quarterly earnings results on Tuesday, February 6th. The information technology services provider reported $3.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.83 by $0.21. Gartner had a return on equity of 156.35% and a net margin of 14.94%. The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same period in the previous year, the company posted $3.70 earnings per share. Gartner’s revenue for the quarter was up 6.3% on a year-over-year basis. As a group, analysts forecast that Gartner, Inc. will post 11.36 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.