Gartner, Inc. (NYSE:IT) Shares Sold by Portside Wealth Group LLC

Portside Wealth Group LLC trimmed its holdings in shares of Gartner, Inc. (NYSE:IT) by 1.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,957 shares of the information technology services provider’s stock after selling 69 shares during the period. Portside Wealth Group LLC’s holdings in Gartner were worth $3,019,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in IT. Eastern Bank acquired a new position in Gartner in the third quarter valued at approximately $26,000. Ashton Thomas Securities LLC acquired a new position in shares of Gartner in the third quarter worth about $44,000. True Wealth Design LLC boosted its stake in shares of Gartner by 2,350.0% during the 3rd quarter. True Wealth Design LLC now owns 98 shares of the information technology services provider’s stock worth $50,000 after acquiring an additional 94 shares in the last quarter. Fortitude Family Office LLC grew its position in shares of Gartner by 23.8% during the 3rd quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider’s stock valued at $53,000 after acquiring an additional 20 shares during the period. Finally, Asset Dedication LLC increased its stake in shares of Gartner by 46.5% in the 3rd quarter. Asset Dedication LLC now owns 148 shares of the information technology services provider’s stock valued at $75,000 after purchasing an additional 47 shares in the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

Gartner Stock Performance

NYSE:IT opened at $516.34 on Friday. The company has a market cap of $39.83 billion, a P/E ratio of 38.08, a P/E/G ratio of 2.72 and a beta of 1.33. The company’s 50-day moving average price is $507.49 and its 200-day moving average price is $498.39. Gartner, Inc. has a twelve month low of $411.15 and a twelve month high of $559.00. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31.

Gartner (NYSE:IT) last posted its quarterly earnings data on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.45 by $0.05. The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.48 billion. Gartner had a return on equity of 118.27% and a net margin of 17.33%. The company’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.56 earnings per share. On average, sell-side analysts forecast that Gartner, Inc. will post 11.87 earnings per share for the current fiscal year.

Analysts Set New Price Targets

IT has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft increased their price target on Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. Barclays upgraded Gartner from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $525.00 to $600.00 in a research report on Friday, January 10th. StockNews.com lowered shares of Gartner from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. Robert W. Baird upped their price objective on shares of Gartner from $565.00 to $590.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. 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 report on Friday, January 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $550.75.

Insider Buying and Selling at Gartner

In other Gartner news, Director James C. Smith sold 17,533 shares of Gartner stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $547.09, for a total value of $9,592,128.97. Following the completion of the sale, the director now owns 532,294 shares in the company, valued at $291,212,724.46. The trade was a 3.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP William James Wartinbee III sold 189 shares of the stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $523.54, for a total transaction of $98,949.06. Following the transaction, the executive vice president now owns 7,311 shares in the company, valued at approximately $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. Over the last 90 days, insiders have sold 35,583 shares of company stock valued at $19,241,974. Insiders own 3.60% of the company’s stock.

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.