Hutchens & Kramer Investment Management Group LLC Trims Holdings in Gartner, Inc. (NYSE:IT)

Hutchens & Kramer Investment Management Group LLC decreased its stake in shares of Gartner, Inc. (NYSE:IT) by 38.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 689 shares of the information technology services provider’s stock after selling 428 shares during the quarter. Hutchens & Kramer Investment Management Group LLC’s holdings in Gartner were worth $334,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Eastern Bank acquired a new stake in Gartner during the third quarter worth $26,000. Ashton Thomas Securities LLC acquired a new stake in Gartner during the third quarter worth $44,000. True Wealth Design LLC increased its stake in Gartner by 2,350.0% during the third 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 during the last quarter. Fortitude Family Office LLC increased its stake in Gartner by 23.8% during the third quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider’s stock worth $53,000 after acquiring an additional 20 shares during the last quarter. Finally, Asset Dedication LLC increased its stake in Gartner by 46.5% during the third quarter. Asset Dedication LLC now owns 148 shares of the information technology services provider’s stock worth $75,000 after acquiring an additional 47 shares during the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on IT. Deutsche Bank Aktiengesellschaft raised their target price on Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a research note on Wednesday, November 6th. StockNews.com raised Gartner from a “hold” rating to a “buy” rating in a research note on Monday. Robert W. Baird lifted their price objective on Gartner from $565.00 to $590.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Morgan Stanley dropped their price objective on Gartner from $564.00 to $555.00 and set an “equal weight” rating for the company in a research note on Thursday, January 16th. Finally, Wells Fargo & Company dropped their price objective on Gartner from $470.00 to $460.00 and set an “underweight” rating for the company 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 five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $550.75.

Insiders Place Their Bets

In other news, EVP William James Wartinbee III sold 189 shares of the business’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 completion of the sale, the executive vice president now directly owns 7,311 shares of the company’s stock, valued at approximately $3,827,600.94. The trade was a 2.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Claire Herkes sold 411 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now directly owns 1,494 shares of the company’s stock, valued at $778,732.56. The trade was a 21.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 35,583 shares of company stock valued at $19,241,974 in the last ninety days. Insiders own 3.60% of the company’s stock.

Gartner Stock Up 1.7 %

Shares of NYSE IT opened at $537.45 on Tuesday. The company has a market capitalization of $41.45 billion, a price-to-earnings ratio of 39.63, a price-to-earnings-growth ratio of 2.92 and a beta of 1.33. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.02 and a quick ratio of 1.02. The business has a 50-day moving average of $505.97 and a two-hundred day moving average of $502.00. Gartner, Inc. has a 1 year low of $411.15 and a 1 year 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, topping analysts’ consensus estimates of $2.45 by $0.05. The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.48 billion. Gartner had a return on equity of 118.27% and a net margin of 17.33%. Gartner’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the previous year, the business earned $2.56 EPS. On average, analysts forecast that Gartner, Inc. will post 11.87 earnings per share for the current fiscal year.

Gartner 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.