Aurora Investment Managers LLC. Decreases Position in Gartner, Inc. (NYSE:IT)

Aurora Investment Managers LLC. cut its stake in Gartner, Inc. (NYSE:ITFree Report) by 26.8% during the first quarter, HoldingsChannel reports. The institutional investor owned 5,076 shares of the information technology services provider’s stock after selling 1,861 shares during the quarter. Gartner comprises approximately 1.7% of Aurora Investment Managers LLC.’s portfolio, making the stock its 21st biggest holding. Aurora Investment Managers LLC.’s holdings in Gartner were worth $2,420,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of IT. Paralel Advisors LLC lifted its stake in Gartner by 1.3% in the 3rd quarter. Paralel Advisors LLC now owns 5,875 shares of the information technology services provider’s stock valued at $2,019,000 after buying an additional 73 shares in the last quarter. Kestra Advisory Services LLC raised its holdings in Gartner by 8.7% in the 3rd quarter. Kestra Advisory Services LLC now owns 4,403 shares of the information technology services provider’s stock valued at $1,513,000 after acquiring an additional 352 shares during the last quarter. QRG Capital Management Inc. acquired a new stake in Gartner in the 3rd quarter valued at about $278,000. Envestnet Portfolio Solutions Inc. acquired a new stake in Gartner in the 3rd quarter valued at about $2,688,000. Finally, Hsbc Holdings PLC raised its holdings in Gartner by 56.9% in the 3rd quarter. Hsbc Holdings PLC now owns 207,787 shares of the information technology services provider’s stock valued at $71,586,000 after acquiring an additional 75,370 shares during the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. StockNews.com downgraded shares of Gartner from a “buy” rating to a “hold” rating in a report on Friday. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Gartner in a report on Tuesday, April 16th. They issued a “hold” rating and a $507.00 price objective for the company. BMO Capital Markets cut their price objective on shares of Gartner from $450.00 to $432.00 and set a “market perform” rating for the company in a report on Thursday, May 2nd. Robert W. Baird cut their price target on shares of Gartner from $536.00 to $517.00 and set an “outperform” rating for the company in a report on Wednesday, May 1st. Finally, UBS Group cut their price target on shares of Gartner from $550.00 to $510.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $474.50.

Read Our Latest Research Report on IT

Insider Activity at Gartner

In related news, Director James C. Smith sold 10,000 shares of Gartner stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $439.29, for a total value of $4,392,900.00. Following the completion of the sale, the director now owns 599,074 shares in the company, valued at approximately $263,167,217.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Gartner news, Director James C. Smith sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $439.29, for a total value of $4,392,900.00. Following the completion of the transaction, the director now owns 599,074 shares of the company’s stock, valued at approximately $263,167,217.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Anne Sutherland Fuchs sold 705 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $428.99, for a total transaction of $302,437.95. Following the completion of the transaction, the director now directly owns 8,524 shares of the company’s stock, valued at approximately $3,656,710.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,544 shares of company stock worth $10,079,813. Insiders own 3.60% of the company’s stock.

Gartner Trading Up 0.4 %

Shares of NYSE IT traded up $1.65 during midday trading on Friday, reaching $452.13. 786,522 shares of the stock were exchanged, compared to its average volume of 419,845. The company has a 50 day simple moving average of $439.48 and a 200 day simple moving average of $452.18. The stock has a market capitalization of $35.10 billion, a P/E ratio of 44.99, a PEG ratio of 3.94 and a beta of 1.32. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.91 and a current ratio of 0.91. Gartner, Inc. has a twelve month low of $323.61 and a twelve month high of $486.54.

Gartner (NYSE:ITGet Free Report) last posted its earnings results on Tuesday, April 30th. The information technology services provider reported $2.93 earnings per share for the quarter, beating the consensus estimate of $2.53 by $0.40. Gartner had a net margin of 13.35% and a return on equity of 141.55%. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter last year, the firm earned $2.88 EPS. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. As a group, equities analysts expect that Gartner, Inc. will post 11.55 earnings per share for the current year.

Gartner Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Gartner (NYSE:IT)

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