Sanctuary Advisors LLC Has $3.26 Million Holdings in Gartner, Inc. (NYSE:IT)

Sanctuary Advisors LLC trimmed its holdings in shares of Gartner, Inc. (NYSE:IT) by 0.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm 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 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Assenagon Asset Management S.A. lifted its position in shares of Gartner by 208.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 272,267 shares of the information technology services provider’s stock valued at $131,905,000 after acquiring an additional 183,974 shares during the period. Point72 Asset Management L.P. bought a new stake in Gartner during the third quarter worth about $70,955,000. Principal Financial Group Inc. grew its stake in Gartner by 5.5% during the third quarter. Principal Financial Group Inc. now owns 2,001,142 shares of the information technology services provider’s stock worth $1,014,099,000 after buying an additional 103,814 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Gartner in the 3rd quarter valued at about $36,789,000. Finally, JPMorgan Chase & Co. raised its position in shares of Gartner by 7.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,036,530 shares of the information technology services provider’s stock valued at $525,272,000 after buying an additional 70,236 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insider Activity

In other Gartner news, EVP Claire Herkes sold 411 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $521.24, for a total transaction of $214,229.64. Following the completion of the sale, the executive vice president now owns 1,494 shares of the company’s stock, valued at approximately $778,732.56. This represents a 21.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP John J. Rinello sold 90 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $530.51, for a total transaction of $47,745.90. Following the completion of the transaction, the senior vice president now owns 3,259 shares in the company, valued at $1,728,932.09. This trade represents a 2.69 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,690 shares of company stock valued at $2,981,025. Insiders own 3.60% of the company’s stock.

Wall Street Analysts Forecast Growth

IT has been the topic of several analyst reports. StockNews.com upgraded shares of Gartner from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th. Robert W. Baird raised their target price on Gartner from $579.00 to $605.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft boosted their price target on Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a report on Wednesday, November 6th. 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 report on Friday, January 10th. Finally, Barclays upgraded Gartner from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $525.00 to $600.00 in a research report on Friday, January 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $552.63.

Gartner Trading Down 3.1 %

Shares of IT stock opened at $487.44 on Friday. Gartner, Inc. has a twelve month low of $411.15 and a twelve month high of $584.01. The stock’s fifty day simple moving average is $509.42 and its 200 day simple moving average is $509.05. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. The firm has a market capitalization of $37.60 billion, a P/E ratio of 30.41, a P/E/G ratio of 3.38 and a beta of 1.34.

Gartner (NYSE:IT) last released its quarterly earnings data on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.22 by $2.23. The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.69 billion. Gartner had a return on equity of 116.56% and a net margin of 20.00%. The firm’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.04 earnings per share. As a group, sell-side analysts predict that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

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.