Gartner, Inc. (NYSE:IT) Shares Sold by Aster Capital Management DIFC Ltd

Aster Capital Management DIFC Ltd cut its holdings in Gartner, Inc. (NYSE:IT) by 71.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 297 shares of the information technology services provider’s stock after selling 729 shares during the quarter. Aster Capital Management DIFC Ltd’s holdings in Gartner were worth $144,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of IT. Czech National Bank lifted its stake in Gartner by 6.5% during the fourth quarter. Czech National Bank now owns 16,725 shares of the information technology services provider’s stock valued at $8,103,000 after purchasing an additional 1,028 shares during the last quarter. Entropy Technologies LP acquired a new stake in shares of Gartner during the 4th quarter valued at $366,000. D.A. Davidson & CO. boosted its stake in shares of Gartner by 2.6% during the 4th quarter. D.A. Davidson & CO. now owns 1,137 shares of the information technology services provider’s stock worth $551,000 after acquiring an additional 29 shares in the last quarter. Conestoga Capital Advisors LLC grew its holdings in shares of Gartner by 1.5% in the 4th quarter. Conestoga Capital Advisors LLC now owns 31,626 shares of the information technology services provider’s stock worth $15,322,000 after acquiring an additional 480 shares during the last quarter. Finally, Barclays PLC raised its position in shares of Gartner by 8.6% during the third quarter. Barclays PLC now owns 166,787 shares of the information technology services provider’s stock worth $84,520,000 after purchasing an additional 13,205 shares during the period. 91.51% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP John J. Rinello sold 90 shares of the company’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $530.51, for a total value of $47,745.90. Following the completion of the sale, the senior vice president now directly owns 3,259 shares in the company, valued at approximately $1,728,932.09. This represents a 2.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Eileen Serra sold 1,200 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $489.77, for a total transaction of $587,724.00. Following the transaction, the director now directly owns 1,627 shares in the company, valued at $796,855.79. The trade was a 42.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by corporate insiders.

Gartner Trading Down 0.3 %

NYSE IT opened at $382.25 on Tuesday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.81. Gartner, Inc. has a 1-year low of $366.05 and a 1-year high of $584.01. The firm’s fifty day simple moving average is $479.61 and its 200-day simple moving average is $501.20. The company has a market capitalization of $29.36 billion, a PE ratio of 23.85, a price-to-earnings-growth ratio of 3.30 and a beta of 1.26.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on IT shares. Robert W. Baird decreased their price target on Gartner from $605.00 to $557.00 and set an “outperform” rating for the company in a research report on Friday, March 21st. Morgan Stanley dropped their target price on shares of Gartner from $564.00 to $555.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 16th. StockNews.com downgraded shares of Gartner from a “buy” rating to a “hold” rating in a research report on Friday, March 21st. Wells Fargo & Company lowered their price objective 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. Finally, Barclays reduced their target price on Gartner from $600.00 to $510.00 and set an “overweight” rating for the company in a report on Friday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Gartner presently has an average rating of “Hold” and a consensus price target of $525.38.

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.