Sapient Capital LLC Boosts Stock Holdings in Gartner, Inc. (NYSE:IT)

Sapient Capital LLC lifted its stake in Gartner, Inc. (NYSE:IT) by 0.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,951 shares of the information technology services provider’s stock after purchasing an additional 89 shares during the period. Sapient Capital LLC’s holdings in Gartner were worth $6,759,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Eastern Bank purchased a new position in shares of Gartner in the 3rd quarter valued at about $26,000. Ashton Thomas Securities LLC acquired a new stake in Gartner in the third quarter valued at approximately $44,000. True Wealth Design LLC lifted its stake in Gartner by 2,350.0% in 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 grew its holdings in Gartner by 23.8% during the 3rd 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 in the last quarter. Finally, Asset Dedication LLC increased its position 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 during the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

Gartner Price Performance

IT stock opened at $528.74 on Tuesday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. The company has a market capitalization of $40.78 billion, a P/E ratio of 32.98, a PEG ratio of 3.50 and a beta of 1.34. The business has a 50 day simple moving average of $510.16 and a 200-day simple moving average of $507.55. Gartner, Inc. has a twelve month low of $411.15 and a twelve month high of $584.01.

Gartner (NYSE:IT) last issued its quarterly earnings data on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $2.23. Gartner had a net margin of 20.00% and a return on equity of 136.32%. The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same period last year, the firm posted $3.04 EPS. Gartner’s revenue for the quarter was up 8.1% on a year-over-year basis. As a group, equities analysts anticipate that Gartner, Inc. will post 12.5 EPS for the current year.

Analyst Ratings Changes

IT has been the subject of a number of analyst reports. Wells Fargo & Company lowered their target price on shares of Gartner from $470.00 to $460.00 and set an “underweight” rating for the company in a research note on Friday, January 10th. Robert W. Baird upped their price objective on Gartner from $579.00 to $605.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. Morgan Stanley decreased their target price 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. Deutsche Bank Aktiengesellschaft increased their price target on shares of Gartner from $529.00 to $531.00 and gave the company a “hold” rating in a research note on Wednesday, November 6th. Finally, StockNews.com downgraded shares of Gartner from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $552.63.

Insider Activity at Gartner

In related news, EVP Claire Herkes sold 411 shares of the stock in a transaction dated 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 transaction, the executive vice president now directly owns 1,494 shares of the company’s stock, valued at $778,732.56. This represents a 21.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director James C. Smith sold 5,000 shares of Gartner stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $524.02, for a total value of $2,620,100.00. Following the completion of the sale, the director now directly owns 509,457 shares in the company, valued at $266,965,657.14. This represents a 0.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,600 shares of company stock worth $2,933,279 in the last quarter. Company 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.