Atria Investments Inc Sells 2,567 Shares of Gartner, Inc. (NYSE:IT)

Atria Investments Inc trimmed its position in shares of Gartner, Inc. (NYSE:IT) by 13.7% during the fourth quarter, HoldingsChannel reports. The firm owned 16,218 shares of the information technology services provider’s stock after selling 2,567 shares during the quarter. Atria Investments Inc’s holdings in Gartner were worth $7,857,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IT. Kestra Investment Management LLC bought a new stake in Gartner in the 4th quarter valued at $29,000. Ashton Thomas Securities LLC bought a new stake in Gartner in the 3rd quarter valued at $44,000. SBI Securities Co. Ltd. bought a new stake in Gartner in the 4th quarter valued at $49,000. True Wealth Design LLC lifted its position in Gartner by 2,350.0% in the 3rd quarter. True Wealth Design LLC now owns 98 shares of the information technology services provider’s stock valued at $50,000 after acquiring an additional 94 shares in the last quarter. Finally, Capital Performance Advisors LLP bought a new stake in Gartner in the 3rd quarter valued at $77,000. 91.51% of the stock is owned by institutional investors.

Insider Transactions at Gartner

In related news, SVP John J. Rinello sold 90 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $530.51, for a total value of $47,745.90. Following the transaction, the senior vice president now owns 3,259 shares in the company, valued at approximately $1,728,932.09. This represents a 2.69 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP William James Wartinbee III sold 189 shares of the company’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $523.54, for a total transaction of $98,949.06. Following the completion of the transaction, the executive vice president now owns 7,311 shares in the company, valued at approximately $3,827,600.94. This trade represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,479 shares of company stock worth $734,419 in the last ninety days. Insiders own 3.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on IT shares. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Gartner from $529.00 to $531.00 and gave the company a “hold” rating in a research report on Wednesday, November 6th. Robert W. Baird boosted their price target on shares of Gartner from $579.00 to $605.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. Barclays raised shares of Gartner from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $525.00 to $600.00 in a research report on Friday, January 10th. Morgan Stanley cut their price target 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. Finally, Wells Fargo & Company cut their price target 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $552.63.

Gartner Stock Up 1.7 %

Gartner stock opened at $490.25 on Thursday. The firm has a market capitalization of $37.66 billion, a PE ratio of 30.58, a P/E/G ratio of 3.30 and a beta of 1.34. The company’s 50-day moving average is $510.05 and its 200-day moving average is $510.31. Gartner, Inc. has a fifty-two week low of $411.15 and a fifty-two week high of $584.01. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 1.06.

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

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.