ORG Wealth Partners LLC Decreases Stock Holdings in Gartner, Inc. (NYSE:IT)

by · The Markets Daily

ORG Wealth Partners LLC lessened its stake in Gartner, Inc. (NYSE:IT – Free Report) by 20.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 510 shares of the information technology services provider’s stock after selling 129 shares during the quarter. ORG Wealth Partners LLC’s holdings in Gartner were worth $247,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Baron Wealth Management LLC boosted its holdings in Gartner by 4.1% in the 3rd quarter. Baron Wealth Management LLC now owns 481 shares of the information technology services provider’s stock worth $244,000 after buying an additional 19 shares during the last quarter. Fortitude Family Office LLC boosted its stake 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 purchasing an additional 20 shares during the last quarter. Moors & Cabot Inc. grew its holdings in shares of Gartner by 3.0% during the second quarter. Moors & Cabot Inc. now owns 763 shares of the information technology services provider’s stock worth $343,000 after buying an additional 22 shares in the last quarter. Wallace Advisory Group LLC raised its position in shares of Gartner by 2.4% in the second quarter. Wallace Advisory Group LLC now owns 980 shares of the information technology services provider’s stock valued at $440,000 after buying an additional 23 shares during the last quarter. Finally, Trust Point Inc. lifted its stake in shares of Gartner by 3.2% in the third quarter. Trust Point Inc. now owns 746 shares of the information technology services provider’s stock worth $378,000 after buying an additional 23 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Wells Fargo & Company lowered their target price on Gartner from $470.00 to $460.00 and set an “underweight” rating on the stock in a report on Friday. Morgan Stanley lifted their price target on Gartner from $560.00 to $564.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Robert W. Baird upped their price objective on shares of Gartner from $565.00 to $590.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a research note on Wednesday, November 6th. Finally, Barclays raised shares of Gartner from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $525.00 to $600.00 in a research note on Friday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Gartner currently has an average rating of “Hold” and an average target price of $551.88.

Get Our Latest Analysis on Gartner

Gartner Trading Down 2.4 %

NYSE:IT traded down $11.84 during trading hours on Friday, reaching $483.60. 150,069 shares of the stock were exchanged, compared to its average volume of 358,309. Gartner, Inc. has a twelve month low of $411.15 and a twelve month high of $559.00. The business has a 50-day moving average of $510.05 and a two-hundred day moving average of $495.69. The company has a market capitalization of $37.30 billion, a price-to-earnings ratio of 35.66, a PEG ratio of 3.18 and a beta of 1.33. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.31.

Gartner (NYSE:IT – Get Free Report) last released its earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.45 by $0.05. Gartner had a return on equity of 118.27% and a net margin of 17.33%. The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the previous year, the company posted $2.56 EPS. Gartner’s revenue was up 5.4% compared to the same quarter last year. On average, equities analysts predict that Gartner, Inc. will post 11.87 EPS for the current year.

Insider Buying and Selling

In other 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 sale, the executive vice president now owns 1,494 shares in the company, valued at approximately $778,732.56. This represents a 21.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James C. Smith sold 2,450 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $554.68, for a total value of $1,358,966.00. Following the completion of the transaction, the director now owns 529,844 shares in the company, valued at $293,893,869.92. This trade represents a 0.46 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,583 shares of company stock valued at $19,241,974 in the last three months. 3.60% of the stock is owned by corporate insiders.

About Gartner

(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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