Vestmark Advisory Solutions Inc. cut its position in Gartner, Inc. (NYSE:IT – Get Rating) by 19.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,574 shares of the information technology services provider’s stock after selling 1,090 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Gartner were worth $1,538,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA boosted its holdings in shares of Gartner by 145.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,227,844 shares of the information technology services provider’s stock valued at $616,422,000 after buying an additional 1,318,892 shares during the period. Millennium Management LLC boosted its stake in shares of Gartner by 129.9% during the 2nd quarter. Millennium Management LLC now owns 963,565 shares of the information technology services provider’s stock valued at $233,019,000 after buying an additional 544,479 shares during the period. Findlay Park Partners LLP acquired a new stake in shares of Gartner during the 3rd quarter valued at $145,262,000. Putnam Investments LLC boosted its stake in shares of Gartner by 254.0% during the 3rd quarter. Putnam Investments LLC now owns 492,201 shares of the information technology services provider’s stock valued at $136,187,000 after buying an additional 353,146 shares during the period. Finally, Wellington Management Group LLP lifted its stake in shares of Gartner by 20.3% in the 1st quarter. Wellington Management Group LLP now owns 2,029,738 shares of the information technology services provider’s stock valued at $603,766,000 after purchasing an additional 342,228 shares during the last quarter. 91.86% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In other news, EVP Valentin Sribar sold 348 shares of Gartner stock in a transaction on Tuesday, March 14th. The shares were sold at an average price of $322.61, for a total value of $112,268.28. Following the completion of the sale, the executive vice president now owns 12,189 shares in the company, valued at approximately $3,932,293.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Gartner news, EVP Valentin Sribar sold 348 shares of Gartner stock in a transaction on Tuesday, March 14th. The shares were sold at an average price of $322.61, for a total transaction of $112,268.28. Following the transaction, the executive vice president now directly owns 12,189 shares of the company’s stock, valued at approximately $3,932,293.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Yvonne Genovese sold 874 shares of Gartner stock in a transaction on Friday, March 3rd. The stock was sold at an average price of $334.18, for a total transaction of $292,073.32. Following the transaction, the executive vice president now directly owns 2,568 shares in the company, valued at $858,174.24. The disclosure for this sale can be found here. Insiders have sold a total of 43,031 shares of company stock worth $15,047,172 in the last ninety days. Company insiders own 3.70% of the company’s stock.
Wall Street Analyst Weigh In
Gartner Price Performance
Shares of IT opened at $325.77 on Friday. The firm has a market capitalization of $25.76 billion, a PE ratio of 32.61, a PEG ratio of 5.16 and a beta of 1.28. The company’s 50-day moving average is $330.47 and its 200-day moving average is $323.30. Gartner, Inc. has a fifty-two week low of $221.39 and a fifty-two week high of $358.25. The company has a debt-to-equity ratio of 10.77, a current ratio of 0.77 and a quick ratio of 0.77.
Gartner (NYSE:IT – Get Rating) last released its earnings results on Tuesday, February 7th. The information technology services provider reported $3.70 EPS for the quarter, beating the consensus estimate of $2.57 by $1.13. Gartner had a net margin of 14.75% and a return on equity of 2,645.96%. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same period last year, the firm earned $2.99 EPS. The business’s quarterly revenue was up 15.2% compared to the same quarter last year. Equities analysts forecast that Gartner, Inc. will post 9.49 EPS for the current year.
Gartner Company Profile
Gartner, Inc is a research and advisory company, which equips business leaders with insights, advice, and tools that help build organizations. It operates through the following segments: Research, Consulting, and Conferences. The Research segment provides executives with objective insights and advice through reports, briefings, proprietary tools, access to the firm’s research experts, peer networking services, and membership programs.
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