Lindbrook Capital LLC lowered its stake in Gartner, Inc. (NYSE:IT – Free Report) by 33.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 114 shares of the information technology services provider’s stock after selling 58 shares during the period. Lindbrook Capital LLC’s holdings in Gartner were worth $37,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the stock. Morgan Stanley boosted its holdings in shares of Gartner by 271.1% during the 4th quarter. Morgan Stanley now owns 2,151,011 shares of the information technology services provider’s stock valued at $723,041,000 after buying an additional 1,571,413 shares in the last quarter. Norges Bank purchased a new position in shares of Gartner in the 4th quarter worth about $263,599,000. Wellington Management Group LLP raised its position 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 worth $603,766,000 after purchasing an additional 342,228 shares during the last quarter. Artemis Investment Management LLP raised its position in shares of Gartner by 226.1% in the 4th quarter. Artemis Investment Management LLP now owns 310,866 shares of the information technology services provider’s stock worth $104,943,000 after purchasing an additional 215,541 shares during the last quarter. Finally, Bank of America Corp DE raised its position in shares of Gartner by 26.9% in the 4th quarter. Bank of America Corp DE now owns 895,011 shares of the information technology services provider’s stock worth $300,849,000 after purchasing an additional 189,986 shares during the last quarter. Institutional investors own 92.41% of the company’s stock.
Insider Activity at Gartner
In related news, CEO Eugene A. Hall sold 11,058 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $345.53, for a total transaction of $3,820,870.74. Following the completion of the transaction, the chief executive officer now directly owns 1,145,702 shares in the company, valued at approximately $395,874,412.06. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Gartner news, EVP Yvonne Genovese sold 1,327 shares of the company’s stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $299.14, for a total value of $396,958.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Eugene A. Hall sold 11,058 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $345.53, for a total value of $3,820,870.74. Following the completion of the transaction, the chief executive officer now owns 1,145,702 shares of the company’s stock, valued at $395,874,412.06. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,115 shares of company stock worth $7,815,611. 3.90% of the stock is owned by company insiders.
Gartner Trading Up 0.4 %
Gartner (NYSE:IT – Get Free Report) last released its quarterly earnings results on Tuesday, May 2nd. The information technology services provider reported $2.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.04 by $0.84. The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.37 billion. Gartner had a return on equity of 772.55% and a net margin of 16.56%. The business’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period in the previous year, the company posted $2.33 EPS. Analysts predict that Gartner, Inc. will post 10.05 EPS for the current year.
Analyst Ratings Changes
Several equities analysts have recently issued reports on the company. UBS Group assumed coverage on Gartner in a research report on Wednesday, May 31st. They issued a “neutral” rating and a $368.00 price target for the company. BMO Capital Markets lowered their price target on Gartner from $357.00 to $337.00 and set a “market perform” rating for the company in a research report on Friday, April 21st. Wells Fargo & Company lowered their price target on Gartner from $387.00 to $380.00 and set an “overweight” rating for the company in a research report on Wednesday, April 19th. Finally, StockNews.com raised Gartner from a “hold” rating to a “buy” rating in a research report on Friday, July 7th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $359.13.
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.
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