Gartner, Inc. (NYSE:IT) Shares Sold by Isthmus Partners LLC

Isthmus Partners LLC reduced its position in shares of Gartner, Inc. (NYSE:IT) by 0.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,232 shares of the information technology services provider’s stock after selling 128 shares during the period. Gartner comprises about 1.9% of Isthmus Partners LLC’s investment portfolio, making the stock its 10th largest holding. Isthmus Partners LLC’s holdings in Gartner were worth $15,827,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of IT. Northwest & Ethical Investments L.P. boosted its position in Gartner by 12.0% during the third quarter. Northwest & Ethical Investments L.P. now owns 560 shares of the information technology services provider’s stock valued at $284,000 after purchasing an additional 60 shares during the last quarter. Vinva Investment Management Ltd boosted its position in Gartner by 86.6% during the third quarter. Vinva Investment Management Ltd now owns 10,557 shares of the information technology services provider’s stock valued at $5,373,000 after purchasing an additional 4,900 shares during the last quarter. Financial Counselors Inc. acquired a new position in Gartner during the third quarter valued at approximately $331,000. Public Sector Pension Investment Board boosted its position in Gartner by 13.7% during the third quarter. Public Sector Pension Investment Board now owns 3,330 shares of the information technology services provider’s stock valued at $1,688,000 after purchasing an additional 400 shares during the last quarter. Finally, Fiduciary Trust Co lifted its position in shares of Gartner by 7.2% in the third quarter. Fiduciary Trust Co now owns 3,761 shares of the information technology services provider’s stock valued at $1,906,000 after buying an additional 252 shares during the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

Gartner Price Performance

Shares of NYSE IT opened at $519.23 on Friday. The firm has a market cap of $40.05 billion, a P/E ratio of 38.29, a price-to-earnings-growth ratio of 3.24 and a beta of 1.32. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. Gartner, Inc. has a 1-year low of $411.15 and a 1-year high of $559.00. The business’s 50 day moving average is $520.81 and its 200-day moving average is $482.87.

Gartner (NYSE:IT) last posted its quarterly earnings data on Tuesday, November 5th. The information technology services provider reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $2.45 by $0.05. Gartner had a return on equity of 118.27% and a net margin of 17.33%. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter last year, the company earned $2.56 EPS. The company’s revenue was up 5.4% on a year-over-year basis. Equities research analysts predict that Gartner, Inc. will post 11.89 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Akhil Jain sold 500 shares of Gartner stock in a transaction on Monday, September 9th. The stock was sold at an average price of $492.00, for a total value of $246,000.00. Following the transaction, the executive vice president now owns 4,339 shares in the company, valued at approximately $2,134,788. This trade represents a 10.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director James C. Smith sold 2,450 shares of Gartner stock in a transaction on 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 approximately $293,893,869.92. The trade was a 0.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 72,149 shares of company stock worth $37,694,911 in the last 90 days. Company insiders own 3.60% of the company’s stock.

Analyst Ratings Changes

IT has been the subject of a number of recent analyst reports. Robert W. Baird raised their price objective on Gartner from $565.00 to $590.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Morgan Stanley raised their price objective on Gartner from $490.00 to $528.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft raised their price objective on Gartner from $529.00 to $531.00 and gave the company a “hold” rating in a research report on Wednesday, November 6th. Barclays raised their price objective on Gartner from $470.00 to $525.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 6th. Finally, Wells Fargo & Company raised their price objective on Gartner from $460.00 to $470.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Gartner presently has a consensus rating of “Hold” and an average target price of $539.25.

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.