Perigon Wealth Management LLC Sells 80 Shares of Gartner, Inc. (NYSE:IT)

Perigon Wealth Management LLC trimmed its stake in Gartner, Inc. (NYSE:IT) by 2.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,094 shares of the information technology services provider’s stock after selling 80 shares during the period. Perigon Wealth Management LLC’s holdings in Gartner were worth $1,584,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Assenagon Asset Management S.A. grew its holdings in Gartner by 208.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 272,267 shares of the information technology services provider’s stock valued at $131,905,000 after buying an additional 183,974 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in Gartner in the 3rd quarter valued at approximately $70,955,000. Principal Financial Group Inc. grew its holdings in Gartner by 5.5% in the 3rd quarter. Principal Financial Group Inc. now owns 2,001,142 shares of the information technology services provider’s stock valued at $1,014,099,000 after buying an additional 103,814 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Gartner in the 3rd quarter valued at approximately $36,789,000. Finally, JPMorgan Chase & Co. grew its holdings in Gartner by 7.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,036,530 shares of the information technology services provider’s stock valued at $525,272,000 after buying an additional 70,236 shares during the last quarter. 91.51% of the stock is owned by institutional investors.

Gartner Price Performance

Gartner stock opened at $538.05 on Thursday. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market capitalization of $41.50 billion, a PE ratio of 39.68, a price-to-earnings-growth ratio of 2.92 and a beta of 1.33. Gartner, Inc. has a one year low of $411.15 and a one year high of $559.00. The business has a 50 day simple moving average of $506.85 and a 200 day simple moving average of $502.86.

Gartner (NYSE:IT) last posted its earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 EPS for the quarter, topping the consensus estimate of $2.45 by $0.05. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.48 billion. Gartner had a return on equity of 118.27% and a net margin of 17.33%. Gartner’s revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the company earned $2.56 EPS. On average, sell-side analysts forecast that Gartner, Inc. will post 11.87 EPS for the current fiscal year.

Insider Buying and Selling

In other Gartner news, Director James C. Smith sold 2,450 shares of Gartner stock in a transaction on Monday, November 11th. The stock was 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Claire Herkes sold 411 shares of Gartner stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $521.24, for a total value of $214,229.64. Following the completion of the transaction, the executive vice president now owns 1,494 shares of the company’s stock, valued at approximately $778,732.56. The trade was a 21.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,583 shares of company stock worth $19,241,974 in the last 90 days. 3.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. StockNews.com raised Gartner from a “hold” rating to a “buy” rating in a report on Monday. Wells Fargo & Company decreased their price objective on Gartner from $470.00 to $460.00 and set an “underweight” rating on the stock in a report on Friday, January 10th. Deutsche Bank Aktiengesellschaft lifted their price objective on Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a report on Wednesday, November 6th. Barclays raised Gartner from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $525.00 to $600.00 in a report on Friday, January 10th. Finally, Morgan Stanley decreased their price objective on Gartner from $564.00 to $555.00 and set an “equal weight” rating on the stock in a report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $550.75.

Gartner Company Profile

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.