Desjardins Global Asset Management Inc. Has $157,000 Stake in Gartner, Inc. (NYSE:IT)

Desjardins Global Asset Management Inc. trimmed its stake in Gartner, Inc. (NYSE:IT) by 90.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 349 shares of the information technology services provider’s stock after selling 3,333 shares during the period. Desjardins Global Asset Management Inc.’s holdings in Gartner were worth $157,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of IT. SVB Wealth LLC lifted its holdings in Gartner by 1.5% during the 4th quarter. SVB Wealth LLC now owns 7,431 shares of the information technology services provider’s stock valued at $3,352,000 after purchasing an additional 108 shares during the last quarter. Mackenzie Financial Corp lifted its holdings in Gartner by 26.3% during the 4th quarter. Mackenzie Financial Corp now owns 629,969 shares of the information technology services provider’s stock valued at $284,185,000 after purchasing an additional 131,222 shares during the last quarter. Dakota Wealth Management lifted its holdings in Gartner by 18.9% during the 4th quarter. Dakota Wealth Management now owns 6,346 shares of the information technology services provider’s stock valued at $2,863,000 after purchasing an additional 1,009 shares during the last quarter. Waldron Private Wealth LLC bought a new position in Gartner during the 4th quarter valued at about $209,000. Finally, Strs Ohio bought a new position in Gartner during the 4th quarter valued at about $1,306,000. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on IT. Deutsche Bank Aktiengesellschaft began coverage on shares of Gartner in a report on Tuesday. They set a “hold” rating and a $507.00 price target for the company. StockNews.com cut shares of Gartner from a “buy” rating to a “hold” rating in a research report on Saturday, February 10th. Morgan Stanley raised their price objective on shares of Gartner from $421.00 to $446.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 6th. BMO Capital Markets raised their price objective on shares of Gartner from $444.00 to $450.00 and gave the company a “market perform” rating in a research report on Thursday, February 8th. Finally, UBS Group upgraded shares of Gartner from a “neutral” rating to a “buy” rating and raised their price objective for the company from $484.00 to $550.00 in a research report on Thursday, April 11th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $477.60.

Gartner Stock Up 0.1 %

Shares of NYSE:IT opened at $449.61 on Friday. Gartner, Inc. has a one year low of $292.60 and a one year high of $486.54. The company has a 50 day moving average of $465.53 and a 200-day moving average of $433.82. The company has a debt-to-equity ratio of 3.60, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a market cap of $35.06 billion, a price-to-earnings ratio of 40.65, a P/E/G ratio of 4.10 and a beta of 1.29.

Gartner (NYSE:IT) last issued its quarterly earnings results on Tuesday, February 6th. The information technology services provider reported $3.04 EPS for the quarter, topping the consensus estimate of $2.83 by $0.21. Gartner had a net margin of 14.94% and a return on equity of 156.35%. The company had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.59 billion. During the same quarter in the previous year, the company earned $3.70 EPS. Gartner’s revenue was up 6.3% on a year-over-year basis. On average, sell-side analysts forecast that Gartner, Inc. will post 11.36 earnings per share for the current year.

Insider Buying and Selling at Gartner

In other Gartner news, EVP Valentin Sribar sold 682 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $453.00, for a total value of $308,946.00. Following the completion of the sale, the executive vice president now owns 12,269 shares of the company’s stock, valued at $5,557,857. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Gartner news, EVP Valentin Sribar sold 682 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $453.00, for a total value of $308,946.00. Following the completion of the sale, the executive vice president now owns 12,269 shares of the company’s stock, valued at $5,557,857. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James C. Smith sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $455.00, for a total transaction of $2,275,000.00. Following the completion of the sale, the director now directly owns 638,235 shares of the company’s stock, valued at approximately $290,396,925. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,952 shares of company stock valued at $10,598,070. Corporate insiders own 3.90% of the company’s stock.

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.