Atria Wealth Solutions Inc. Has $1.60 Million Stock Holdings in Gartner, Inc. (NYSE:IT)

Atria Wealth Solutions Inc. lifted its holdings in Gartner, Inc. (NYSE:IT) by 31.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 3,543 shares of the information technology services provider’s stock after buying an additional 854 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Gartner were worth $1,598,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of IT. BSW Wealth Partners lifted its stake in Gartner by 3.7% in the 4th quarter. BSW Wealth Partners now owns 617 shares of the information technology services provider’s stock valued at $278,000 after acquiring an additional 22 shares in the last quarter. Allworth Financial LP lifted its stake in Gartner by 2.8% in the 4th quarter. Allworth Financial LP now owns 807 shares of the information technology services provider’s stock valued at $364,000 after acquiring an additional 22 shares in the last quarter. AdvisorNet Financial Inc lifted its stake in Gartner by 59.5% in the 4th quarter. AdvisorNet Financial Inc now owns 67 shares of the information technology services provider’s stock valued at $30,000 after acquiring an additional 25 shares in the last quarter. Kolinsky Wealth Management LLC lifted its stake in Gartner by 3.9% in the 3rd quarter. Kolinsky Wealth Management LLC now owns 720 shares of the information technology services provider’s stock valued at $247,000 after acquiring an additional 27 shares in the last quarter. Finally, HB Wealth Management LLC lifted its stake in Gartner by 2.6% in the 4th quarter. HB Wealth Management LLC now owns 1,073 shares of the information technology services provider’s stock valued at $484,000 after acquiring an additional 27 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Gartner Trading Down 8.0 %

Shares of Gartner stock opened at $412.59 on Wednesday. Gartner, Inc. has a 12-month low of $295.43 and a 12-month high of $486.54. The stock has a market cap of $32.17 billion, a P/E ratio of 37.30, a P/E/G ratio of 4.12 and a beta of 1.29. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 3.60. The business’s 50 day moving average is $464.22 and its 200-day moving average is $440.03.

Gartner (NYSE:IT) last posted its quarterly earnings results on Tuesday, April 30th. The information technology services provider reported $2.93 earnings per share for the quarter, beating analysts’ consensus estimates of $2.53 by $0.40. Gartner had a return on equity of 156.35% and a net margin of 14.94%. The business had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter in the prior year, the business earned $2.88 EPS. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. Equities research analysts predict that Gartner, Inc. will post 11.29 earnings per share for the current fiscal year.

Insider Activity at Gartner

In related news, EVP Yvonne Genovese sold 560 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $457.37, for a total value of $256,127.20. Following the sale, the executive vice president now owns 2,398 shares in the company, valued at approximately $1,096,773.26. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Gartner news, EVP Yvonne Genovese sold 560 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $457.37, for a total value of $256,127.20. Following the transaction, the executive vice president now directly owns 2,398 shares of the company’s stock, valued at approximately $1,096,773.26. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Valentin Sribar sold 682 shares of the company’s stock in a transaction 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 transaction, the executive vice president now directly owns 12,269 shares in the company, valued at $5,557,857. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,952 shares of company stock worth $10,598,070. Company insiders own 3.60% of the company’s stock.

Wall Street Analyst Weigh In

IT has been the topic of several research reports. StockNews.com cut Gartner from a “buy” rating to a “hold” rating in a research note on Saturday, February 10th. Deutsche Bank Aktiengesellschaft assumed coverage on Gartner in a research note on Tuesday, April 16th. They issued a “hold” rating and a $507.00 target price on the stock. UBS Group upgraded Gartner from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $484.00 to $550.00 in a research note on Thursday, April 11th. BMO Capital Markets upped their price objective on Gartner from $444.00 to $450.00 and gave the stock a “market perform” rating in a research note on Thursday, February 8th. Finally, Morgan Stanley upped their price objective on Gartner from $421.00 to $446.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 6th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Gartner presently has an average rating of “Hold” and an average price target of $477.60.

Gartner 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.