Gartner, Inc. (NYSE:IT) Shares Sold by Anchor Capital Advisors LLC

Anchor Capital Advisors LLC lowered its stake in shares of Gartner, Inc. (NYSE:IT) by 2.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,601 shares of the information technology services provider’s stock after selling 2,141 shares during the quarter. Anchor Capital Advisors LLC owned about 0.10% of Gartner worth $33,500,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Gartner by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 8,974,760 shares of the information technology services provider’s stock worth $4,277,999,000 after buying an additional 60,786 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Gartner by 22.0% during the second quarter. Principal Financial Group Inc. now owns 1,897,328 shares of the information technology services provider’s stock worth $852,014,000 after purchasing an additional 341,911 shares during the last quarter. Wellington Management Group LLP lifted its position in Gartner by 12.0% during the fourth quarter. Wellington Management Group LLP now owns 1,852,820 shares of the information technology services provider’s stock valued at $835,826,000 after purchasing an additional 198,274 shares during the period. Brown Advisory Inc. boosted its holdings in Gartner by 4.6% in the fourth quarter. Brown Advisory Inc. now owns 1,208,914 shares of the information technology services provider’s stock valued at $545,353,000 after purchasing an additional 52,826 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in Gartner by 18.5% during the 4th quarter. Franklin Resources Inc. now owns 920,716 shares of the information technology services provider’s stock worth $415,344,000 after purchasing an additional 143,556 shares during the period. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Gartner Trading Up 0.0 %

Shares of NYSE:IT opened at $483.68 on Friday. The company has a debt-to-equity ratio of 3.80, a current ratio of 0.90 and a quick ratio of 0.90. The business’s 50 day moving average price is $471.55 and its 200-day moving average price is $459.03. The firm has a market capitalization of $37.55 billion, a price-to-earnings ratio of 48.13, a price-to-earnings-growth ratio of 3.83 and a beta of 1.32. Gartner, Inc. has a 1 year low of $323.61 and a 1 year high of $509.15.

Gartner (NYSE:IT) last released its quarterly earnings results on Tuesday, July 30th. The information technology services provider reported $3.22 earnings per share for the quarter, topping the consensus estimate of $3.02 by $0.20. Gartner had a net margin of 13.67% and a return on equity of 142.05%. The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter in the prior year, the firm earned $2.85 EPS. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. On average, equities research analysts forecast that Gartner, Inc. will post 11.59 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on IT shares. Wells Fargo & Company raised Gartner to a “strong sell” rating in a report on Tuesday, August 13th. BMO Capital Markets upped their price objective on Gartner from $450.00 to $510.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 31st. Bank of America raised their price objective on shares of Gartner from $525.00 to $580.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Robert W. Baird boosted their target price on shares of Gartner from $517.00 to $565.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Finally, StockNews.com lowered shares of Gartner from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $521.00.

Insider Buying and Selling

In other Gartner news, EVP Akhil Jain sold 400 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $485.00, for a total value of $194,000.00. Following the transaction, the executive vice president now owns 4,839 shares in the company, valued at approximately $2,346,915. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Alwyn Dawkins sold 1,000 shares of Gartner stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $505.49, for a total transaction of $505,490.00. Following the transaction, the executive vice president now owns 56,650 shares in the company, valued at $28,636,008.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Akhil Jain sold 400 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $485.00, for a total value of $194,000.00. Following the completion of the sale, the executive vice president now owns 4,839 shares of the company’s stock, valued at $2,346,915. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,998 shares of company stock worth $13,834,898. 3.60% of the stock is owned by corporate insiders.

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.