Gartner, Inc. (NYSE:IT) Shares Sold by Diversify Wealth Management LLC

Diversify Wealth Management LLC lowered its stake in Gartner, Inc. (NYSE:IT) by 5.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 1,693 shares of the information technology services provider’s stock after selling 107 shares during the quarter. Diversify Wealth Management LLC’s holdings in Gartner were worth $882,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Eastern Bank acquired a new position in Gartner in the 3rd quarter worth $26,000. Central Pacific Bank Trust Division acquired a new position in shares of Gartner in the first quarter worth about $36,000. Crewe Advisors LLC boosted its holdings in Gartner by 223.3% in the second quarter. Crewe Advisors LLC now owns 97 shares of the information technology services provider’s stock valued at $44,000 after purchasing an additional 67 shares during the last quarter. Fortitude Family Office LLC grew its stake in Gartner by 23.8% during the 3rd quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider’s stock valued at $53,000 after purchasing an additional 20 shares in the last quarter. Finally, J.Safra Asset Management Corp grew its stake in Gartner by 58.7% during the 1st quarter. J.Safra Asset Management Corp now owns 146 shares of the information technology services provider’s stock valued at $70,000 after purchasing an additional 54 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Analyst Ratings Changes

IT has been the subject of several research analyst reports. StockNews.com cut Gartner from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Wells Fargo & Company increased their price objective on shares of Gartner from $435.00 to $460.00 and gave the company an “underweight” rating in a research note on Monday, October 14th. Bank of America boosted their target price on shares of Gartner from $525.00 to $580.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. BMO Capital Markets increased their price target on shares of Gartner from $450.00 to $510.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 31st. Finally, Robert W. Baird boosted their price objective on Gartner from $517.00 to $565.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $532.86.

Gartner Stock Down 0.1 %

NYSE:IT opened at $517.95 on Thursday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 3.80. The stock has a 50 day moving average of $506.64 and a 200-day moving average of $470.63. The firm has a market capitalization of $40.21 billion, a PE ratio of 51.54, a price-to-earnings-growth ratio of 3.25 and a beta of 1.32. Gartner, Inc. has a 52 week low of $329.20 and a 52 week high of $535.29.

Gartner (NYSE:IT) last issued its quarterly earnings data on Tuesday, July 30th. The information technology services provider reported $3.22 EPS for the quarter, topping analysts’ consensus estimates of $3.02 by $0.20. Gartner had a return on equity of 142.05% and a net margin of 13.67%. The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the prior year, the business earned $2.85 EPS. The firm’s revenue was up 6.1% on a year-over-year basis. Analysts predict that Gartner, Inc. will post 11.65 EPS for the current year.

Insider Activity

In related news, Director Karen E. Dykstra sold 1,683 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $465.55, for a total value of $783,520.65. Following the sale, the director now owns 19,825 shares of the company’s stock, valued at $9,229,528.75. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Akhil Jain sold 400 shares of the 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 completion of the transaction, the executive vice president now owns 4,839 shares of the company’s stock, valued at approximately $2,346,915. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Karen E. Dykstra sold 1,683 shares of Gartner stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $465.55, for a total transaction of $783,520.65. Following the sale, the director now owns 19,825 shares in the company, valued at approximately $9,229,528.75. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 51,582 shares of company stock valued at $25,743,407. 3.60% of the stock is currently owned by company 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.