Haverford Trust Co Lowers Stock Position in Gartner, Inc. (NYSE:IT)

Haverford Trust Co cut its position in shares of Gartner, Inc. (NYSE:ITFree Report) by 5.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 640 shares of the information technology services provider’s stock after selling 36 shares during the quarter. Haverford Trust Co’s holdings in Gartner were worth $289,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Principal Financial Group Inc. boosted its holdings in shares of Gartner by 30.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,565,046 shares of the information technology services provider’s stock worth $537,766,000 after buying an additional 364,128 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Gartner by 888.4% in the 3rd quarter. American Century Companies Inc. now owns 300,106 shares of the information technology services provider’s stock worth $103,119,000 after buying an additional 269,744 shares during the last quarter. Eagle Asset Management Inc. purchased a new position in shares of Gartner in the 3rd quarter worth about $83,588,000. Artisan Partners Limited Partnership purchased a new position in shares of Gartner in the 3rd quarter worth about $48,614,000. Finally, Mackenzie Financial Corp boosted its holdings in shares of Gartner by 26.3% in the 4th quarter. Mackenzie Financial Corp now owns 629,969 shares of the information technology services provider’s stock worth $284,185,000 after buying an additional 131,222 shares during the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Insiders Place Their Bets

In other Gartner news, EVP Claire Herkes sold 1,460 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $475.76, for a total value of $694,609.60. Following the completion of the transaction, the executive vice president now owns 2,842 shares of the company’s stock, valued at approximately $1,352,109.92. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, Director James C. Smith sold 5,000 shares of the company’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $470.09, for a total value of $2,350,450.00. Following the completion of the sale, the director now owns 618,235 shares of the company’s stock, valued at approximately $290,626,091.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Claire Herkes sold 1,460 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $475.76, for a total transaction of $694,609.60. Following the completion of the sale, the executive vice president now directly owns 2,842 shares of the company’s stock, valued at approximately $1,352,109.92. The disclosure for this sale can be found here. Insiders sold a total of 22,270 shares of company stock valued at $10,289,124 in the last quarter. Corporate insiders own 3.60% of the company’s stock.

Analyst Upgrades and Downgrades

IT has been the topic of a number of research analyst reports. Robert W. Baird cut their price target on shares of Gartner from $536.00 to $517.00 and set an “outperform” rating on the stock in a report on Wednesday, May 1st. BMO Capital Markets lowered their price target on shares of Gartner from $450.00 to $432.00 and set a “market perform” rating on the stock in a research report on Thursday, May 2nd. StockNews.com raised shares of Gartner from a “hold” rating to a “buy” rating in a research report on Saturday. Morgan Stanley boosted their price target 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. Finally, UBS Group lowered their price target on shares of Gartner from $550.00 to $510.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $474.50.

Read Our Latest Research Report on Gartner

Gartner Stock Performance

Gartner stock opened at $450.26 on Friday. The firm’s 50 day simple moving average is $457.36 and its 200 day simple moving average is $447.22. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 3.42. The firm has a market capitalization of $34.95 billion, a PE ratio of 44.80, a price-to-earnings-growth ratio of 3.59 and a beta of 1.32. Gartner, Inc. has a 1-year low of $320.82 and a 1-year high of $486.54.

Gartner (NYSE:ITGet Free Report) last posted its earnings results on Tuesday, April 30th. The information technology services provider reported $2.93 earnings per share for the quarter, topping analysts’ consensus estimates of $2.53 by $0.40. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.47 billion. Gartner had a net margin of 13.35% and a return on equity of 141.55%. Gartner’s revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.88 EPS. As a group, analysts expect that Gartner, Inc. will post 11.55 earnings per share for the current fiscal year.

About Gartner

(Free Report)

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.

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Institutional Ownership by Quarter for Gartner (NYSE:IT)

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