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

Thrive Wealth Management LLC cut its position in Gartner, Inc. (NYSE:IT) by 3.5% during the fourth quarter, Holdings Channel reports. The firm owned 1,811 shares of the information technology services provider’s stock after selling 65 shares during the period. Thrive Wealth Management LLC’s holdings in Gartner were worth $877,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of the company. Eastern Bank acquired a new position in shares of Gartner during the 3rd quarter valued at about $26,000. Ashton Thomas Securities LLC acquired a new stake in Gartner during the 3rd quarter worth approximately $44,000. True Wealth Design LLC boosted its stake in shares of Gartner by 2,350.0% in the 3rd quarter. True Wealth Design LLC now owns 98 shares of the information technology services provider’s stock valued at $50,000 after buying an additional 94 shares during the period. Fortitude Family Office LLC raised its holdings in shares of Gartner by 23.8% in 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, Asset Dedication LLC boosted its position in shares of Gartner by 46.5% during the 3rd quarter. Asset Dedication LLC now owns 148 shares of the information technology services provider’s stock worth $75,000 after acquiring an additional 47 shares in the last quarter. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft increased their price objective on Gartner from $529.00 to $531.00 and gave the company a “hold” rating in a report on Wednesday, November 6th. Robert W. Baird increased their price objective on Gartner from $565.00 to $590.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Morgan Stanley lowered their price target on shares of Gartner from $564.00 to $555.00 and set an “equal weight” rating on the stock in a research note on Thursday. Barclays upgraded shares of Gartner from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $525.00 to $600.00 in a research note on Friday, January 10th. Finally, StockNews.com downgraded shares of Gartner from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $550.75.

Insiders Place Their Bets

In related news, Director James C. Smith sold 17,533 shares of Gartner stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $547.09, for a total value of $9,592,128.97. Following the sale, the director now directly owns 532,294 shares in the company, valued at $291,212,724.46. This trade represents a 3.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Claire Herkes sold 411 shares of Gartner stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $521.24, for a total value of $214,229.64. Following the sale, the executive vice president now directly owns 1,494 shares in the company, valued at approximately $778,732.56. This trade represents a 21.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 35,583 shares of company stock worth $19,241,974 in the last three months. 3.60% of the stock is owned by insiders.

Gartner Stock Performance

NYSE IT opened at $516.34 on Monday. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.02 and a quick ratio of 1.02. Gartner, Inc. has a 1-year low of $411.15 and a 1-year high of $559.00. The firm has a market capitalization of $39.83 billion, a P/E ratio of 38.08, a P/E/G ratio of 2.72 and a beta of 1.33. The business’s 50-day simple moving average is $507.49 and its 200-day simple moving average is $498.74.

Gartner (NYSE:IT) last announced its quarterly earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.45 by $0.05. The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.48 billion. Gartner had a return on equity of 118.27% and a net margin of 17.33%. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.56 EPS. Equities analysts predict that Gartner, Inc. will post 11.87 EPS for the current year.

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.