American Trust Has $407,000 Stake in Gartner, Inc. (NYSE:IT)

American Trust trimmed its position in Gartner, Inc. (NYSE:IT – Get Rating) by 5.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,470 shares of the information technology services provider’s stock after selling 80 shares during the quarter. American Trust’s holdings in Gartner were worth $407,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. CVA Family Office LLC grew its position in Gartner by 24.1% in the third quarter. CVA Family Office LLC now owns 180 shares of the information technology services provider’s stock valued at $50,000 after acquiring an additional 35 shares during the period. Commonwealth Equity Services LLC grew its position in Gartner by 0.8% in the third quarter. Commonwealth Equity Services LLC now owns 4,634 shares of the information technology services provider’s stock valued at $1,282,000 after acquiring an additional 35 shares during the period. Quadrant Capital Group LLC grew its position in Gartner by 9.1% in the third quarter. Quadrant Capital Group LLC now owns 442 shares of the information technology services provider’s stock valued at $122,000 after acquiring an additional 37 shares during the period. Resonant Capital Advisors LLC grew its position in Gartner by 2.1% in the third quarter. Resonant Capital Advisors LLC now owns 2,165 shares of the information technology services provider’s stock valued at $599,000 after acquiring an additional 45 shares during the period. Finally, Redpoint Investment Management Pty Ltd grew its position in Gartner by 2.3% in the third quarter. Redpoint Investment Management Pty Ltd now owns 2,057 shares of the information technology services provider’s stock valued at $569,000 after acquiring an additional 47 shares during the period. 91.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

IT has been the topic of several research analyst reports. Barclays increased their target price on Gartner from $330.00 to $350.00 and gave the stock an “equal weight” rating in a report on Friday, December 2nd. Wells Fargo & Company increased their target price on Gartner from $370.00 to $387.00 and gave the stock an “overweight” rating in a report on Wednesday, February 8th. Morgan Stanley increased their target price on Gartner from $358.00 to $366.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 8th. StockNews.com initiated coverage on Gartner in a report on Thursday. They set a “buy” rating on the stock. Finally, BMO Capital Markets increased their target price on Gartner from $356.00 to $357.00 and gave the stock a “market perform” rating in a report on Thursday, February 9th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Gartner presently has a consensus rating of “Moderate Buy” and a consensus price target of $359.00.

Gartner Price Performance

Gartner stock opened at $305.95 on Friday. The business’s 50-day simple moving average is $334.65 and its 200 day simple moving average is $321.84. The stock has a market cap of $24.19 billion, a price-to-earnings ratio of 30.63, a P/E/G ratio of 5.08 and a beta of 1.28. Gartner, Inc. has a 12-month low of $221.39 and a 12-month high of $358.25. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 10.77.

Gartner (NYSE:IT – Get Rating) last posted its quarterly earnings results on Tuesday, February 7th. The information technology services provider reported $3.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.57 by $1.13. Gartner had a return on equity of 2,645.96% and a net margin of 14.75%. The business had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter last year, the business earned $2.99 earnings per share. The firm’s quarterly revenue was up 15.2% compared to the same quarter last year. As a group, research analysts anticipate that Gartner, Inc. will post 9.49 earnings per share for the current year.

Insider Buying and Selling at Gartner

In other Gartner news, EVP Scott Hensel sold 3,007 shares of the stock in a transaction dated Thursday, February 9th. The stock was sold at an average price of $355.00, for a total value of $1,067,485.00. Following the transaction, the executive vice president now owns 12,885 shares of the company’s stock, valued at $4,574,175. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Gartner news, EVP Scott Hensel sold 3,007 shares of the stock in a transaction dated Thursday, February 9th. The stock was sold at an average price of $355.00, for a total value of $1,067,485.00. Following the transaction, the executive vice president now owns 12,885 shares of the company’s stock, valued at $4,574,175. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Eugene A. Hall sold 16,410 shares of the firm’s stock in a transaction dated Thursday, February 9th. The stock was sold at an average price of $351.33, for a total value of $5,765,325.30. Following the sale, the chief executive officer now directly owns 1,148,281 shares in the company, valued at approximately $403,425,563.73. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 43,031 shares of company stock valued at $15,047,172. 3.70% of the stock is currently owned by company insiders.

About Gartner

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Gartner, Inc is a research and advisory company, which equips business leaders with insights, advice, and tools that help build organizations. It operates through the following segments: Research, Consulting, and Conferences. The Research segment provides executives with objective insights and advice through reports, briefings, proprietary tools, access to the firm’s research experts, peer networking services, and membership programs.