Cynosure Group LLC Sells 3,226 Shares of Gartner, Inc. (NYSE:IT)

Cynosure Group LLC decreased its stake in Gartner, Inc. (NYSE:IT) by 80.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 784 shares of the information technology services provider’s stock after selling 3,226 shares during the period. Cynosure Group LLC’s holdings in Gartner were worth $397,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. BNP Paribas Financial Markets grew its stake in Gartner by 43.1% in the third quarter. BNP Paribas Financial Markets now owns 137,184 shares of the information technology services provider’s stock valued at $69,519,000 after purchasing an additional 41,323 shares in the last quarter. Avestar Capital LLC grew its stake in shares of Gartner by 12.3% in the third quarter. Avestar Capital LLC now owns 811 shares of the information technology services provider’s stock valued at $411,000 after buying an additional 89 shares in the last quarter. Brooklyn Investment Group acquired a new position in Gartner during the third quarter worth $186,000. D.A. Davidson & CO. raised its position in Gartner by 4.2% during the third quarter. D.A. Davidson & CO. now owns 1,108 shares of the information technology services provider’s stock worth $561,000 after acquiring an additional 45 shares in the last quarter. Finally, Brown Brothers Harriman & Co. lifted its stake in Gartner by 43.0% in the third quarter. Brown Brothers Harriman & Co. now owns 722 shares of the information technology services provider’s stock valued at $366,000 after acquiring an additional 217 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on IT. Wells Fargo & Company upped their target price on shares of Gartner from $460.00 to $470.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. UBS Group lifted their target price on Gartner from $510.00 to $580.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. StockNews.com upgraded Gartner from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft increased their price objective on Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. Finally, Bank of America boosted their target price on shares of Gartner from $525.00 to $580.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. 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. According to data from MarketBeat.com, Gartner has an average rating of “Hold” and a consensus target price of $539.25.

Gartner Trading Down 0.7 %

Shares of IT stock opened at $519.23 on Thursday. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.02. Gartner, Inc. has a fifty-two week low of $411.15 and a fifty-two week high of $559.00. The company has a market cap of $40.05 billion, a PE ratio of 38.29, a P/E/G ratio of 3.24 and a beta of 1.32. The stock’s fifty day moving average price is $520.55 and its two-hundred day moving average price is $482.61.

Gartner (NYSE:IT) last released its quarterly earnings data on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.45 by $0.05. Gartner had a net margin of 17.33% and a return on equity of 118.27%. The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the prior year, the company earned $2.56 EPS. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. Equities analysts predict that Gartner, Inc. will post 11.89 EPS for the current fiscal year.

Insider Buying and Selling

In other news, EVP Akhil Jain sold 500 shares of Gartner stock in a transaction on Monday, September 9th. The shares were sold at an average price of $492.00, for a total transaction of $246,000.00. Following the transaction, the executive vice president now owns 4,339 shares in the company, valued at approximately $2,134,788. The trade was a 10.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Claire Herkes sold 478 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $506.01, for a total transaction of $241,872.78. Following the sale, the executive vice president now directly owns 1,905 shares of the company’s stock, valued at $963,949.05. This represents a 20.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 72,149 shares of company stock worth $37,694,911 in the last 90 days. Insiders own 3.60% of the company’s stock.

Gartner Company 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.