Parkside Financial Bank & Trust Sells 120 Shares of Gartner, Inc. (NYSE:IT)

Parkside Financial Bank & Trust trimmed its stake in Gartner, Inc. (NYSE:IT) by 49.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 124 shares of the information technology services provider’s stock after selling 120 shares during the period. Parkside Financial Bank & Trust’s holdings in Gartner were worth $56,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Fox Run Management L.L.C. acquired a new position in Gartner in the third quarter worth $230,000. RFG Advisory LLC lifted its stake in Gartner by 37.2% in the fourth quarter. RFG Advisory LLC now owns 1,589 shares of the information technology services provider’s stock valued at $717,000 after buying an additional 431 shares during the period. Assenagon Asset Management S.A. lifted its stake in Gartner by 169.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 37,708 shares of the information technology services provider’s stock valued at $17,010,000 after buying an additional 23,701 shares during the period. Chapin Davis Inc. acquired a new position in Gartner in the fourth quarter valued at about $960,000. Finally, Stifel Financial Corp lifted its stake in Gartner by 32.6% in the third quarter. Stifel Financial Corp now owns 33,817 shares of the information technology services provider’s stock valued at $11,620,000 after buying an additional 8,319 shares during the period. 91.51% of the stock is currently owned by institutional investors.

Gartner Stock Up 0.6 %

Shares of Gartner stock opened at $448.78 on Friday. Gartner, Inc. has a 1 year low of $293.73 and a 1 year high of $486.54. The business has a 50-day moving average of $464.86 and a two-hundred day moving average of $437.23. The company has a market capitalization of $34.99 billion, a P/E ratio of 40.58, a price-to-earnings-growth ratio of 4.10 and a beta of 1.29. The company has a debt-to-equity ratio of 3.60, a current ratio of 0.91 and a quick ratio of 0.91.

Gartner (NYSE:IT) last announced its quarterly earnings results on Tuesday, February 6th. The information technology services provider reported $3.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.83 by $0.21. The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.59 billion. Gartner had a return on equity of 156.35% and a net margin of 14.94%. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the prior year, the company earned $3.70 earnings per share. As a group, equities analysts predict that Gartner, Inc. will post 11.3 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. BMO Capital Markets increased their target price on Gartner from $444.00 to $450.00 and gave the company a “market perform” rating in a research note on Thursday, February 8th. Deutsche Bank Aktiengesellschaft assumed coverage on Gartner in a research note on Tuesday, April 16th. They issued a “hold” rating and a $507.00 target price on the stock. UBS Group raised Gartner from a “neutral” rating to a “buy” rating and increased their target price for the company from $484.00 to $550.00 in a research note on Thursday, April 11th. Morgan Stanley increased their price target on Gartner from $421.00 to $446.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 6th. Finally, StockNews.com downgraded Gartner from a “buy” rating to a “hold” rating in a report on Saturday, February 10th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Gartner has a consensus rating of “Hold” and a consensus target price of $477.60.

Insider Buying and Selling

In related news, EVP Valentin Sribar sold 682 shares of the stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $453.00, for a total transaction of $308,946.00. Following the completion of the transaction, the executive vice president now directly owns 12,269 shares in the company, valued at $5,557,857. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, EVP Valentin Sribar sold 682 shares of the stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $453.00, for a total transaction of $308,946.00. Following the completion of the transaction, the executive vice president now directly owns 12,269 shares in the company, valued at $5,557,857. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Yvonne Genovese sold 560 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $457.37, for a total value of $256,127.20. Following the transaction, the executive vice president now owns 2,398 shares of the company’s stock, valued at $1,096,773.26. The disclosure for this sale can be found here. Over the last three months, insiders sold 22,952 shares of company stock worth $10,598,070. 3.60% of the stock is owned by corporate insiders.

About Gartner

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.