Hantz Financial Services Inc. Sells 1,976 Shares of Gartner, Inc. (NYSE:IT)

Hantz Financial Services Inc. trimmed its holdings in shares of Gartner, Inc. (NYSE:IT) by 6.0% in the third quarter, according to its most recent filing with the SEC. The firm owned 31,234 shares of the information technology services provider’s stock after selling 1,976 shares during the period. Hantz Financial Services Inc.’s holdings in Gartner were worth $15,828,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Eastern Bank bought a new position in Gartner during the 3rd quarter valued at about $26,000. Ashton Thomas Securities LLC bought a new position in Gartner during the 3rd quarter valued at about $44,000. Crewe Advisors LLC lifted its holdings in Gartner by 223.3% during the 2nd quarter. Crewe Advisors LLC now owns 97 shares of the information technology services provider’s stock valued at $44,000 after purchasing an additional 67 shares during the last quarter. Fortitude Family Office LLC lifted its holdings in Gartner by 23.8% during 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 during the last quarter. Finally, Asset Dedication LLC lifted its holdings in Gartner by 46.5% during the 3rd quarter. Asset Dedication LLC now owns 148 shares of the information technology services provider’s stock valued at $75,000 after purchasing an additional 47 shares during the last quarter. 91.51% of the stock is owned by institutional investors.

Gartner Stock Down 0.7 %

Shares of NYSE:IT opened at $519.23 on Friday. Gartner, Inc. has a one year low of $411.15 and a one year high of $559.00. The company has a 50 day moving average of $520.81 and a 200-day moving average of $482.87. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market cap of $40.05 billion, a price-to-earnings ratio of 38.29, a P/E/G ratio of 3.24 and a beta of 1.32.

Gartner (NYSE:IT) last issued its quarterly earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 EPS for the quarter, topping the consensus estimate of $2.45 by $0.05. Gartner had a net margin of 17.33% and a return on equity of 118.27%. The company had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the previous year, the company earned $2.56 EPS. Gartner’s revenue was up 5.4% on a year-over-year basis. On average, sell-side analysts forecast that Gartner, Inc. will post 11.89 earnings per share for the current year.

Insider Transactions at Gartner

In related news, EVP Akhil Jain sold 500 shares of the business’s stock in a transaction that occurred 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 completion of 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 can be accessed through this link. Also, Director James C. Smith sold 2,128 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $500.15, for a total transaction of $1,064,319.20. Following the transaction, the director now owns 572,090 shares of the company’s stock, valued at approximately $286,130,813.50. This represents a 0.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 72,149 shares of company stock worth $37,694,911 in the last quarter. 3.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on IT. Barclays lifted their price target on shares of Gartner from $470.00 to $525.00 and gave the company an “equal weight” rating in a report on Wednesday, November 6th. StockNews.com upgraded shares of Gartner from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Morgan Stanley raised their price objective on shares of Gartner from $490.00 to $528.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. Robert W. Baird raised their price objective on shares of Gartner from $565.00 to $590.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Finally, Wells Fargo & Company raised their price objective on shares of Gartner from $460.00 to $470.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $539.25.

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.