Two Sigma Investments LP Sells 39,242 Shares of Gartner, Inc. (NYSE:IT)

Two Sigma Investments LP lowered its stake in Gartner, Inc. (NYSE:IT) by 30.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 89,527 shares of the information technology services provider’s stock after selling 39,242 shares during the period. Two Sigma Investments LP’s holdings in Gartner were worth $43,373,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Teza Capital Management LLC raised its position in Gartner by 170.5% during the 4th quarter. Teza Capital Management LLC now owns 2,648 shares of the information technology services provider’s stock valued at $1,283,000 after purchasing an additional 1,669 shares during the last quarter. State of Wyoming purchased a new position in shares of Gartner during the fourth quarter valued at approximately $125,000. Strategic Global Advisors LLC raised its holdings in shares of Gartner by 4.2% during the fourth quarter. Strategic Global Advisors LLC now owns 9,652 shares of the information technology services provider’s stock valued at $4,676,000 after acquiring an additional 392 shares in the last quarter. Strive Asset Management LLC purchased a new stake in Gartner in the fourth quarter worth $328,000. Finally, Sherbrooke Park Advisers LLC purchased a new stake in Gartner in the fourth quarter worth $1,620,000. Institutional investors own 91.51% of the company’s stock.

Analyst Ratings Changes

IT has been the topic of a number of research analyst reports. Wells Fargo & Company reduced their price objective on shares of Gartner from $401.00 to $400.00 and set an “underweight” rating on the stock in a research report on Thursday, May 1st. Robert W. Baird reduced their price target on shares of Gartner from $605.00 to $557.00 and set an “outperform” rating on the stock in a research report on Friday, March 21st. UBS Group increased their price target on shares of Gartner from $500.00 to $525.00 and gave the stock a “buy” rating in a research note on Wednesday, May 7th. StockNews.com lowered shares of Gartner from a “buy” rating to a “hold” rating in a report on Friday, March 21st. Finally, The Goldman Sachs Group reduced their target price on Gartner from $622.00 to $535.00 and set a “buy” rating on the stock in a report on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $518.67.

Insider Buying and Selling

In other Gartner news, CFO Craig Safian sold 3,415 shares of the business’s stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $450.17, for a total transaction of $1,537,330.55. Following the sale, the chief financial officer now directly owns 77,890 shares of the company’s stock, valued at $35,063,741.30. The trade was a 4.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Eileen Serra sold 1,200 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $489.77, for a total value of $587,724.00. Following the sale, the director now owns 1,627 shares in the company, valued at $796,855.79. The trade was a 42.45% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,001 shares of company stock worth $2,736,801. Insiders own 2.30% of the company’s stock.

Gartner Stock Performance

IT opened at $447.70 on Wednesday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market capitalization of $34.39 billion, a price-to-earnings ratio of 27.93, a PEG ratio of 3.30 and a beta of 1.24. The company has a fifty day moving average of $420.53 and a 200 day moving average of $478.96. Gartner, Inc. has a fifty-two week low of $366.05 and a fifty-two week high of $584.01.

Gartner (NYSE:IT) last posted its earnings results on Tuesday, May 6th. The information technology services provider reported $2.98 EPS for the quarter, beating analysts’ consensus estimates of $2.72 by $0.26. Gartner had a return on equity of 116.56% and a net margin of 20.00%. The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the prior year, the company earned $2.93 EPS. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Gartner, Inc. will post 12.5 earnings per share for the current fiscal 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.