Raymond James Trust N.A. Has $635,000 Stock Position in Gartner, Inc. (NYSE:IT)

Raymond James Trust N.A. lessened its holdings in shares of Gartner, Inc. (NYSE:IT) by 14.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,413 shares of the information technology services provider’s stock after selling 234 shares during the quarter. Raymond James Trust N.A.’s holdings in Gartner were worth $635,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Sheaff Brock Investment Advisors LLC raised its position in shares of Gartner by 0.5% in the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 4,900 shares of the information technology services provider’s stock valued at $2,210,000 after purchasing an additional 22 shares during the period. TIAA Trust National Association lifted its holdings in shares of Gartner by 3.2% during the first quarter. TIAA Trust National Association now owns 744 shares of the information technology services provider’s stock worth $355,000 after buying an additional 23 shares in the last quarter. Mather Group LLC. boosted its position in shares of Gartner by 2.2% in the second quarter. Mather Group LLC. now owns 1,079 shares of the information technology services provider’s stock valued at $514,000 after acquiring an additional 23 shares during the period. Hexagon Capital Partners LLC grew its stake in shares of Gartner by 36.2% in the fourth quarter. Hexagon Capital Partners LLC now owns 94 shares of the information technology services provider’s stock valued at $42,000 after acquiring an additional 25 shares in the last quarter. Finally, Coldstream Capital Management Inc. boosted its holdings in Gartner by 1.5% in the 4th quarter. Coldstream Capital Management Inc. now owns 1,715 shares of the information technology services provider’s stock valued at $774,000 after purchasing an additional 25 shares during the period. Institutional investors own 91.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on IT shares. StockNews.com lowered Gartner from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Morgan Stanley upped their price objective on shares of Gartner from $440.00 to $470.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 11th. UBS Group raised their target price on shares of Gartner from $510.00 to $580.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. BMO Capital Markets upped their price target on shares of Gartner from $450.00 to $510.00 and gave the stock a “market perform” rating in a report on Wednesday, July 31st. Finally, Robert W. Baird lifted their price objective on shares of Gartner from $517.00 to $565.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Gartner has an average rating of “Hold” and an average target price of $521.00.

Insider Buying and Selling at Gartner

In related news, EVP Alwyn Dawkins sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $505.49, for a total transaction of $505,490.00. Following the transaction, the executive vice president now directly owns 56,650 shares of the company’s stock, valued at $28,636,008.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Gartner news, EVP Alwyn Dawkins sold 1,000 shares of the business’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $505.49, for a total value of $505,490.00. Following the sale, the executive vice president now directly owns 56,650 shares in the company, valued at $28,636,008.50. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Eugene A. Hall sold 12,082 shares of the stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $504.84, for a total transaction of $6,099,476.88. Following the transaction, the chief executive officer now owns 1,143,389 shares of the company’s stock, valued at approximately $577,228,502.76. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,680 shares of company stock valued at $15,581,792. Corporate insiders own 3.60% of the company’s stock.

Gartner Trading Up 0.3 %

NYSE IT opened at $482.31 on Tuesday. The stock has a market capitalization of $37.44 billion, a P/E ratio of 47.99, a P/E/G ratio of 3.80 and a beta of 1.33. The business has a 50 day simple moving average of $464.82 and a 200 day simple moving average of $456.87. The company has a debt-to-equity ratio of 3.80, a current ratio of 0.90 and a quick ratio of 0.91. Gartner, Inc. has a one year low of $323.61 and a one year high of $509.15.

Gartner (NYSE:IT) last released its quarterly earnings data on Tuesday, July 30th. The information technology services provider reported $3.22 earnings per share for the quarter, beating the consensus estimate of $3.02 by $0.20. The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.58 billion. Gartner had a net margin of 13.67% and a return on equity of 142.05%. Gartner’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.85 EPS. Research analysts expect that Gartner, Inc. will post 11.58 earnings per share for the current 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.