MML Investors Services LLC Cuts Holdings in Gartner Inc (NYSE:IT)

MML Investors Services LLC decreased its holdings in shares of Gartner Inc (NYSE:IT) by 14.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,425 shares of the information technology services provider’s stock after selling 755 shares during the quarter. MML Investors Services LLC’s holdings in Gartner were worth $566,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Lunia Capital LP grew its position in Gartner by 19,665.1% in the 4th quarter. Lunia Capital LP now owns 16,641,445 shares of the information technology services provider’s stock worth $16,641,000 after purchasing an additional 16,557,249 shares during the last quarter. BlackRock Inc. lifted its stake in Gartner by 5.6% during the fourth quarter. BlackRock Inc. now owns 6,264,009 shares of the information technology services provider’s stock valued at $800,789,000 after purchasing an additional 331,238 shares during the last quarter. Morgan Stanley lifted its position in shares of Gartner by 343.2% in the 3rd quarter. Morgan Stanley now owns 373,397 shares of the information technology services provider’s stock valued at $59,183,000 after acquiring an additional 289,143 shares in the last quarter. Federated Investors Inc. PA lifted its position in shares of Gartner by 22,249.7% in the 3rd quarter. Federated Investors Inc. PA now owns 256,575 shares of the information technology services provider’s stock valued at $40,667,000 after acquiring an additional 255,427 shares in the last quarter. Finally, KAMES CAPITAL plc purchased a new stake in shares of Gartner in the 4th quarter valued at approximately $26,003,000. Hedge funds and other institutional investors own 99.17% of the company’s stock.

In related news, EVP Alwyn Dawkins sold 1,909 shares of Gartner stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $142.01, for a total transaction of $271,097.09. Following the completion of the transaction, the executive vice president now directly owns 35,822 shares of the company’s stock, valued at approximately $5,087,082.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mr Thomas Christopher sold 8,259 shares of Gartner stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $144.14, for a total transaction of $1,190,452.26. Following the transaction, the executive vice president now directly owns 19,698 shares of the company’s stock, valued at $2,839,269.72. The disclosure for this sale can be found here. Insiders have sold a total of 113,234 shares of company stock valued at $16,211,414 over the last ninety days. 4.00% of the stock is owned by insiders.

Shares of NYSE:IT traded up $0.01 during midday trading on Wednesday, reaching $159.49. 250,203 shares of the company’s stock were exchanged, compared to its average volume of 527,916. The company has a market capitalization of $14.10 billion, a price-to-earnings ratio of 42.08, a PEG ratio of 2.79 and a beta of 1.32. Gartner Inc has a 12 month low of $116.28 and a 12 month high of $161.24. The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.69 and a current ratio of 0.69.

Gartner (NYSE:IT) last released its quarterly earnings data on Tuesday, February 5th. The information technology services provider reported $1.20 EPS for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.05). The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.10 billion. Gartner had a return on equity of 37.74% and a net margin of 3.08%. Gartner’s revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.17 earnings per share. Sell-side analysts forecast that Gartner Inc will post 3.97 EPS for the current year.

IT has been the topic of several analyst reports. Morgan Stanley dropped their price target on shares of Gartner from $144.00 to $134.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 8th. BMO Capital Markets lowered shares of Gartner from an “outperform” rating to a “market perform” rating and set a $139.30 price target on the stock. in a research note on Wednesday, February 6th. Bank of America restated a “buy” rating and set a $150.00 price target on shares of Gartner in a research note on Wednesday, February 6th. Cantor Fitzgerald lowered shares of Gartner from an “overweight” rating to a “neutral” rating in a research note on Wednesday, February 6th. Finally, Robert W. Baird reiterated a “buy” rating and issued a $156.00 target price on shares of Gartner in a research note on Wednesday, February 6th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $143.29.

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About Gartner

Gartner, Inc operates as a research and advisory company. It operates through three segments: Research, Conferences, and Consulting. The Research segment offers objective insights and advice on the priorities of various leaders in a range of functional areas of the enterprise through research and other reports, briefings, proprietary tools, access to analysts, peer networking services, and membership programs that enable clients to make better decisions; and practice and talent management research insights in various business functions, such as human resources, sales, legal, and finance.

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Institutional Ownership by Quarter for Gartner (NYSE:IT)

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