Level Four Advisory Services LLC Sells 2,463 Shares of Gartner, Inc. (NYSE:IT)

Level Four Advisory Services LLC trimmed its position in Gartner, Inc. (NYSE:IT) by 46.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,796 shares of the information technology services provider’s stock after selling 2,463 shares during the period. Level Four Advisory Services LLC’s holdings in Gartner were worth $305,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of IT. Advisory Services Network LLC boosted its stake in shares of Gartner by 466.7% in the 2nd quarter. Advisory Services Network LLC now owns 969 shares of the information technology services provider’s stock worth $120,000 after buying an additional 798 shares during the last quarter. Benjamin F. Edwards & Company Inc. purchased a new position in shares of Gartner in the 2nd quarter worth approximately $124,000. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Gartner by 9.5% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,182 shares of the information technology services provider’s stock worth $146,000 after buying an additional 103 shares during the last quarter. Commonwealth Bank of Australia boosted its stake in shares of Gartner by 20.0% in the 2nd quarter. Commonwealth Bank of Australia now owns 1,200 shares of the information technology services provider’s stock worth $148,000 after buying an additional 200 shares during the last quarter. Finally, Global X Management Co. LLC boosted its stake in shares of Gartner by 31.6% in the 1st quarter. Global X Management Co. LLC now owns 1,725 shares of the information technology services provider’s stock worth $186,000 after buying an additional 414 shares during the last quarter. 91.90% of the stock is owned by hedge funds and other institutional investors.

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In related news, SVP Robin B. Kranich sold 7,487 shares of Gartner stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $120.08, for a total value of $899,038.96. Following the completion of the transaction, the senior vice president now owns 21,298 shares in the company, valued at $2,557,463.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Anne Sutherland Fuchs sold 5,000 shares of Gartner stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $117.02, for a total transaction of $585,100.00. Following the completion of the transaction, the director now owns 29,895 shares of the company’s stock, valued at approximately $3,498,312.90. The disclosure for this sale can be found here. Insiders sold 23,363 shares of company stock valued at $2,775,387 in the last 90 days. Company insiders own 4.30% of the company’s stock.

Several equities analysts recently commented on the company. Piper Jaffray Companies reiterated a “hold” rating and issued a $105.00 price objective on shares of Gartner in a research note on Thursday, August 31st. Zacks Investment Research upgraded Gartner from a “hold” rating to a “buy” rating and set a $142.00 price objective on the stock in a research note on Wednesday, July 19th. BidaskClub downgraded Gartner from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. TheStreet downgraded Gartner from a “b” rating to a “c+” rating in a research note on Tuesday, August 8th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $137.00 price objective on shares of Gartner in a research note on Friday, October 13th. Five investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $127.67.

Gartner, Inc. (IT) traded up 0.01% on Friday, hitting $124.76. 162,210 shares of the stock traded hands. Gartner, Inc. has a 52-week low of $84.54 and a 52-week high of $130.02. The company’s 50 day moving average price is $123.64 and its 200-day moving average price is $120.69. The stock has a market cap of $11.30 billion, a price-to-earnings ratio of 256.18 and a beta of 1.07.

Gartner (NYSE:IT) last announced its quarterly earnings results on Tuesday, August 8th. The information technology services provider reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.05. Gartner had a net margin of 1.50% and a return on equity of 103.10%. The business had revenue of $843.73 million during the quarter, compared to analysts’ expectations of $892.64 million. During the same period last year, the business earned $0.75 earnings per share. The business’s revenue for the quarter was up 38.3% on a year-over-year basis. On average, analysts forecast that Gartner, Inc. will post $3.41 earnings per share for the current fiscal year.

Gartner Profile

Gartner, Inc is an information technology research and advisory company. The Company works with clients to research, analyze and interpret the business of information technology (IT), supply chain and marketing within the context of their individual roles. It operates in three segments: Research, Consulting and Events.

Institutional Ownership by Quarter for Gartner (NYSE:IT)

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