Perigon Wealth Management LLC Continues to Hold Holding in Gartner Inc (IT)

Perigon Wealth Management LLC Continues to Hold Holding in Gartner Inc (IT)

Perigon Wealth Management LLC continued to hold its stake in shares of Gartner Inc (NYSE:IT) during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,500 shares of the company’s stock at the end of the fourth quarter. Perigon Wealth Management LLC’s holdings in Gartner were worth $259,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in IT. Advisor Group Inc. raised its stake in shares of Gartner by 0.4% in the third quarter. Advisor Group Inc. now owns 2,048 shares of the company’s stock valued at $181,000 after buying an additional 8 shares during the period. US Bancorp DE raised its stake in shares of Gartner by 0.4% in the third quarter. US Bancorp DE now owns 6,215 shares of the company’s stock valued at $549,000 after buying an additional 25 shares during the period. Isthmus Partners LLC raised its stake in shares of Gartner by 0.8% in the third quarter. Isthmus Partners LLC now owns 8,530 shares of the company’s stock valued at $757,000 after buying an additional 70 shares during the period. First Mercantile Trust Co. raised its stake in shares of Gartner by 4.8% in the third quarter. First Mercantile Trust Co. now owns 1,870 shares of the company’s stock valued at $165,000 after buying an additional 85 shares during the period. Finally, Advantus Capital Management Inc raised its stake in shares of Gartner by 1.0% in the third quarter. Advantus Capital Management Inc now owns 10,091 shares of the company’s stock valued at $893,000 after buying an additional 100 shares during the period. Institutional investors own 90.39% of the company’s stock.

Gartner Inc (NYSE:IT) opened at 107.99 on Friday. The stock has a 50 day moving average of $105.91 and a 200 day moving average of $98.71. Gartner Inc has a 12-month low of $84.54 and a 12-month high of $112.42. The stock has a market cap of $8.93 billion, a P/E ratio of 46.75 and a beta of 1.09.

Gartner (NYSE:IT) last posted its quarterly earnings results on Thursday, February 2nd. The company reported $0.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.98 by $0.01. Gartner had a negative return on equity of 408.56% and a net margin of 7.57%. The business had revenue of $703.20 million for the quarter, compared to analysts’ expectations of $714.01 million. During the same period in the prior year, the business posted $0.92 earnings per share. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. On average, equities research analysts anticipate that Gartner Inc will post $3.22 earnings per share for the current fiscal year.

Several analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Gartner from a “hold” rating to a “sell” rating in a research report on Tuesday. Cantor Fitzgerald restated an “overweight” rating and set a $108.00 target price on shares of Gartner in a research report on Sunday, January 8th. Royal Bank of Canada upgraded shares of Gartner from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $100.00 to $113.00 in a research report on Friday, January 6th. Barclays PLC upgraded shares of Gartner from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $96.00 to $115.00 in a research report on Monday, January 9th. Finally, BMO Capital Markets upgraded shares of Gartner from a “market perform” rating to an “outperform” rating and set a $105.00 target price for the company in a research report on Friday, January 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Gartner has a consensus rating of “Buy” and a consensus target price of $107.44.

In other Gartner news, SVP Per Anders Waern sold 10,285 shares of the firm’s stock in a transaction that occurred on Friday, February 17th. The shares were sold at an average price of $102.99, for a total transaction of $1,059,252.15. Following the completion of the transaction, the senior vice president now directly owns 600 shares of the company’s stock, valued at approximately $61,794. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Eugene A. Hall sold 61,181 shares of the firm’s stock in a transaction that occurred on Wednesday, February 15th. The stock was sold at an average price of $101.41, for a total transaction of $6,204,365.21. Following the transaction, the chief executive officer now directly owns 1,173,566 shares of the company’s stock, valued at $119,011,328.06. The disclosure for this sale can be found here. Insiders have sold a total of 76,466 shares of company stock valued at $7,770,367 over the last three months. 4.40% of the stock is currently owned by insiders.

About Gartner

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.

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