Raymond James Financial Services Advisors Inc. Decreases Stock Holdings in Gartner, Inc. (NYSE:IT)

From MarketBeat:

Raymond James Financial Services Advisors Inc. significantly decreased its stake in Gartner, Inc. during the third quarter, selling 59.1% of its shares. The institutional investor now owns 2,783 shares of the company, a value of $956,000 at its most recent filing. In addition, several other hedge funds and institutional investors have increased or reduced their stakes in Gartner. A few analysts have rated the stock a “Hold” and the consensus target price falls at $380.25. Gartner stock opened at $468.00, with a 52-week low of $292.60 and a high of $470.49. They have a market cap of $36.48 billion, and last released quarterly financials in November, indicating a $1.41 billion in revenue. The company’s share buyback program permits them to repurchase $500 million of outstanding shares and indicates leadership belief in undervalued shares. Lastly, company insiders sold 87,130 shares of company stock worth $35,180,674.



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