Caisse DE Depot ET Placement DU Quebec lowered its position in shares of Gartner (NYSE:IT) by 17.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,500 shares of the information technology services provider’s stock after selling 1,800 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in Gartner were worth $1,047,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in IT. Fiduciary Trust Co. increased its holdings in shares of Gartner by 8.6% during the fourth quarter. Fiduciary Trust Co. now owns 4,949 shares of the information technology services provider’s stock valued at $610,000 after acquiring an additional 393 shares in the last quarter. Crossmark Global Holdings Inc. increased its holdings in shares of Gartner by 3.7% during the fourth quarter. Crossmark Global Holdings Inc. now owns 11,871 shares of the information technology services provider’s stock valued at $1,462,000 after acquiring an additional 422 shares in the last quarter. Norinchukin Bank The increased its holdings in shares of Gartner by 7.5% during the third quarter. Norinchukin Bank The now owns 6,744 shares of the information technology services provider’s stock valued at $839,000 after acquiring an additional 468 shares in the last quarter. Strs Ohio increased its holdings in shares of Gartner by 5.4% during the fourth quarter. Strs Ohio now owns 9,314 shares of the information technology services provider’s stock valued at $1,147,000 after acquiring an additional 478 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its holdings in shares of Gartner by 32.1% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 2,021 shares of the information technology services provider’s stock valued at $249,000 after acquiring an additional 491 shares in the last quarter. 96.77% of the stock is owned by institutional investors and hedge funds.
In other news, EVP Robin B. Kranich sold 5,064 shares of Gartner stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $118.19, for a total transaction of $598,514.16. Following the transaction, the executive vice president now directly owns 17,420 shares of the company’s stock, valued at approximately $2,058,869.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Robin B. Kranich sold 5,713 shares of Gartner stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $116.15, for a total value of $663,564.95. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 83,855 shares of company stock valued at $9,818,666. Corporate insiders own 4.30% of the company’s stock.
Shares of Gartner stock traded down $2.47 during trading hours on Friday, reaching $116.29. 683,606 shares of the stock traded hands, compared to its average volume of 653,286. The company has a market cap of $10,562.97, a P/E ratio of 35.13, a P/E/G ratio of 1.92 and a beta of 1.14. Gartner has a one year low of $108.44 and a one year high of $142.16. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 2.95.
Gartner (NYSE:IT) last released its quarterly earnings results on Tuesday, February 6th. The information technology services provider reported $1.17 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.32 by ($0.15). The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1 billion. Gartner had a net margin of 0.10% and a return on equity of 42.47%. The company’s revenue for the quarter was up 44.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.97 earnings per share. research analysts anticipate that Gartner will post 3.92 EPS for the current fiscal year.
Several equities analysts have recently weighed in on IT shares. Morgan Stanley raised their price target on Gartner from $120.00 to $131.00 and gave the company an “equal weight” rating in a report on Wednesday, January 31st. Cantor Fitzgerald restated a “buy” rating and set a $139.00 price target on shares of Gartner in a report on Tuesday, February 6th. Piper Jaffray restated a “hold” rating and set a $136.00 price target on shares of Gartner in a report on Tuesday, January 30th. TheStreet upgraded Gartner from a “c+” rating to a “b” rating in a report on Tuesday, February 6th. Finally, Zacks Investment Research downgraded Gartner from a “buy” rating to a “hold” rating in a report on Monday, February 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $140.44.
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Gartner Company Profile
Gartner, Inc operates as a research and advisory company. It operates through four segments: Research, Consulting, Events, and Talent Assessment & Other. 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 our 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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