AEGON ASSET MANAGEMENT UK Plc Sells 8,783 Shares of Gartner, Inc. (NYSE:IT)

AEGON ASSET MANAGEMENT UK Plc trimmed its holdings in shares of Gartner, Inc. (NYSE:IT - Free Report) by 28.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,107 shares of the information technology services provider's stock after selling 8,783 shares during the period. AEGON ASSET MANAGEMENT UK Plc's holdings in Gartner were worth $11,202,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Empowered Funds LLC raised its holdings in shares of Gartner by 12.1% in the 1st quarter. Empowered Funds LLC now owns 3,549 shares of the information technology services provider's stock valued at $1,692,000 after purchasing an additional 382 shares during the period. SG Americas Securities LLC raised its holdings in shares of Gartner by 149.6% in the 1st quarter. SG Americas Securities LLC now owns 15,219 shares of the information technology services provider's stock valued at $7,254,000 after purchasing an additional 9,121 shares during the period. Wealthspire Advisors LLC bought a new position in Gartner in the 1st quarter valued at about $230,000. Oppenheimer & Co. Inc. bought a new position in Gartner in the 1st quarter valued at about $715,000. Finally, NorthRock Partners LLC raised its holdings in Gartner by 20.5% in the 1st quarter. NorthRock Partners LLC now owns 1,242 shares of the information technology services provider's stock valued at $592,000 after acquiring an additional 211 shares during the period. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director James C. Smith sold 10,000 shares of the firm's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $535.76, for a total transaction of $5,357,600.00. Following the completion of the transaction, the director now owns 554,274 shares of the company's stock, valued at approximately $296,957,838.24. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Akhil Jain sold 400 shares of Gartner stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $485.00, for a total transaction of $194,000.00. Following the completion of the transaction, the executive vice president now owns 4,839 shares of the company's stock, valued at $2,346,915. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James C. Smith sold 10,000 shares of Gartner stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $535.76, for a total transaction of $5,357,600.00. Following the transaction, the director now directly owns 554,274 shares of the company's stock, valued at $296,957,838.24. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 59,899 shares of company stock valued at $30,317,486. Insiders own 3.60% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on IT shares. StockNews.com raised shares of Gartner from a "hold" rating to a "buy" rating in a report on Wednesday. Robert W. Baird increased their target price on shares of Gartner from $565.00 to $590.00 and gave the stock an "outperform" rating in a research report on Wednesday. BMO Capital Markets increased their target price on shares of Gartner from $450.00 to $510.00 and gave the stock a "market perform" rating in a research report on Wednesday, July 31st. Bank of America increased their target price on shares of Gartner from $525.00 to $580.00 and gave the stock a "buy" rating in a research report on Wednesday, July 31st. Finally, Barclays increased their target price on shares of Gartner from $470.00 to $525.00 and gave the stock an "equal weight" rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $539.25.

Gartner Price Performance

Shares of NYSE IT traded up $6.65 during trading hours on Friday, hitting $547.40. 519,560 shares of the stock were exchanged, compared to its average volume of 275,125. The company has a debt-to-equity ratio of 2.31, a quick ratio of 0.90 and a current ratio of 1.02. The company has a market cap of $42.18 billion, a PE ratio of 40.37, a price-to-earnings-growth ratio of 3.27 and a beta of 1.32. The company's fifty day simple moving average is $512.66 and its two-hundred day simple moving average is $474.59. Gartner, Inc. has a 1-year low of $397.43 and a 1-year high of $552.33.

Gartner (NYSE:IT - Get Free Report) last issued its earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share for the quarter, beating analysts' consensus estimates of $2.45 by $0.05. Gartner had a net margin of 17.33% and a return on equity of 118.27%. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter last year, the business posted $2.56 earnings per share. The company's quarterly revenue was up 5.4% on a year-over-year basis. On average, sell-side analysts predict that Gartner, Inc. will post 11.88 EPS for the current year.

Gartner Profile

Gartner, Inc operates as a research and advisory company in the United States, Canada, Europe, the Middle East, Africa, and internationally. It operates through three segments: Research, Conferences, and Consulting. The Research segment delivers its research primarily through a subscription service that include on-demand access to published research content, data and benchmarks, and direct access to a network of research experts.