Gartner, Inc. (NYSE:IT) Shares Acquired by APG Asset Management N.V.

APG Asset Management N.V. lifted its position in Gartner, Inc. (NYSE:IT - Free Report) by 74.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 94,758 shares of the information technology services provider's stock after purchasing an additional 40,334 shares during the quarter. APG Asset Management N.V. owned about 0.12% of Gartner worth $44,334,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of IT. Kestra Investment Management LLC purchased a new stake in Gartner in the 4th quarter worth approximately $29,000. SBI Securities Co. Ltd. purchased a new position in shares of Gartner during the 4th quarter valued at approximately $49,000. Promus Capital LLC acquired a new stake in Gartner in the 4th quarter valued at $57,000. Hurley Capital LLC purchased a new stake in Gartner in the 4th quarter worth $73,000. Finally, Global Retirement Partners LLC raised its position in Gartner by 14.0% during the fourth quarter. Global Retirement Partners LLC now owns 276 shares of the information technology services provider's stock worth $134,000 after acquiring an additional 34 shares during the period. Institutional investors and hedge funds own 91.51% of the company's stock.

Insider Activity at Gartner

In related news, Director Eileen Serra sold 1,200 shares of the company's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $489.77, for a total transaction of $587,724.00. Following the completion of the transaction, the director now owns 1,627 shares of the company's stock, valued at approximately $796,855.79. This represents a 42.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP John J. Rinello sold 90 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $530.51, for a total transaction of $47,745.90. Following the transaction, the senior vice president now directly owns 3,259 shares in the company, valued at approximately $1,728,932.09. This represents a 2.69 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.60% of the company's stock.

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Gartner Price Performance

IT stock traded up $6.73 during trading on Monday, hitting $406.61. The stock had a trading volume of 132,835 shares, compared to its average volume of 642,954. The stock has a market cap of $31.23 billion, a price-to-earnings ratio of 25.37, a price-to-earnings-growth ratio of 3.30 and a beta of 1.26. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.06 and a current ratio of 1.06. The company's 50 day moving average price is $461.38 and its two-hundred day moving average price is $496.20. Gartner, Inc. has a 1-year low of $366.05 and a 1-year high of $584.01.

Gartner (NYSE:IT - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.22 by $2.23. The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.69 billion. Gartner had a net margin of 20.00% and a return on equity of 116.56%. The company's quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.04 earnings per share. On average, sell-side analysts forecast that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Barclays cut their price objective on Gartner from $600.00 to $510.00 and set an "overweight" rating for the company in a research note on Friday, April 4th. Wells Fargo & Company reduced their price objective on Gartner from $488.00 to $401.00 and set an "underweight" rating for the company in a research note on Wednesday, April 9th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Gartner in a research note on Tuesday, February 4th. StockNews.com cut shares of Gartner from a "buy" rating to a "hold" rating in a research report on Friday, March 21st. Finally, Morgan Stanley lowered their price target on shares of Gartner from $564.00 to $555.00 and set an "equal weight" rating on the stock in a research report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Gartner presently has an average rating of "Hold" and an average target price of $518.00.

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.