Gartner, Inc. (NYSE:IT) Shares Sold by APG Asset Management US Inc.

APG Asset Management US Inc. trimmed its position in shares of Gartner, Inc. (NYSE:IT - Free Report) by 65.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,426 shares of the information technology services provider's stock after selling 4,689 shares during the period. APG Asset Management US Inc.'s holdings in Gartner were worth $1,175,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its stake in Gartner by 5.5% during the third quarter. Principal Financial Group Inc. now owns 2,001,142 shares of the information technology services provider's stock valued at $1,014,099,000 after buying an additional 103,814 shares during the period. Janus Henderson Group PLC increased its stake in shares of Gartner by 3.5% during the third quarter. Janus Henderson Group PLC now owns 10,630 shares of the information technology services provider's stock valued at $5,388,000 after buying an additional 360 shares during the period. IHT Wealth Management LLC bought a new position in Gartner in the third quarter worth about $218,000. EP Wealth Advisors LLC purchased a new stake in Gartner in the third quarter worth $528,000. Finally, Nomura Asset Management Co. Ltd. lifted its holdings in shares of Gartner by 9.5% during the third quarter. Nomura Asset Management Co. Ltd. now owns 41,256 shares of the information technology services provider's stock valued at $20,907,000 after purchasing an additional 3,595 shares during the last quarter. Institutional investors own 91.51% of the company's stock.

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Insider Activity at Gartner

In other Gartner news, SVP John J. Rinello sold 90 shares of the business's 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 owns 3,259 shares in the company, valued at approximately $1,728,932.09. The trade was a 2.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Eileen Serra sold 1,200 shares of Gartner 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 sale, the director now owns 1,627 shares of the company's stock, valued at approximately $796,855.79. The trade was a 42.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.60% of the company's stock.

Gartner Price Performance

Shares of IT stock traded up $5.83 during trading hours on Monday, hitting $405.71. 176,402 shares of the company's stock were exchanged, compared to its average volume of 448,962. Gartner, Inc. has a fifty-two week low of $366.05 and a fifty-two week high of $584.01. The firm has a market cap of $31.17 billion, a P/E ratio of 25.31, a P/E/G ratio of 3.30 and a beta of 1.26. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. The firm has a 50 day moving average of $461.38 and a two-hundred day moving average of $496.20.

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

Analysts Set New Price Targets

IT has been the topic of several research analyst reports. Barclays lowered their target price on shares of Gartner from $600.00 to $510.00 and set an "overweight" rating on the stock in a research note on Friday, April 4th. The Goldman Sachs Group restated a "buy" rating on shares of Gartner in a research report on Tuesday, February 4th. Morgan Stanley cut their price objective on Gartner from $564.00 to $555.00 and set an "equal weight" rating for the company in a research note on Thursday, January 16th. UBS Group decreased their price target on Gartner from $565.00 to $500.00 and set a "buy" rating on the stock in a report on Tuesday, March 25th. Finally, StockNews.com downgraded Gartner from a "buy" rating to a "hold" rating in a research report on Friday, March 21st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $518.00.

Gartner Company 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.