Artemis Investment Management LLP Has $56.09 Million Stake in Gartner, Inc. (NYSE:IT)

Artemis Investment Management LLP trimmed its holdings in shares of Gartner, Inc. (NYSE:IT - Free Report) by 4.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 115,766 shares of the information technology services provider's stock after selling 5,776 shares during the period. Artemis Investment Management LLP owned 0.15% of Gartner worth $56,085,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Eastern Bank acquired a new stake in shares of Gartner in the 3rd quarter worth about $26,000. Ashton Thomas Securities LLC acquired a new stake in Gartner in the 3rd quarter valued at approximately $44,000. True Wealth Design LLC raised its stake in Gartner by 2,350.0% during the 3rd quarter. True Wealth Design LLC now owns 98 shares of the information technology services provider's stock valued at $50,000 after acquiring an additional 94 shares in the last quarter. Fortitude Family Office LLC boosted its position in Gartner by 23.8% during the 3rd quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider's stock worth $53,000 after acquiring an additional 20 shares during the period. Finally, Asset Dedication LLC grew its stake in shares of Gartner by 46.5% in the third quarter. Asset Dedication LLC now owns 148 shares of the information technology services provider's stock worth $75,000 after purchasing an additional 47 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

IT has been the topic of a number of recent analyst reports. Morgan Stanley cut their price objective on shares of Gartner from $564.00 to $555.00 and set an "equal weight" rating on the stock in a research note on Thursday. StockNews.com lowered shares of Gartner from a "buy" rating to a "hold" rating in a research note on Tuesday, January 14th. Barclays upgraded shares of Gartner from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $525.00 to $600.00 in a research note on Friday, January 10th. Wells Fargo & Company cut their target price on Gartner from $470.00 to $460.00 and set an "underweight" rating for the company in a research report on Friday, January 10th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Gartner from $529.00 to $531.00 and gave the company a "hold" rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $550.75.

Insider Activity

In other news, EVP Claire Herkes sold 411 shares of Gartner stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $521.24, for a total transaction of $214,229.64. Following the completion of the sale, the executive vice president now directly owns 1,494 shares in the company, valued at $778,732.56. The trade was a 21.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James C. Smith sold 17,533 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $547.09, for a total value of $9,592,128.97. Following the completion of the transaction, the director now owns 532,294 shares in the company, valued at $291,212,724.46. This represents a 3.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 35,583 shares of company stock worth $19,241,974 in the last 90 days. Company insiders own 3.60% of the company's stock.

Gartner Trading Up 0.8 %

NYSE IT traded up $4.28 on Monday, hitting $516.34. 971,178 shares of the company were exchanged, compared to its average volume of 357,370. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.02 and a quick ratio of 1.02. Gartner, Inc. has a twelve month low of $411.15 and a twelve month high of $559.00. The firm has a market capitalization of $39.83 billion, a P/E ratio of 38.08, a price-to-earnings-growth ratio of 2.72 and a beta of 1.33. The company's 50 day moving average price is $507.49 and its 200-day moving average price is $498.74.

Gartner (NYSE:IT - Get Free Report) last issued its quarterly earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 EPS for the quarter, beating the consensus estimate of $2.45 by $0.05. Gartner had a net margin of 17.33% and a return on equity of 118.27%. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the prior year, the firm earned $2.56 EPS. The firm's quarterly revenue was up 5.4% on a year-over-year basis. Analysts predict that Gartner, Inc. will post 11.87 earnings per share for the current fiscal year.

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.