Asset Management One Co. Ltd. Decreases Stock Position in Gartner, Inc. (NYSE:IT)

Asset Management One Co. Ltd. trimmed its holdings in shares of Gartner, Inc. (NYSE:IT - Free Report) by 4.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 69,437 shares of the information technology services provider's stock after selling 3,255 shares during the quarter. Asset Management One Co. Ltd. owned 0.09% of Gartner worth $33,788,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in IT. Baron Wealth Management LLC increased its position in shares of Gartner by 4.1% during the 3rd quarter. Baron Wealth Management LLC now owns 481 shares of the information technology services provider's stock valued at $244,000 after purchasing an additional 19 shares during the last quarter. Fortitude Family Office LLC increased its position in shares of Gartner by 23.8% during the 3rd quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider's stock valued at $53,000 after purchasing an additional 20 shares during the last quarter. Gilbert & Cook Inc. increased its position in shares of Gartner by 1.5% during the 4th quarter. Gilbert & Cook Inc. now owns 1,364 shares of the information technology services provider's stock valued at $661,000 after purchasing an additional 20 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in shares of Gartner by 2.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 917 shares of the information technology services provider's stock valued at $444,000 after purchasing an additional 22 shares during the last quarter. Finally, Trust Point Inc. increased its position in shares of Gartner by 3.2% during the 3rd quarter. Trust Point Inc. now owns 746 shares of the information technology services provider's stock valued at $378,000 after purchasing an additional 23 shares during the last quarter. Institutional investors own 91.51% of the company's stock.

Gartner Stock Down 0.8 %

Shares of IT traded down $4.17 during midday trading on Tuesday, reaching $510.50. 115,388 shares of the stock were exchanged, compared to its average volume of 470,667. Gartner, Inc. has a 52 week low of $411.15 and a 52 week high of $584.01. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. The company's 50 day moving average is $510.10 and its two-hundred day moving average is $508.59. The company has a market capitalization of $39.37 billion, a P/E ratio of 31.84, a PEG ratio of 3.50 and a beta of 1.34.

Gartner (NYSE:IT - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share for the quarter, topping analysts' consensus estimates of $3.22 by $2.23. The firm had revenue of $1.72 billion during the quarter, compared to analysts' expectations of $1.69 billion. Gartner had a return on equity of 136.32% and a net margin of 20.00%. The firm's quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the business posted $3.04 EPS. On average, sell-side analysts anticipate that Gartner, Inc. will post 12.5 earnings per share for the current year.

Insider Buying and Selling

In other Gartner news, SVP John J. Rinello sold 90 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $530.51, for a total value of $47,745.90. Following the completion of the sale, the senior vice president now directly owns 3,259 shares in the company, valued at approximately $1,728,932.09. This trade represents a 2.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director James C. Smith sold 5,000 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $524.02, for a total value of $2,620,100.00. Following the completion of the sale, the director now owns 509,457 shares of the company's stock, valued at approximately $266,965,657.14. This trade represents a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,690 shares of company stock worth $2,981,025 in the last three months. 3.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on IT shares. Robert W. Baird boosted their target price on Gartner from $579.00 to $605.00 and gave the company an "outperform" rating in a research report on Wednesday, February 5th. Wells Fargo & Company cut their price objective on Gartner from $470.00 to $460.00 and set an "underweight" rating on the stock in a research report on Friday, January 10th. Deutsche Bank Aktiengesellschaft upped their price objective on Gartner from $529.00 to $531.00 and gave the company a "hold" rating in a research report on Wednesday, November 6th. StockNews.com raised Gartner from a "hold" rating to a "buy" rating in a research report on Wednesday, February 12th. Finally, Morgan Stanley cut their price objective on 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 equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $552.63.

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.