Aware Super Pty Ltd as trustee of Aware Super Invests $10.42 Million in Gartner, Inc. (NYSE:IT)

Aware Super Pty Ltd as trustee of Aware Super bought a new stake in Gartner, Inc. (NYSE:IT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 21,500 shares of the information technology services provider's stock, valued at approximately $10,416,000.

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

Wall Street Analysts Forecast Growth

IT has been the subject of several research reports. StockNews.com downgraded shares of Gartner from a "buy" rating to a "hold" rating in a research report on Friday, March 21st. Morgan Stanley dropped their price target on Gartner from $564.00 to $555.00 and set an "equal weight" rating on the stock in a research note on Thursday, January 16th. UBS Group decreased their price objective on Gartner from $565.00 to $500.00 and set a "buy" rating for the company in a report on Tuesday, March 25th. Robert W. Baird reduced their price target on Gartner from $605.00 to $557.00 and set an "outperform" rating for the company in a research report on Friday, March 21st. Finally, Wells Fargo & Company lowered their price objective on shares of Gartner from $488.00 to $401.00 and set an "underweight" rating on the stock in a report on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $518.00.

Insider Buying and Selling at Gartner

In other Gartner news, SVP John J. Rinello sold 90 shares of the stock in a transaction 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 $1,728,932.09. This trade represents a 2.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Eileen Serra sold 1,200 shares of Gartner stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $489.77, for a total transaction of $587,724.00. Following the completion of the sale, the director now owns 1,627 shares of the company's stock, valued at $796,855.79. This trade represents a 42.45 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.60% of the company's stock.

Gartner Stock Performance

Shares of IT traded down $0.60 during midday trading on Friday, reaching $401.69. The stock had a trading volume of 443,428 shares, compared to its average volume of 449,915. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.81. The firm has a 50 day simple moving average of $451.04 and a 200-day simple moving average of $493.50. The firm has a market cap of $30.86 billion, a PE ratio of 25.06, a P/E/G ratio of 3.30 and a beta of 1.26. Gartner, Inc. has a one year low of $366.05 and a one year high of $584.01.

Gartner (NYSE:IT - Get Free Report) last released 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 firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.69 billion. Gartner had a return on equity of 116.56% and a net margin of 20.00%. The business's revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.04 earnings per share. As a group, sell-side analysts anticipate that Gartner, Inc. will post 12.5 EPS for the current 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.