Board of the Pension Protection Fund Takes Position in Gartner, Inc. (NYSE:IT)

Board of the Pension Protection Fund bought a new stake in shares of Gartner, Inc. (NYSE:IT - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,200 shares of the information technology services provider's stock, valued at approximately $581,000.

A number of other large investors have also recently added to or reduced their stakes in IT. Czech National Bank raised its holdings in Gartner by 6.5% during the 4th quarter. Czech National Bank now owns 16,725 shares of the information technology services provider's stock worth $8,103,000 after buying an additional 1,028 shares during the period. Assetmark Inc. increased its position in shares of Gartner by 70.0% in the third quarter. Assetmark Inc. now owns 5,144 shares of the information technology services provider's stock worth $2,607,000 after acquiring an additional 2,118 shares in the last quarter. ING Groep NV raised its holdings in shares of Gartner by 38.4% during the third quarter. ING Groep NV now owns 10,306 shares of the information technology services provider's stock valued at $5,223,000 after acquiring an additional 2,860 shares during the period. Barclays PLC lifted its position in shares of Gartner by 8.6% in the 3rd quarter. Barclays PLC now owns 166,787 shares of the information technology services provider's stock valued at $84,520,000 after acquiring an additional 13,205 shares in the last quarter. Finally, Mizuho Securities USA LLC boosted its stake in Gartner by 1,074.8% in the 3rd quarter. Mizuho Securities USA LLC now owns 70,312 shares of the information technology services provider's stock worth $35,631,000 after purchasing an additional 64,327 shares during the period. 91.51% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director James C. Smith sold 17,533 shares of the firm's stock in a transaction on Friday, November 8th. The shares were sold at an average price of $547.09, for a total value of $9,592,128.97. Following the transaction, the director now directly owns 532,294 shares in the company, valued at approximately $291,212,724.46. This trade represents a 3.19 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Claire Herkes sold 411 shares of the business's stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $521.24, for a total transaction of $214,229.64. Following the transaction, the executive vice president now directly owns 1,494 shares of the company's stock, valued at approximately $778,732.56. This represents a 21.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,583 shares of company stock valued at $19,241,974 over the last quarter. Insiders own 3.60% of the company's stock.

Gartner Stock Up 2.0 %

NYSE:IT traded up $9.77 during mid-day trading on Wednesday, reaching $509.57. The stock had a trading volume of 501,254 shares, compared to its average volume of 424,116. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market cap of $39.31 billion, a P/E ratio of 37.58, a PEG ratio of 3.18 and a beta of 1.33. The business's 50 day moving average is $509.24 and its 200 day moving average is $497.32. Gartner, Inc. has a fifty-two week low of $411.15 and a fifty-two week high of $559.00.

Gartner (NYSE:IT - Get Free Report) last released its quarterly earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter last year, the firm earned $2.56 EPS. Gartner's revenue for the quarter was up 5.4% on a year-over-year basis. As a group, sell-side analysts predict that Gartner, Inc. will post 11.87 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on IT. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Gartner from $529.00 to $531.00 and gave the company a "hold" rating in a research note on Wednesday, November 6th. Wells Fargo & Company reduced their price objective on Gartner from $470.00 to $460.00 and set an "underweight" rating for the company in a research note on Friday, January 10th. Barclays upgraded Gartner from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $525.00 to $600.00 in a research report on Friday, January 10th. StockNews.com downgraded Gartner from a "buy" rating to a "hold" rating in a report on Tuesday. Finally, Robert W. Baird boosted their price objective on shares of Gartner from $565.00 to $590.00 and gave the company an "outperform" rating in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $551.88.

About Gartner

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.