Gartner, Inc. (NYSE:IT) Holdings Cut by Bank of Nova Scotia

Bank of Nova Scotia trimmed its stake in shares of Gartner, Inc. (NYSE:IT - Free Report) by 23.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 28,896 shares of the information technology services provider's stock after selling 8,994 shares during the quarter. Bank of Nova Scotia's holdings in Gartner were worth $13,999,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in IT. Vanguard Group Inc. raised its position in shares of Gartner by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 9,268,639 shares of the information technology services provider's stock worth $4,490,378,000 after buying an additional 100,917 shares in the last quarter. FMR LLC raised its holdings in Gartner by 8.6% during the fourth quarter. FMR LLC now owns 2,822,122 shares of the information technology services provider's stock worth $1,367,233,000 after purchasing an additional 223,087 shares in the last quarter. Geode Capital Management LLC lifted its position in Gartner by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 2,063,577 shares of the information technology services provider's stock worth $998,400,000 after purchasing an additional 45,219 shares during the period. Principal Financial Group Inc. boosted its stake in Gartner by 0.6% during the 4th quarter. Principal Financial Group Inc. now owns 2,012,799 shares of the information technology services provider's stock valued at $975,141,000 after purchasing an additional 11,657 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in Gartner by 12.7% during the 4th quarter. Wellington Management Group LLP now owns 1,662,005 shares of the information technology services provider's stock valued at $805,192,000 after purchasing an additional 187,854 shares in the last quarter. Institutional investors own 91.51% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. StockNews.com downgraded shares of Gartner from a "buy" rating to a "hold" rating in a report on Friday, March 21st. 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 report on Thursday, January 16th. UBS Group decreased their target price on Gartner from $565.00 to $500.00 and set a "buy" rating on the stock in a report on Tuesday, March 25th. Wells Fargo & Company reduced their target price on Gartner from $488.00 to $401.00 and set an "underweight" rating for the company in a report on Wednesday. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of Gartner in a research note on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Gartner has an average rating of "Hold" and a consensus target price of $518.00.

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Insider Buying and Selling at Gartner

In other Gartner news, Director Eileen Serra sold 1,200 shares of the business's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $489.77, for a total value of $587,724.00. Following the completion of the transaction, the director now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP John J. Rinello sold 90 shares of the business's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $530.51, for a total value of $47,745.90. Following the completion of the transaction, the senior vice president now owns 3,259 shares of the company's stock, valued at $1,728,932.09. This represents a 2.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.60% of the company's stock.

Gartner Stock Performance

NYSE IT opened at $392.37 on Friday. Gartner, Inc. has a 1-year low of $366.05 and a 1-year high of $584.01. The company has a 50 day moving average of $464.31 and a 200-day moving average of $497.11. 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 market cap of $30.14 billion, a price-to-earnings ratio of 24.48, a PEG ratio of 3.30 and a beta of 1.26.

Gartner (NYSE:IT - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter in the prior year, the company earned $3.04 EPS. The firm's quarterly revenue was up 8.1% on a year-over-year basis. On average, equities analysts forecast that Gartner, Inc. will post 12.5 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.

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