Mirae Asset Global Investments Co. Ltd. Increases Stake in Gartner, Inc. (NYSE:IT)

Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Gartner, Inc. (NYSE:IT - Free Report) by 28.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 8,082 shares of the information technology services provider's stock after acquiring an additional 1,779 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Gartner were worth $3,933,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Czech National Bank increased its position in shares of Gartner by 6.5% during the fourth 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. grew its holdings in shares of Gartner by 70.0% during the third quarter. Assetmark Inc. now owns 5,144 shares of the information technology services provider's stock valued at $2,607,000 after buying an additional 2,118 shares during the last quarter. ING Groep NV grew 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 buying an additional 2,860 shares during the last quarter. Conestoga Capital Advisors LLC grew its holdings in shares of Gartner by 1.5% during the fourth quarter. Conestoga Capital Advisors LLC now owns 31,626 shares of the information technology services provider's stock valued at $15,322,000 after buying an additional 480 shares during the last quarter. Finally, Barclays PLC lifted its position in shares of Gartner by 8.6% during the third quarter. Barclays PLC now owns 166,787 shares of the information technology services provider's stock valued at $84,520,000 after purchasing an additional 13,205 shares in the last quarter. Institutional investors own 91.51% of the company's stock.

Analyst Ratings Changes

IT has been the topic of a number of recent analyst reports. Wells Fargo & Company dropped their price target on shares of Gartner from $470.00 to $460.00 and set an "underweight" rating on the stock in a research report on Friday, January 10th. Robert W. Baird lifted their target price on shares of Gartner from $579.00 to $605.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 5th. Morgan Stanley reduced their price objective on shares of Gartner from $564.00 to $555.00 and set an "equal weight" rating for the company in a research note on Thursday, January 16th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Gartner from $529.00 to $531.00 and gave the stock a "hold" rating in a research note on Wednesday, November 6th. Finally, StockNews.com raised shares of Gartner from a "hold" rating to a "buy" rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, Gartner has a consensus rating of "Hold" and an average target price of $552.63.

Gartner Trading Down 1.6 %

NYSE:IT traded down $8.10 during midday trading on Wednesday, reaching $514.02. 503,614 shares of the stock traded hands, compared to its average volume of 486,750. The company has a fifty day moving average of $510.12 and a 200 day moving average of $507.95. Gartner, Inc. has a 12 month low of $411.15 and a 12 month high of $584.01. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market capitalization of $39.65 billion, a P/E ratio of 32.07, a PEG ratio of 3.50 and a beta of 1.34.

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

Insider Buying and Selling at Gartner

In other news, Director James C. Smith sold 5,000 shares of the company's 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 sale, the director now directly owns 509,457 shares of the company's stock, valued at $266,965,657.14. This represents a 0.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP John J. Rinello sold 90 shares of the company's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $530.51, for a total transaction 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 $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. In the last ninety days, insiders have sold 5,690 shares of company stock valued at $2,981,025. 3.60% of the stock is currently owned by company insiders.

Gartner 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.