National Bank of Canada FI Sells 29,277 Shares of Gartner, Inc. (NYSE:IT)

National Bank of Canada FI reduced its position in shares of Gartner, Inc. (NYSE:IT - Free Report) by 51.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,806 shares of the information technology services provider's stock after selling 29,277 shares during the period. National Bank of Canada FI's holdings in Gartner were worth $13,466,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its position in Gartner by 5.5% during the 3rd quarter. Principal Financial Group Inc. now owns 2,001,142 shares of the information technology services provider's stock valued at $1,014,099,000 after purchasing an additional 103,814 shares during the period. Public Sector Pension Investment Board boosted its position in shares of Gartner by 13.7% during the third quarter. Public Sector Pension Investment Board now owns 3,330 shares of the information technology services provider's stock worth $1,688,000 after buying an additional 400 shares during the period. Verition Fund Management LLC increased its position in Gartner by 2.6% in the 3rd quarter. Verition Fund Management LLC now owns 2,370 shares of the information technology services provider's stock valued at $1,201,000 after acquiring an additional 60 shares during the period. HighTower Advisors LLC grew its stake in shares of Gartner by 4.6% in the third quarter. HighTower Advisors LLC now owns 27,508 shares of the information technology services provider's stock worth $14,168,000 after purchasing an additional 1,212 shares in the last quarter. Finally, Janus Henderson Group PLC increased its holdings in shares of Gartner by 3.5% during the third quarter. Janus Henderson Group PLC now owns 10,630 shares of the information technology services provider's stock valued at $5,388,000 after purchasing an additional 360 shares during the period. 91.51% of the stock is currently owned by institutional investors.

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Insider Activity

In related news, Director Eileen Serra sold 1,200 shares of the company's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $489.77, for a total transaction of $587,724.00. Following the transaction, the director now owns 1,627 shares in the company, valued at $796,855.79. This represents a 42.45 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP John J. Rinello sold 90 shares of the business'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 transaction, the senior vice president now directly owns 3,259 shares of the company's stock, valued at approximately $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. 3.60% of the stock is currently owned by corporate insiders.

Gartner Stock Performance

IT traded down $20.42 on Thursday, hitting $385.71. 153,941 shares of the stock traded hands, compared to its average volume of 644,928. Gartner, Inc. has a 52 week low of $366.05 and a 52 week high of $584.01. The firm has a market capitalization of $29.63 billion, a PE ratio of 24.08, a P/E/G ratio of 3.30 and a beta of 1.26. The business has a fifty day moving average price of $467.43 and a two-hundred day moving average price of $497.94. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.81.

Gartner (NYSE:IT - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share for the quarter, beating analysts' consensus estimates of $3.22 by $2.23. Gartner had a return on equity of 116.56% and a net margin of 20.00%. The firm had revenue of $1.72 billion for the quarter, compared to analysts' expectations of $1.69 billion. During the same period in the prior year, the business posted $3.04 earnings per share. The business's revenue was up 8.1% compared to the same quarter last year. On average, research analysts predict that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Gartner in a report on Tuesday, February 4th. UBS Group dropped their price objective on Gartner from $565.00 to $500.00 and set a "buy" rating on the stock in a research note on Tuesday, March 25th. Barclays cut their price target on shares of Gartner from $600.00 to $510.00 and set an "overweight" rating for the company in a report on Friday, April 4th. StockNews.com lowered shares of Gartner from a "buy" rating to a "hold" rating in a research report on Friday, March 21st. Finally, Robert W. Baird cut their price objective on Gartner from $605.00 to $557.00 and set an "outperform" rating for the company in a research report on Friday, March 21st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $518.00.

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.