APG Asset Management US Inc. Grows Position in Gartner, Inc. (NYSE:IT)

APG Asset Management US Inc. grew its position in Gartner, Inc. (NYSE:IT - Free Report) by 3.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 74,720 shares of the information technology services provider's stock after buying an additional 2,456 shares during the period. APG Asset Management US Inc. owned 0.10% of Gartner worth $32,975,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Central Pacific Bank Trust Division purchased a new position in shares of Gartner during the 1st quarter valued at approximately $36,000. Crewe Advisors LLC lifted its holdings in shares of Gartner by 223.3% during the second quarter. Crewe Advisors LLC now owns 97 shares of the information technology services provider's stock worth $44,000 after purchasing an additional 67 shares during the period. J.Safra Asset Management Corp grew its stake in shares of Gartner by 58.7% during the 1st quarter. J.Safra Asset Management Corp now owns 146 shares of the information technology services provider's stock worth $70,000 after purchasing an additional 54 shares during the period. Rothschild Investment LLC purchased a new position in shares of Gartner in the second quarter valued at $94,000. Finally, EverSource Wealth Advisors LLC raised its stake in Gartner by 16.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 275 shares of the information technology services provider's stock valued at $131,000 after purchasing an additional 38 shares during the last quarter. Institutional investors own 91.51% of the company's stock.

Gartner Trading Up 1.1 %

Shares of Gartner stock traded up $5.39 on Thursday, hitting $516.47. 265,535 shares of the company's stock traded hands, compared to its average volume of 384,569. Gartner, Inc. has a one year low of $323.61 and a one year high of $521.64. The company has a debt-to-equity ratio of 3.80, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a market capitalization of $40.09 billion, a PE ratio of 50.85, a price-to-earnings-growth ratio of 3.21 and a beta of 1.32. The firm's 50-day moving average price is $486.21 and its two-hundred day moving average price is $463.12.

Gartner (NYSE:IT - Get Free Report) last announced its quarterly earnings results on Tuesday, July 30th. The information technology services provider reported $3.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.02 by $0.20. The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.58 billion. Gartner had a return on equity of 142.05% and a net margin of 13.67%. The company's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the prior year, the company earned $2.85 earnings per share. On average, research analysts expect that Gartner, Inc. will post 11.65 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

IT has been the subject of a number of recent analyst reports. StockNews.com downgraded shares of Gartner from a "buy" rating to a "hold" rating in a research report on Wednesday, July 17th. BMO Capital Markets raised their price objective on shares of Gartner from $450.00 to $510.00 and gave the company a "market perform" rating in a research note on Wednesday, July 31st. Bank of America raised their target price on Gartner from $525.00 to $580.00 and gave the company a "buy" rating in a research note on Wednesday, July 31st. UBS Group increased their price target on Gartner from $510.00 to $580.00 and gave the company a "buy" rating in a research report on Wednesday, July 31st. Finally, Wells Fargo & Company upgraded Gartner to a "strong sell" rating in a research report on Tuesday, August 13th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Gartner has an average rating of "Hold" and a consensus target price of $521.00.

Insider Activity

In related news, CEO Eugene A. Hall sold 12,082 shares of the stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $504.84, for a total transaction of $6,099,476.88. Following the sale, the chief executive officer now owns 1,143,389 shares in the company, valued at approximately $577,228,502.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Eugene A. Hall sold 34,060 shares of Gartner stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $505.40, for a total transaction of $17,213,924.00. Following the transaction, the chief executive officer now owns 1,143,401 shares of the company's stock, valued at $577,874,865.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Eugene A. Hall sold 12,082 shares of the stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $504.84, for a total transaction of $6,099,476.88. Following the transaction, the chief executive officer now directly owns 1,143,389 shares of the company's stock, valued at $577,228,502.76. The disclosure for this sale can be found here. Insiders sold a total of 65,164 shares of company stock valued at $32,601,014 in the last quarter. Company insiders own 3.60% of the company's stock.

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.