Gartner, Inc. (NYSE:IT) Stock Holdings Trimmed by Principal Securities Inc.

Principal Securities Inc. lowered its stake in Gartner, Inc. (NYSE:IT - Free Report) by 35.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,120 shares of the information technology services provider's stock after selling 1,171 shares during the period. Principal Securities Inc.'s holdings in Gartner were worth $1,027,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the business. State Street Corp increased its holdings in shares of Gartner by 1.1% in the 3rd quarter. State Street Corp now owns 3,257,355 shares of the information technology services provider's stock valued at $1,650,697,000 after acquiring an additional 36,258 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Gartner by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 2,018,358 shares of the information technology services provider's stock valued at $1,020,378,000 after acquiring an additional 36,698 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Gartner by 5.5% in 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 acquiring an additional 103,814 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Gartner by 7.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,036,530 shares of the information technology services provider's stock valued at $525,272,000 after acquiring an additional 70,236 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of Gartner by 3.3% in the 3rd quarter. Franklin Resources Inc. now owns 801,589 shares of the information technology services provider's stock valued at $422,678,000 after acquiring an additional 25,315 shares during the last quarter. Hedge funds and other institutional investors own 91.51% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on IT shares. Deutsche Bank Aktiengesellschaft raised their price target on Gartner from $529.00 to $531.00 and gave the stock a "hold" rating in a research note on Wednesday, November 6th. Wells Fargo & Company dropped their price target on Gartner from $470.00 to $460.00 and set an "underweight" rating on the stock in a research note on Friday, January 10th. StockNews.com upgraded Gartner from a "hold" rating to a "buy" rating in a research note on Wednesday, February 12th. Robert W. Baird raised their price target on Gartner from $579.00 to $605.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 5th. Finally, Morgan Stanley dropped their price target on Gartner from $564.00 to $555.00 and set an "equal weight" rating on the stock in a research note on Thursday, January 16th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Gartner presently has an average rating of "Hold" and an average price target of $552.63.

Insider Activity

In other Gartner news, EVP William James Wartinbee III sold 189 shares of the business's stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $523.54, for a total transaction of $98,949.06. Following the transaction, the executive vice president now owns 7,311 shares in the company, valued at $3,827,600.94. The trade was a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 value of $47,745.90. Following the transaction, the senior vice president now owns 3,259 shares in the company, valued at approximately $1,728,932.09. This represents a 2.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,690 shares of company stock valued at $2,981,025 over the last quarter. Company insiders own 3.60% of the company's stock.

Gartner Price Performance

IT stock traded down $15.72 during midday trading on Friday, hitting $487.44. 522,715 shares of the stock were exchanged, compared to its average volume of 464,688. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.06 and a current ratio of 1.06. The stock's 50-day moving average price is $509.42 and its 200-day moving average price is $509.05. The stock has a market cap of $37.45 billion, a price-to-earnings ratio of 30.41, a PEG ratio of 3.30 and a beta of 1.34. Gartner, Inc. has a fifty-two week low of $411.15 and a fifty-two week high of $584.01.

Gartner (NYSE:IT - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share for the quarter, topping the consensus estimate of $3.22 by $2.23. The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.69 billion. Gartner had a return on equity of 116.56% and a net margin of 20.00%. Gartner's revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the business posted $3.04 earnings per share. Research analysts predict that Gartner, Inc. will post 12.5 earnings per share for the current 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.