Gartner, Inc. (NYSE:IT) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio cut its stake in shares of Gartner, Inc. (NYSE:IT - Free Report) by 4.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 27,378 shares of the information technology services provider's stock after selling 1,364 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Gartner were worth $13,874,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Eastern Bank purchased a new position in Gartner in the third quarter valued at $26,000. Crewe Advisors LLC increased its holdings in shares of Gartner by 223.3% in the 2nd quarter. Crewe Advisors LLC now owns 97 shares of the information technology services provider's stock valued at $44,000 after acquiring an additional 67 shares during the last quarter. Ashton Thomas Securities LLC purchased a new position in shares of Gartner in the 3rd quarter valued at about $44,000. True Wealth Design LLC raised its position in shares of Gartner by 2,350.0% during the 3rd quarter. True Wealth Design LLC now owns 98 shares of the information technology services provider's stock worth $50,000 after acquiring an additional 94 shares in the last quarter. Finally, Fortitude Family Office LLC lifted its stake in Gartner by 23.8% during the third quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider's stock worth $53,000 after purchasing an additional 20 shares during the last quarter. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Gartner Stock Performance

Shares of IT traded down $4.34 during mid-day trading on Thursday, hitting $514.20. 295,647 shares of the company's stock were exchanged, compared to its average volume of 374,080. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. Gartner, Inc. has a fifty-two week low of $411.15 and a fifty-two week high of $559.00. The business's 50 day moving average is $522.13 and its two-hundred day moving average is $487.85. The firm has a market capitalization of $39.66 billion, a P/E ratio of 38.25, a P/E/G ratio of 3.23 and a beta of 1.31.

Gartner (NYSE:IT - Get Free Report) last announced its earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.45 by $0.05. Gartner had a return on equity of 118.27% and a net margin of 17.33%. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period last year, the business posted $2.56 EPS. The company's revenue was up 5.4% on a year-over-year basis. On average, equities analysts expect that Gartner, Inc. will post 11.89 earnings per share for the current year.

Insider Buying and Selling at Gartner

In other Gartner news, EVP Claire Herkes sold 478 shares of the firm's stock in a transaction on Friday, September 13th. The stock was sold at an average price of $506.01, for a total value of $241,872.78. Following the completion of the sale, the executive vice president now owns 1,905 shares of the company's stock, valued at approximately $963,949.05. This trade represents a 20.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James C. Smith sold 10,000 shares of the company's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $535.76, for a total transaction of $5,357,600.00. Following the transaction, the director now directly owns 554,274 shares in the company, valued at approximately $296,957,838.24. This trade represents a 1.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 36,061 shares of company stock valued at $19,483,846. 3.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

IT has been the topic of several recent analyst reports. Barclays increased their price target on shares of Gartner from $470.00 to $525.00 and gave the company an "equal weight" rating in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Gartner from $529.00 to $531.00 and gave the company a "hold" rating in a research report on Wednesday, November 6th. Robert W. Baird lifted their price target on shares of Gartner from $565.00 to $590.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 6th. Wells Fargo & Company upped their price objective on shares of Gartner from $460.00 to $470.00 and gave the company an "underweight" rating in a research note on Wednesday, November 6th. Finally, StockNews.com upgraded Gartner from a "hold" rating to a "buy" rating in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $543.75.

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.