Gartner, Inc. (NYSE:IT) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue lowered its holdings in Gartner, Inc. (NYSE:IT - Free Report) by 29.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,055 shares of the information technology services provider's stock after selling 6,675 shares during the quarter. State of Alaska Department of Revenue's holdings in Gartner were worth $7,777,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. raised its holdings in shares of Gartner by 208.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 272,267 shares of the information technology services provider's stock valued at $131,905,000 after buying an additional 183,974 shares during the period. Point72 Asset Management L.P. purchased a new stake in shares of Gartner in the 3rd quarter valued at $70,955,000. Principal Financial Group Inc. raised 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 buying an additional 103,814 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Gartner in the 3rd quarter valued at $36,789,000. Finally, JPMorgan Chase & Co. raised 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 buying an additional 70,236 shares during the period. Hedge funds and other institutional investors own 91.51% of the company's stock.

Insider Buying and Selling

In other Gartner news, EVP Claire Herkes sold 411 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $521.24, for a total transaction of $214,229.64. Following the completion of the sale, the executive vice president now directly owns 1,494 shares of the company's stock, valued at approximately $778,732.56. This trade represents a 21.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP William James Wartinbee III sold 189 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $523.54, for a total value of $98,949.06. Following the sale, the executive vice president now directly owns 7,311 shares of the company's stock, valued at $3,827,600.94. The trade was a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,600 shares of company stock worth $2,933,279 in the last quarter. 3.60% of the stock is owned by insiders.

Gartner Stock Down 0.0 %

Shares of IT traded down $0.06 during mid-day trading on Monday, reaching $529.23. The company's stock had a trading volume of 222,921 shares, compared to its average volume of 469,843. The company's 50 day moving average is $509.93 and its 200 day moving average is $507.08. The stock has a market cap of $40.82 billion, a PE ratio of 33.02, a price-to-earnings-growth ratio of 3.50 and a beta of 1.34. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.02 and a quick ratio of 1.02. Gartner, Inc. has a 12-month low of $411.15 and a 12-month 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 (EPS) for the quarter, topping analysts' consensus estimates of $3.22 by $2.23. The firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.69 billion. Gartner had a return on equity of 136.32% and a net margin of 20.00%. The firm's quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the business posted $3.04 EPS. Equities analysts anticipate that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on IT. Barclays upgraded Gartner from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $525.00 to $600.00 in a report on Friday, January 10th. StockNews.com downgraded Gartner from a "buy" rating to a "hold" rating in a report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft upped their price target on Gartner from $529.00 to $531.00 and gave the stock a "hold" rating in a report on Wednesday, November 6th. Robert W. Baird upped their price target on Gartner from $579.00 to $605.00 and gave the stock an "outperform" rating in a report on Wednesday, February 5th. Finally, Wells Fargo & Company cut their price target on Gartner from $470.00 to $460.00 and set an "underweight" rating on the stock in a report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $552.63.

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.