Sumitomo Mitsui Trust Group Inc. Has $88.12 Million Holdings in Gartner, Inc. (NYSE:IT)

Sumitomo Mitsui Trust Group Inc. lifted its holdings in Gartner, Inc. (NYSE:IT - Free Report) by 3.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 181,882 shares of the information technology services provider's stock after purchasing an additional 6,529 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.24% of Gartner worth $88,116,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in IT. Choreo LLC increased its position in shares of Gartner by 9.6% in the fourth quarter. Choreo LLC now owns 2,524 shares of the information technology services provider's stock worth $1,225,000 after acquiring an additional 221 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Gartner by 28.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,082 shares of the information technology services provider's stock worth $3,933,000 after acquiring an additional 1,779 shares in the last quarter. Weaver Capital Management LLC increased its position in shares of Gartner by 25.2% in the fourth quarter. Weaver Capital Management LLC now owns 1,802 shares of the information technology services provider's stock worth $873,000 after acquiring an additional 363 shares in the last quarter. E. Ohman J or Asset Management AB increased its position in shares of Gartner by 18.0% in the fourth quarter. E. Ohman J or Asset Management AB now owns 3,480 shares of the information technology services provider's stock worth $1,686,000 after acquiring an additional 530 shares in the last quarter. Finally, Mather Group LLC. increased its position in shares of Gartner by 2.1% in the fourth quarter. Mather Group LLC. now owns 1,257 shares of the information technology services provider's stock worth $609,000 after acquiring an additional 26 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company's stock.

Analyst Upgrades and Downgrades

IT has been the topic of several analyst reports. Morgan Stanley dropped their target price on shares of Gartner from $564.00 to $555.00 and set an "equal weight" rating on the stock in a research report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Gartner from $529.00 to $531.00 and gave the stock a "hold" rating in a research report on Wednesday, November 6th. StockNews.com upgraded shares of Gartner from a "hold" rating to a "buy" rating in a report on Wednesday. Barclays upgraded shares of Gartner from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $525.00 to $600.00 in a report on Friday, January 10th. Finally, Wells Fargo & Company decreased their price target on shares of Gartner from $470.00 to $460.00 and set an "underweight" rating for the company in a report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $552.63.

Gartner Stock Performance

IT stock traded down $8.10 on Wednesday, reaching $514.02. 503,614 shares of the company were exchanged, compared to its average volume of 486,750. Gartner, Inc. has a 12 month low of $411.15 and a 12 month high of $584.01. The stock's fifty day moving average price is $510.12 and its 200 day moving average price is $507.95. The firm has a market capitalization of $39.65 billion, a PE ratio of 32.07, a PEG 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 (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 (EPS) for the quarter, beating the consensus estimate of $3.22 by $2.23. The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.69 billion. Gartner had a net margin of 20.00% and a return on equity of 136.32%. The business's revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.04 EPS. On average, research analysts anticipate that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Insider Buying and Selling at Gartner

In other news, EVP Claire Herkes sold 411 shares of the business's stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $521.24, for a total value of $214,229.64. Following the sale, the executive vice president now owns 1,494 shares in the company, valued at approximately $778,732.56. The trade was a 21.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James C. Smith sold 5,000 shares of the business's stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $524.02, for a total transaction of $2,620,100.00. Following the completion of the sale, the director now owns 509,457 shares in the company, valued at $266,965,657.14. This represents a 0.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,690 shares of company stock valued at $2,981,025 in the last 90 days. 3.60% of the stock is currently owned by company insiders.

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.