Swiss National Bank Decreases Stock Holdings in Gartner, Inc. (NYSE:IT)

Swiss National Bank reduced its position in Gartner, Inc. (NYSE:IT - Free Report) by 5.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 217,731 shares of the information technology services provider's stock after selling 12,600 shares during the quarter. Swiss National Bank owned approximately 0.28% of Gartner worth $105,484,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Czech National Bank grew its position in shares of Gartner by 6.5% during the fourth quarter. Czech National Bank now owns 16,725 shares of the information technology services provider's stock worth $8,103,000 after buying an additional 1,028 shares in the last quarter. Entropy Technologies LP purchased a new position in Gartner in the fourth quarter worth approximately $366,000. D.A. Davidson & CO. grew its holdings in Gartner by 2.6% during the 4th quarter. D.A. Davidson & CO. now owns 1,137 shares of the information technology services provider's stock worth $551,000 after acquiring an additional 29 shares in the last quarter. ING Groep NV grew its holdings in Gartner by 38.4% during the 3rd quarter. ING Groep NV now owns 10,306 shares of the information technology services provider's stock worth $5,223,000 after acquiring an additional 2,860 shares in the last quarter. Finally, Conestoga Capital Advisors LLC raised its holdings in shares of Gartner by 1.5% in the 4th quarter. Conestoga Capital Advisors LLC now owns 31,626 shares of the information technology services provider's stock valued at $15,322,000 after purchasing an additional 480 shares in the last quarter. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Wells Fargo & Company lowered their target price on shares of Gartner from $470.00 to $460.00 and set an "underweight" rating for the company in a research note on Friday, January 10th. Robert W. Baird increased their price objective on Gartner from $579.00 to $605.00 and gave the company an "outperform" rating in a report on Wednesday, February 5th. Barclays upgraded Gartner from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $525.00 to $600.00 in a research note on Friday, January 10th. StockNews.com raised Gartner from a "hold" rating to a "buy" rating in a report on Wednesday, March 5th. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of Gartner in a report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Gartner presently has an average rating of "Moderate Buy" and a consensus price target of $552.63.

Insider Buying and Selling

In related news, Director Eileen Serra sold 1,200 shares of Gartner stock in a transaction on Monday, February 24th. The shares were sold at an average price of $489.77, for a total value of $587,724.00. Following the transaction, the director now directly owns 1,627 shares in the company, valued at $796,855.79. This trade represents a 42.45 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP John J. Rinello sold 90 shares of the business's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $530.51, for a total transaction of $47,745.90. Following the completion of the transaction, the senior vice president now directly owns 3,259 shares in the company, valued at $1,728,932.09. This represents a 2.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.60% of the company's stock.

Gartner Stock Performance

Shares of IT stock traded up $0.92 during trading hours on Wednesday, hitting $448.70. The stock had a trading volume of 1,095,397 shares, compared to its average volume of 381,666. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market capitalization of $34.47 billion, a PE ratio of 27.99, a PEG ratio of 3.30 and a beta of 1.29. The stock's 50 day moving average is $506.00 and its 200 day moving average is $509.15. Gartner, Inc. has a twelve month low of $411.15 and a twelve month high of $584.01.

Gartner (NYSE:IT - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share for the quarter, topping analysts' consensus estimates of $3.22 by $2.23. The firm had revenue of $1.72 billion during the quarter, compared to analysts' expectations of $1.69 billion. Gartner had a net margin of 20.00% and a return on equity of 116.56%. Gartner's quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.04 EPS. As a group, research analysts forecast that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

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.