Vinva Investment Management Ltd Trims Stock Position in Gartner, Inc. (NYSE:IT)

Vinva Investment Management Ltd cut its holdings in shares of Gartner, Inc. (NYSE:IT - Free Report) by 48.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,423 shares of the information technology services provider's stock after selling 5,134 shares during the quarter. Vinva Investment Management Ltd's holdings in Gartner were worth $2,633,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Principal Financial Group Inc. raised its stake in Gartner by 5.5% during the third quarter. Principal Financial Group Inc. now owns 2,001,142 shares of the information technology services provider's stock worth $1,014,099,000 after purchasing an additional 103,814 shares during the period. Empowered Funds LLC raised its holdings in Gartner by 37.7% in the 3rd quarter. Empowered Funds LLC now owns 5,537 shares of the information technology services provider's stock valued at $2,806,000 after buying an additional 1,515 shares during the period. Thrivent Financial for Lutherans lifted its position in Gartner by 8.2% in the third quarter. Thrivent Financial for Lutherans now owns 37,824 shares of the information technology services provider's stock valued at $19,168,000 after buying an additional 2,875 shares during the last quarter. AMG National Trust Bank purchased a new position in Gartner during the third quarter worth about $207,000. Finally, Meeder Advisory Services Inc. raised its stake in shares of Gartner by 10.7% in the 3rd quarter. Meeder Advisory Services Inc. now owns 1,940 shares of the information technology services provider's stock valued at $983,000 after acquiring an additional 188 shares during the period. Hedge funds and other institutional investors own 91.51% of the company's stock.

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Insider Buying and Selling

In related news, SVP John J. Rinello sold 90 shares of the firm's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $530.51, for a total value of $47,745.90. Following the completion of the sale, the senior vice president now owns 3,259 shares in the company, valued at $1,728,932.09. This trade represents a 2.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Eileen Serra sold 1,200 shares of the 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 sale, the director now owns 1,627 shares in the company, valued at approximately $796,855.79. This trade represents a 42.45 % decrease in their position. The disclosure for this sale can be found here. 3.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

IT has been the subject of a number of research reports. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Gartner in a research note on Tuesday, February 4th. StockNews.com downgraded Gartner from a "buy" rating to a "hold" rating in a research report on Friday. Wells Fargo & Company cut their target price on shares of Gartner from $470.00 to $460.00 and set an "underweight" rating on the stock in a research note on Friday, January 10th. Barclays upgraded shares of Gartner from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $525.00 to $600.00 in a research note on Friday, January 10th. Finally, Morgan Stanley lowered their target price on Gartner from $564.00 to $555.00 and set an "equal weight" rating for the company in a research note on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $546.63.

Gartner Stock Performance

Shares of Gartner stock traded down $0.69 on Monday, hitting $429.69. The stock had a trading volume of 685,631 shares, compared to its average volume of 394,590. The stock has a market cap of $33.01 billion, a price-to-earnings ratio of 26.81, a P/E/G ratio of 3.30 and a beta of 1.29. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.81. Gartner, Inc. has a 52-week low of $409.50 and a 52-week high of $584.01. The company's 50 day moving average price is $502.37 and its 200 day moving average price is $507.99.

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