Zurcher Kantonalbank Zurich Cantonalbank Sells 1,700 Shares of Gartner, Inc. (NYSE:IT)

Zurcher Kantonalbank Zurich Cantonalbank trimmed its holdings in shares of Gartner, Inc. (NYSE:IT - Free Report) by 3.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 54,761 shares of the information technology services provider's stock after selling 1,700 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.07% of Gartner worth $26,530,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of IT. State Street Corp increased its position in Gartner by 1.1% in the 3rd quarter. State Street Corp now owns 3,257,355 shares of the information technology services provider's stock valued at $1,650,697,000 after buying an additional 36,258 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Gartner by 1.9% during the third quarter. Geode Capital Management LLC now owns 2,018,358 shares of the information technology services provider's stock valued at $1,020,378,000 after acquiring an additional 36,698 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Gartner by 0.6% during the fourth quarter. Principal Financial Group Inc. now owns 2,012,799 shares of the information technology services provider's stock worth $975,141,000 after purchasing an additional 11,657 shares during the period. JPMorgan Chase & Co. raised its position in shares of Gartner by 7.3% during the third quarter. JPMorgan Chase & Co. now owns 1,036,530 shares of the information technology services provider's stock worth $525,272,000 after purchasing an additional 70,236 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in shares of Gartner by 3.3% in the 3rd quarter. Franklin Resources Inc. now owns 801,589 shares of the information technology services provider's stock worth $422,678,000 after purchasing an additional 25,315 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company's stock.

Gartner Stock Down 1.1 %

IT opened at $466.63 on Wednesday. Gartner, Inc. has a twelve month low of $411.15 and a twelve month high of $584.01. The company's 50-day moving average price is $509.57 and its two-hundred day moving average price is $510.31. The stock has a market cap of $35.85 billion, a price-to-earnings ratio of 29.11, a PEG ratio of 3.30 and a beta of 1.29. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.81.

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

Insider Activity

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

Analysts Set New Price Targets

Several research firms have weighed in on IT. Robert W. Baird upped their price objective on shares of Gartner from $579.00 to $605.00 and gave the stock an "outperform" rating in a report on Wednesday, February 5th. 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 report 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 report on Friday, January 10th. The Goldman Sachs Group reiterated a "buy" rating on shares of Gartner in a research note on Tuesday, February 4th. Finally, Morgan Stanley cut their target price on Gartner from $564.00 to $555.00 and set an "equal weight" rating on the stock in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $552.63.

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.

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