Nomura Asset Management Co. Ltd. Decreases Stock Holdings in Gartner, Inc. (NYSE:IT)

Nomura Asset Management Co. Ltd. trimmed its position in Gartner, Inc. (NYSE:IT) by 4.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,542 shares of the information technology services provider’s stock after selling 2,130 shares during the quarter. Nomura Asset Management Co. Ltd. owned 0.06% of Gartner worth $20,544,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. BKM Wealth Management LLC bought a new stake in Gartner in the fourth quarter valued at $26,000. MCF Advisors LLC bought a new stake in Gartner in the fourth quarter valued at $27,000. Frazier Financial Advisors LLC bought a new stake in Gartner in the fourth quarter valued at $27,000. VisionPoint Advisory Group LLC boosted its holdings in Gartner by 254.2% in the third quarter. VisionPoint Advisory Group LLC now owns 85 shares of the information technology services provider’s stock valued at $29,000 after acquiring an additional 61 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC boosted its holdings in Gartner by 357.9% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 87 shares of the information technology services provider’s stock valued at $30,000 after acquiring an additional 68 shares in the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director James C. Smith sold 10,000 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $459.68, for a total value of $4,596,800.00. Following the transaction, the director now owns 623,235 shares in the company, valued at approximately $286,488,664.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Gartner news, EVP Alwyn Dawkins sold 800 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $454.57, for a total value of $363,656.00. Following the completion of the transaction, the executive vice president now owns 50,783 shares of the company’s stock, valued at approximately $23,084,428.31. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director James C. Smith sold 10,000 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $459.68, for a total value of $4,596,800.00. Following the completion of the transaction, the director now directly owns 623,235 shares of the company’s stock, valued at approximately $286,488,664.80. The disclosure for this sale can be found here. Insiders have sold a total of 28,549 shares of company stock worth $13,142,472 in the last quarter. Corporate insiders own 3.60% of the company’s stock.

Gartner Stock Down 1.5 %

Gartner stock traded down $6.65 during mid-day trading on Friday, reaching $439.04. The stock had a trading volume of 362,135 shares, compared to its average volume of 457,826. The company has a market capitalization of $34.08 billion, a price-to-earnings ratio of 43.69, a PEG ratio of 3.84 and a beta of 1.32. The company has a 50-day moving average price of $455.05 and a two-hundred day moving average price of $450.42. Gartner, Inc. has a one year low of $323.61 and a one year high of $486.54. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.91 and a quick ratio of 0.91.

Gartner (NYSE:IT) last announced its quarterly earnings results on Tuesday, April 30th. The information technology services provider reported $2.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.53 by $0.40. The company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.47 billion. Gartner had a net margin of 13.35% and a return on equity of 141.55%. Gartner’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.88 EPS. On average, analysts expect that Gartner, Inc. will post 11.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

IT has been the topic of several recent analyst reports. BMO Capital Markets cut their price target on shares of Gartner from $450.00 to $432.00 and set a “market perform” rating on the stock in a report on Thursday, May 2nd. Morgan Stanley lifted their price target on shares of Gartner from $421.00 to $446.00 and gave the company an “equal weight” rating in a report on Tuesday, February 6th. StockNews.com upgraded shares of Gartner from a “hold” rating to a “buy” rating in a report on Saturday, May 18th. Robert W. Baird dropped their target price on shares of Gartner from $536.00 to $517.00 and set an “outperform” rating on the stock in a report on Wednesday, May 1st. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Gartner in a report on Tuesday, April 16th. They set a “hold” rating and a $507.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Gartner currently has an average rating of “Moderate Buy” and a consensus price target of $474.50.

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.