Gartner, Inc. (NYSE:IT) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio cut its position in Gartner, Inc. (NYSE:IT) by 24.2% during the first quarter, HoldingsChannel.com reports. The fund owned 28,938 shares of the information technology services provider’s stock after selling 9,239 shares during the period. Public Employees Retirement System of Ohio’s holdings in Gartner were worth $13,794,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in IT. MCF Advisors LLC purchased a new position in Gartner during the fourth quarter worth approximately $27,000. Frazier Financial Advisors LLC purchased a new position in Gartner during the fourth quarter worth approximately $27,000. AdvisorNet Financial Inc lifted its position in Gartner by 59.5% during the fourth quarter. AdvisorNet Financial Inc now owns 67 shares of the information technology services provider’s stock worth $30,000 after buying an additional 25 shares in the last quarter. DSM Capital Partners LLC purchased a new stake in Gartner in the fourth quarter valued at $32,000. Finally, Harbor Investment Advisory LLC raised its position in Gartner by 7,500.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 76 shares of the information technology services provider’s stock valued at $34,000 after purchasing an additional 75 shares during the period. 91.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

IT has been the topic of a number of research analyst reports. UBS Group reduced their target price on Gartner from $550.00 to $510.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. Morgan Stanley lifted their target price on Gartner from $440.00 to $470.00 and gave the company an “equal weight” rating in a research report on Thursday, July 11th. StockNews.com downgraded Gartner from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Deutsche Bank Aktiengesellschaft initiated coverage on Gartner in a research report on Tuesday, April 16th. They issued a “hold” rating and a $507.00 target price on the stock. Finally, Robert W. Baird reduced their target price on Gartner from $536.00 to $517.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 1st. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $478.50.

Gartner Trading Down 0.0 %

Shares of IT stock traded down $0.08 on Tuesday, hitting $470.84. The stock had a trading volume of 541,734 shares, compared to its average volume of 306,751. Gartner, Inc. has a 1 year low of $323.61 and a 1 year high of $486.54. The firm has a market capitalization of $36.55 billion, a P/E ratio of 46.85, a P/E/G ratio of 4.08 and a beta of 1.33. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.91 and a quick ratio of 0.91. The company’s 50 day moving average price is $446.18 and its 200-day moving average price is $454.07.

Gartner (NYSE:IT) last released its earnings results on Tuesday, April 30th. The information technology services provider reported $2.93 EPS for the quarter, topping the consensus estimate of $2.53 by $0.40. Gartner had a return on equity of 141.55% and a net margin of 13.35%. The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same period in the previous year, the firm posted $2.88 EPS. Gartner’s revenue for the quarter was up 4.5% on a year-over-year basis. Analysts anticipate that Gartner, Inc. will post 11.63 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Yvonne Genovese sold 439 shares of the company’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $456.13, for a total transaction of $200,241.07. Following the completion of the transaction, the executive vice president now directly owns 1,959 shares of the company’s stock, valued at approximately $893,558.67. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Anne Sutherland Fuchs sold 705 shares of the company’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $428.99, for a total value of $302,437.95. Following the completion of the sale, the director now directly owns 8,524 shares of the company’s stock, valued at approximately $3,656,710.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Yvonne Genovese sold 439 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $456.13, for a total value of $200,241.07. Following the completion of the sale, the executive vice president now directly owns 1,959 shares of the company’s stock, valued at $893,558.67. The disclosure for this sale can be found here. Insiders sold 22,544 shares of company stock valued at $10,079,813 in the last three months. 3.60% of the stock is owned by corporate insiders.

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.