Fjarde AP Fonden Fourth Swedish National Pension Fund Has $8.27 Million Holdings in Gartner, Inc. (NYSE:IT)

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in shares of Gartner, Inc. (NYSE:IT) by 12.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,066 shares of the information technology services provider’s stock after acquiring an additional 1,900 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Gartner were worth $8,268,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of IT. Private Advisor Group LLC grew its holdings in Gartner by 71.3% during the 3rd quarter. Private Advisor Group LLC now owns 901 shares of the information technology services provider’s stock worth $456,000 after acquiring an additional 375 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Gartner by 65,778.0% during the third quarter. International Assets Investment Management LLC now owns 32,939 shares of the information technology services provider’s stock worth $16,692,000 after purchasing an additional 32,889 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Gartner by 20.6% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,303 shares of the information technology services provider’s stock worth $3,208,000 after purchasing an additional 1,078 shares during the last quarter. Arkadios Wealth Advisors increased its holdings in Gartner by 14.4% in the third quarter. Arkadios Wealth Advisors now owns 2,637 shares of the information technology services provider’s stock valued at $1,337,000 after purchasing an additional 332 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its position in Gartner by 17.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 30,005 shares of the information technology services provider’s stock worth $15,205,000 after purchasing an additional 4,565 shares during the last quarter. Institutional investors own 91.51% of the company’s stock.

Insider Buying and Selling at Gartner

In other Gartner news, SVP John J. Rinello sold 90 shares of the firm’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $530.51, for a total value of $47,745.90. Following the transaction, the senior vice president now directly owns 3,259 shares of the company’s stock, valued at approximately $1,728,932.09. This trade represents a 2.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP William James Wartinbee III sold 189 shares of the business’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $523.54, for a total transaction of $98,949.06. Following the sale, the executive vice president now directly owns 7,311 shares of the company’s stock, valued at approximately $3,827,600.94. The trade was a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 690 shares of company stock valued at $360,925. Company insiders own 3.60% of the company’s stock.

Gartner Stock Up 2.0 %

Shares of NYSE IT opened at $497.72 on Tuesday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. The firm has a market cap of $38.23 billion, a PE ratio of 31.05, a P/E/G ratio of 3.30 and a beta of 1.34. The company’s fifty day simple moving average is $509.33 and its 200 day simple moving average is $509.73. Gartner, Inc. has a 12-month low of $411.15 and a 12-month high of $584.01.

Gartner (NYSE:IT) last released its quarterly earnings data on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share (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 prior year, the firm earned $3.04 EPS. The business’s revenue was up 8.1% on a year-over-year basis. As a group, sell-side analysts forecast that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on IT shares. The Goldman Sachs Group reiterated a “buy” rating on shares of Gartner in a research report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft upped their target price on Gartner from $529.00 to $531.00 and gave the company a “hold” rating in a report on Wednesday, November 6th. Barclays upgraded shares of Gartner from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $525.00 to $600.00 in a report on Friday, January 10th. Wells Fargo & Company reduced their price objective 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. Finally, StockNews.com raised shares of Gartner from a “hold” rating to a “buy” rating in a research note on Wednesday, February 12th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Gartner presently has a consensus rating of “Moderate Buy” and an average price target 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.