Gartner, Inc. (NYSE:IT) Shares Sold by National Pension Service

National Pension Service cut its holdings in shares of Gartner, Inc. (NYSE:IT) by 7.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 104,259 shares of the information technology services provider’s stock after selling 8,360 shares during the period. National Pension Service owned approximately 0.14% of Gartner worth $50,510,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in IT. Private Advisor Group LLC lifted its position in Gartner by 71.3% in the third quarter. Private Advisor Group LLC now owns 901 shares of the information technology services provider’s stock worth $456,000 after purchasing an additional 375 shares during the period. Nisa Investment Advisors LLC increased its holdings in shares of Gartner by 12.0% in the third quarter. Nisa Investment Advisors LLC now owns 20,080 shares of the information technology services provider’s stock valued at $10,176,000 after buying an additional 2,147 shares in the last quarter. abrdn plc increased its holdings in shares of Gartner by 4.7% in the third quarter. abrdn plc now owns 49,593 shares of the information technology services provider’s stock valued at $25,097,000 after buying an additional 2,225 shares in the last quarter. First Trust Direct Indexing L.P. lifted its holdings in shares of Gartner by 5.2% in the third quarter. First Trust Direct Indexing L.P. now owns 2,557 shares of the information technology services provider’s stock valued at $1,296,000 after purchasing an additional 126 shares in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of Gartner by 20.8% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 261 shares of the information technology services provider’s stock valued at $132,000 after purchasing an additional 45 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Gartner Trading Down 1.4 %

Shares of NYSE:IT opened at $491.38 on Friday. Gartner, Inc. has a 52-week low of $411.15 and a 52-week high of $584.01. The company has a market cap of $37.75 billion, a P/E ratio of 30.65, a P/E/G ratio of 3.30 and a beta of 1.34. The stock’s 50-day moving average is $509.78 and its 200-day moving average is $509.80. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.06 and a current ratio of 1.06.

Gartner (NYSE:IT) last released its earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share for the quarter, topping analysts’ consensus estimates of $3.22 by $2.23. Gartner had a return on equity of 116.56% and a net margin of 20.00%. The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same period last year, the business earned $3.04 earnings per share. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. Equities research analysts predict that Gartner, Inc. will post 12.5 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently issued reports on IT. StockNews.com lowered Gartner from a “buy” rating to a “hold” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft increased 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. The Goldman Sachs Group restated a “buy” rating on shares of Gartner in a report on Tuesday, February 4th. Barclays upgraded Gartner from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $525.00 to $600.00 in a report on Friday, January 10th. Finally, Robert W. Baird increased their price objective on Gartner from $579.00 to $605.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. One investment 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 data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $552.63.

Insider Buying and Selling

In other news, SVP John J. Rinello sold 90 shares of Gartner stock in a transaction that occurred 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 completion of the transaction, the senior vice president now owns 3,259 shares in the company, valued at approximately $1,728,932.09. The trade was a 2.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Eileen Serra sold 1,200 shares of Gartner stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $489.77, for a total transaction of $587,724.00. Following the completion of the transaction, the director now owns 1,627 shares of the company’s stock, valued at $796,855.79. This trade represents a 42.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,479 shares of company stock valued at $734,419 over the last three months. 3.60% of the stock is owned by corporate insiders.

About Gartner

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.