Allianz Asset Management AG Has $462,000 Position in Gartner Inc (IT)

Allianz Asset Management AG reduced its stake in shares of Gartner Inc (NYSE:IT) by 13.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,564 shares of the information technology services provider’s stock after selling 736 shares during the period. Allianz Asset Management AG’s holdings in Gartner were worth $462,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Creative Planning boosted its stake in shares of Gartner by 79.6% in the third quarter. Creative Planning now owns 1,656 shares of the information technology services provider’s stock valued at $147,000 after buying an additional 734 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its stake in shares of Gartner by 200.0% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,800 shares of the information technology services provider’s stock valued at $159,000 after buying an additional 1,200 shares during the last quarter. First Mercantile Trust Co. boosted its stake in shares of Gartner by 4.8% in the third quarter. First Mercantile Trust Co. now owns 1,870 shares of the information technology services provider’s stock valued at $165,000 after buying an additional 85 shares during the last quarter. Advisor Group Inc. boosted its stake in shares of Gartner by 0.4% in the third quarter. Advisor Group Inc. now owns 2,048 shares of the information technology services provider’s stock valued at $181,000 after buying an additional 8 shares during the last quarter. Finally, Trexquant Investment LP boosted its stake in shares of Gartner by 6.6% in the fourth quarter. Trexquant Investment LP now owns 3,199 shares of the information technology services provider’s stock valued at $323,000 after buying an additional 199 shares during the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Gartner (NYSE:IT)

Gartner Inc (NYSE:IT) traded down 0.34% during mid-day trading on Friday, reaching $112.58. The company’s stock had a trading volume of 395,218 shares. The company’s 50-day moving average price is $108.76 and its 200 day moving average price is $100.79. The firm has a market capitalization of $9.30 billion, a price-to-earnings ratio of 48.74 and a beta of 1.09. Gartner Inc has a 52 week low of $84.54 and a 52 week high of $113.49.

Gartner (NYSE:IT) last posted its quarterly earnings results on Thursday, February 2nd. The information technology services provider reported $0.97 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.98 by $0.01. Gartner had a negative return on equity of 408.56% and a net margin of 7.57%. The business earned $703.20 million during the quarter, compared to the consensus estimate of $714.01 million. During the same quarter in the previous year, the business posted $0.92 earnings per share. The company’s quarterly revenue was up 9.2% compared to the same quarter last year. On average, equities analysts forecast that Gartner Inc will post $3.22 earnings per share for the current fiscal year.

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Several brokerages have weighed in on IT. BMO Capital Markets raised Gartner from a “market perform” rating to an “outperform” rating and set a $105.00 price objective on the stock in a research note on Friday, January 6th. Cantor Fitzgerald set a $108.00 target price on Gartner and gave the company a “buy” rating in a research report on Thursday, February 2nd. Zacks Investment Research lowered Gartner from a “hold” rating to a “sell” rating in a research report on Tuesday, March 28th. Credit Suisse Group AG restated a “buy” rating and set a $124.00 target price on shares of Gartner in a research report on Tuesday, April 11th. Finally, Royal Bank of Canada restated a “buy” rating and set a $116.00 target price on shares of Gartner in a research report on Friday, January 20th. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $110.60.

In other Gartner news, SVP Per Anders Waern sold 10,285 shares of the firm’s stock in a transaction dated Friday, February 17th. The shares were sold at an average price of $102.99, for a total transaction of $1,059,252.15. Following the transaction, the senior vice president now owns 600 shares of the company’s stock, valued at approximately $61,794. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Eugene A. Hall sold 61,181 shares of Gartner stock in a transaction that occurred on Wednesday, February 15th. The stock was sold at an average price of $101.41, for a total transaction of $6,204,365.21. Following the completion of the transaction, the chief executive officer now directly owns 1,173,566 shares in the company, valued at approximately $119,011,328.06. The disclosure for this sale can be found here. In the last ninety days, insiders sold 76,466 shares of company stock worth $7,770,367. Corporate insiders own 4.40% of the company’s stock.

Gartner Company Profile

Gartner, Inc is an information technology research and advisory company. The Company works with clients to research, analyze and interpret the business of information technology (IT), supply chain and marketing within the context of their individual roles. It operates in three segments: Research, Consulting and Events.

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