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

California Public Employees Retirement System trimmed its position in Gartner, Inc. (NYSE:IT) by 0.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 463,145 shares of the information technology services provider’s stock after selling 561 shares during the period. California Public Employees Retirement System’s holdings in Gartner were worth $208,929,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Morgan Stanley boosted its stake in Gartner by 4.6% in the third quarter. Morgan Stanley now owns 2,157,075 shares of the information technology services provider’s stock valued at $741,193,000 after acquiring an additional 95,040 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Gartner by 30.3% in the third quarter. Principal Financial Group Inc. now owns 1,565,046 shares of the information technology services provider’s stock valued at $537,766,000 after acquiring an additional 364,128 shares in the last quarter. Brown Advisory Inc. boosted its stake in Gartner by 13.9% in the third quarter. Brown Advisory Inc. now owns 1,156,088 shares of the information technology services provider’s stock valued at $397,243,000 after acquiring an additional 141,219 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Gartner by 6.7% in the third quarter. Invesco Ltd. now owns 740,957 shares of the information technology services provider’s stock worth $254,600,000 after buying an additional 46,425 shares during the last quarter. Finally, Mackenzie Financial Corp raised its holdings in shares of Gartner by 26.3% in the fourth quarter. Mackenzie Financial Corp now owns 629,969 shares of the information technology services provider’s stock worth $284,185,000 after buying an additional 131,222 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Gartner news, EVP Claire Herkes sold 1,460 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $475.76, for a total value of $694,609.60. Following the transaction, the executive vice president now directly owns 2,842 shares in the company, valued at approximately $1,352,109.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Claire Herkes sold 1,460 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $475.76, for a total value of $694,609.60. Following the sale, the executive vice president now directly owns 2,842 shares of the company’s stock, valued at approximately $1,352,109.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Valentin Sribar sold 682 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $453.00, for a total transaction of $308,946.00. Following the completion of the sale, the executive vice president now directly owns 12,269 shares in the company, valued at $5,557,857. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,952 shares of company stock worth $10,598,070. 3.60% of the stock is owned by insiders.

Analyst Ratings Changes

IT has been the subject of a number of research analyst reports. UBS Group raised shares of Gartner from a “neutral” rating to a “buy” rating and raised their price target for the stock from $484.00 to $550.00 in a report on Thursday, April 11th. BMO Capital Markets raised their price target on shares of Gartner from $444.00 to $450.00 and gave the stock a “market perform” rating in a report on Thursday, February 8th. Morgan Stanley raised their price target on shares of Gartner from $421.00 to $446.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 6th. StockNews.com cut shares of Gartner from a “buy” rating to a “hold” rating in a report on Saturday, February 10th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Gartner in a report on Tuesday, April 16th. They set a “hold” rating and a $507.00 target price for the company. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $477.60.

Gartner Price Performance

IT traded up $6.45 on Tuesday, reaching $449.51. 38,260 shares of the company’s stock were exchanged, compared to its average volume of 386,209. The stock has a market cap of $35.05 billion, a PE ratio of 40.06, a P/E/G ratio of 4.02 and a beta of 1.29. Gartner, Inc. has a twelve month low of $292.60 and a twelve month high of $486.54. The stock’s fifty day moving average price is $464.91 and its 200-day moving average price is $436.38. The company has a debt-to-equity ratio of 3.60, a current ratio of 0.91 and a quick ratio of 0.91.

Gartner (NYSE:IT) last posted its quarterly earnings results on Tuesday, February 6th. The information technology services provider reported $3.04 earnings per share for the quarter, topping analysts’ consensus estimates of $2.83 by $0.21. The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.59 billion. Gartner had a net margin of 14.94% and a return on equity of 156.35%. Gartner’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the business posted $3.70 earnings per share. Sell-side analysts expect that Gartner, Inc. will post 11.36 EPS for the current year.

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.