Gartner, Inc. (NYSE:IT) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D reduced its holdings in Gartner, Inc. (NYSE:IT) by 0.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,743 shares of the information technology services provider’s stock after selling 96 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Gartner were worth $13,441,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Baron Wealth Management LLC grew its stake in Gartner by 4.1% in the 3rd quarter. Baron Wealth Management LLC now owns 481 shares of the information technology services provider’s stock valued at $244,000 after acquiring an additional 19 shares during the period. Fortitude Family Office LLC lifted its holdings in Gartner by 23.8% during the third quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider’s stock valued at $53,000 after purchasing an additional 20 shares in the last quarter. Gilbert & Cook Inc. grew its position in shares of Gartner by 1.5% in the fourth quarter. Gilbert & Cook Inc. now owns 1,364 shares of the information technology services provider’s stock valued at $661,000 after purchasing an additional 20 shares during the period. Harbor Capital Advisors Inc. increased its stake in shares of Gartner by 2.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 917 shares of the information technology services provider’s stock worth $444,000 after purchasing an additional 22 shares in the last quarter. Finally, Western Financial Corp CA increased its stake in shares of Gartner by 1.0% during the fourth quarter. Western Financial Corp CA now owns 2,259 shares of the information technology services provider’s stock worth $1,094,000 after purchasing an additional 23 shares in the last quarter. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Gartner Stock Down 0.4 %

Shares of NYSE:IT opened at $515.34 on Tuesday. Gartner, Inc. has a 52-week low of $411.15 and a 52-week high of $584.01. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.31. The business has a fifty day moving average of $510.10 and a two-hundred day moving average of $508.59. The stock has a market cap of $39.75 billion, a P/E ratio of 32.15, a PEG ratio of 3.50 and a beta of 1.34.

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 the consensus estimate of $3.22 by $2.23. The firm had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.69 billion. Gartner had a net margin of 20.00% and a return on equity of 136.32%. Gartner’s revenue was up 8.1% compared to the same quarter last year. During the same period last year, the business earned $3.04 earnings per share. On average, research analysts expect that Gartner, Inc. will post 12.5 earnings per share for the current year.

Insider Activity

In related news, EVP William James Wartinbee III sold 189 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $523.54, for a total value of $98,949.06. Following the sale, the executive vice president now directly owns 7,311 shares in the company, valued at approximately $3,827,600.94. The trade was a 2.52 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James C. Smith sold 5,000 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $524.02, for a total transaction of $2,620,100.00. Following the transaction, the director now directly owns 509,457 shares of the company’s stock, valued at approximately $266,965,657.14. This trade represents a 0.97 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,690 shares of company stock valued at $2,981,025. 3.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

IT has been the topic of several research analyst reports. Barclays upgraded Gartner from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $525.00 to $600.00 in a report on Friday, January 10th. Deutsche Bank Aktiengesellschaft raised their target price on Gartner from $529.00 to $531.00 and gave the company a “hold” rating in a research report on Wednesday, November 6th. Robert W. Baird increased their price objective on Gartner from $579.00 to $605.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. Wells Fargo & Company decreased their price objective on Gartner from $470.00 to $460.00 and set an “underweight” rating on the stock in a report on Friday, January 10th. Finally, StockNews.com raised shares of Gartner from a “hold” rating to a “buy” rating in a report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $552.63.

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.