Swiss National Bank Has $105.48 Million Stock Position in Gartner, Inc. (NYSE:IT)

Swiss National Bank trimmed its holdings in shares of Gartner, Inc. (NYSE:IT) by 5.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 217,731 shares of the information technology services provider’s stock after selling 12,600 shares during the period. Swiss National Bank owned approximately 0.28% of Gartner worth $105,484,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. EverSource Wealth Advisors LLC grew its stake in Gartner by 7.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 424 shares of the information technology services provider’s stock valued at $205,000 after purchasing an additional 28 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in Gartner by 1.8% in the fourth quarter. Sequoia Financial Advisors LLC now owns 1,731 shares of the information technology services provider’s stock valued at $839,000 after purchasing an additional 30 shares in the last quarter. PFG Advisors grew its stake in Gartner by 48.2% in the fourth quarter. PFG Advisors now owns 3,648 shares of the information technology services provider’s stock valued at $1,767,000 after purchasing an additional 1,186 shares in the last quarter. HighTower Advisors LLC grew its stake in Gartner by 10.2% in the fourth quarter. HighTower Advisors LLC now owns 30,313 shares of the information technology services provider’s stock valued at $14,686,000 after purchasing an additional 2,805 shares in the last quarter. Finally, Citizens Financial Group Inc. RI grew its stake in Gartner by 26.4% in the fourth quarter. Citizens Financial Group Inc. RI now owns 1,197 shares of the information technology services provider’s stock valued at $580,000 after purchasing an additional 250 shares in the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

Gartner Price Performance

NYSE IT opened at $457.45 on Friday. Gartner, Inc. has a twelve month low of $411.15 and a twelve month high of $584.01. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market capitalization of $35.14 billion, a PE ratio of 28.54, a P/E/G ratio of 3.30 and a beta of 1.29. The stock has a 50-day simple moving average of $508.08 and a 200 day simple moving average of $509.45.

Gartner (NYSE:IT) last posted its quarterly earnings data on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $1.69 billion. During the same quarter in the previous year, the firm earned $3.04 EPS. The firm’s revenue was up 8.1% compared to the same quarter last year. Research analysts anticipate that Gartner, Inc. will post 12.5 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on IT shares. Wells Fargo & Company lowered their target price on Gartner from $470.00 to $460.00 and set an “underweight” rating on the stock in a research note on Friday, January 10th. Morgan Stanley lowered their target price on Gartner from $564.00 to $555.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 16th. Robert W. Baird upped their price target on Gartner from $579.00 to $605.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. The Goldman Sachs Group reiterated a “buy” rating on shares of Gartner in a research note on Tuesday, February 4th. Finally, StockNews.com upgraded Gartner from a “hold” rating to a “buy” rating in a research note on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $552.63.

Insider Buying and Selling

In other Gartner news, SVP John J. Rinello sold 90 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was 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 of the company’s stock, valued at $1,728,932.09. This represents a 2.69 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Eileen Serra sold 1,200 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $489.77, for a total value of $587,724.00. Following the completion of the transaction, the director now directly owns 1,627 shares of the company’s stock, valued at approximately $796,855.79. This trade represents a 42.45 % decrease in their position. The disclosure for this sale can be found here. 3.60% of the stock is owned by insiders.

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.