AEGON ASSET MANAGEMENT UK Plc Increases Stock Holdings in Gartner, Inc. (NYSE:IT)

AEGON ASSET MANAGEMENT UK Plc increased its holdings in shares of Gartner, Inc. (NYSE:IT - Free Report) by 51.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,424 shares of the information technology services provider's stock after purchasing an additional 11,317 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc's holdings in Gartner were worth $14,014,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Howard Capital Management Inc. boosted its position in shares of Gartner by 4.4% during the 4th quarter. Howard Capital Management Inc. now owns 452 shares of the information technology services provider's stock valued at $219,000 after acquiring an additional 19 shares during the last quarter. Dorsey & Whitney Trust CO LLC lifted its position in Gartner by 2.5% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 826 shares of the information technology services provider's stock valued at $400,000 after purchasing an additional 20 shares during the last quarter. Sompo Asset Management Co. Ltd. grew its stake in shares of Gartner by 1.7% in the 4th quarter. Sompo Asset Management Co. Ltd. now owns 1,210 shares of the information technology services provider's stock worth $586,000 after buying an additional 20 shares in the last quarter. Parallel Advisors LLC increased its holdings in shares of Gartner by 2.9% in the 4th quarter. Parallel Advisors LLC now owns 737 shares of the information technology services provider's stock worth $357,000 after buying an additional 21 shares during the last quarter. Finally, Cornerstone Advisory LLC raised its position in shares of Gartner by 0.8% during the 4th quarter. Cornerstone Advisory LLC now owns 2,803 shares of the information technology services provider's stock valued at $1,443,000 after buying an additional 21 shares in the last quarter. Institutional investors own 91.51% of the company's stock.

Gartner Stock Down 1.1%

Gartner stock traded down $4.60 during mid-day trading on Thursday, reaching $421.02. 672,166 shares of the company were exchanged, compared to its average volume of 467,729. The firm has a market cap of $32.40 billion, a P/E ratio of 26.26, a PEG ratio of 3.30 and a beta of 1.24. 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, Inc. has a 12-month low of $366.05 and a 12-month high of $584.01. The business has a fifty day moving average of $420.96 and a 200 day moving average of $471.86.

Gartner (NYSE:IT - Get Free Report) last announced its earnings results on Tuesday, May 6th. The information technology services provider reported $2.98 EPS for the quarter, topping analysts' consensus estimates of $2.72 by $0.26. Gartner had a net margin of 20.00% and a return on equity of 116.56%. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the previous year, the company posted $2.93 earnings per share. The firm's revenue was up 4.2% on a year-over-year basis. Research analysts anticipate that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on IT. Wells Fargo & Company dropped their price target on Gartner from $401.00 to $400.00 and set an "underweight" rating for the company in a research report on Thursday, May 1st. The Goldman Sachs Group dropped their price target on shares of Gartner from $622.00 to $535.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Robert W. Baird reduced their price objective on shares of Gartner from $605.00 to $557.00 and set an "outperform" rating on the stock in a research report on Friday, March 21st. Barclays cut their target price on Gartner from $510.00 to $475.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st. Finally, Wall Street Zen cut Gartner from a "buy" rating to a "hold" rating in a report on Friday, March 21st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $518.67.

Insider Buying and Selling at Gartner

In other Gartner news, CFO Craig Safian sold 3,415 shares of the stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $450.17, for a total transaction of $1,537,330.55. Following the sale, the chief financial officer now directly owns 77,890 shares of the company's stock, valued at approximately $35,063,741.30. This trade represents a 4.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP John J. Rinello sold 109 shares of the business's stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $436.35, for a total value of $47,562.15. Following the completion of the transaction, the senior vice president now directly owns 3,280 shares of the company's stock, valued at approximately $1,431,228. This trade represents a 3.22% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,426 shares of company stock worth $2,430,327 over the last three months. Corporate insiders own 2.30% of the company's stock.

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.