Asset Management One Co. Ltd. Sells 4,869 Shares of Gartner, Inc. (NYSE:IT)

Asset Management One Co. Ltd. cut its holdings in Gartner, Inc. (NYSE:IT - Free Report) by 7.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 64,568 shares of the information technology services provider's stock after selling 4,869 shares during the period. Asset Management One Co. Ltd. owned about 0.08% of Gartner worth $27,080,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC bought a new position in Gartner during the 4th quarter valued at about $309,000. D.A. Davidson & CO. grew its holdings in Gartner by 2.6% during the 4th quarter. D.A. Davidson & CO. now owns 1,137 shares of the information technology services provider's stock valued at $551,000 after purchasing an additional 29 shares during the last quarter. Global Retirement Partners LLC grew its holdings in Gartner by 14.0% during the 4th quarter. Global Retirement Partners LLC now owns 276 shares of the information technology services provider's stock valued at $134,000 after purchasing an additional 34 shares during the last quarter. Howard Capital Management Inc. grew its holdings in 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 purchasing an additional 19 shares during the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in Gartner by 12.5% during the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 17,066 shares of the information technology services provider's stock valued at $8,268,000 after purchasing an additional 1,900 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors.

Gartner Trading Up 0.4%

Gartner stock traded up $1.70 during trading hours on Thursday, hitting $404.34. The company had a trading volume of 897,198 shares, compared to its average volume of 493,727. The firm has a market cap of $31.12 billion, a P/E ratio of 25.16, a P/E/G ratio of 2.60 and a beta of 1.23. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.09 and a current ratio of 1.09. Gartner, Inc. has a 1 year low of $366.05 and a 1 year high of $584.01. The company has a 50-day moving average price of $423.51 and a two-hundred day moving average price of $460.43.

Gartner (NYSE:IT - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The information technology services provider reported $2.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.72 by $0.26. Gartner had a net margin of 19.82% and a return on equity of 96.70%. The company had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.53 billion. During the same period in the previous year, the company earned $2.93 EPS. The firm's quarterly revenue was up 4.2% on a year-over-year basis. On average, sell-side analysts anticipate that Gartner, Inc. will post 12.5 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. The Goldman Sachs Group cut their price target on shares of Gartner from $622.00 to $535.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Wall Street Zen downgraded shares of Gartner from a "buy" rating to a "hold" rating in a report on Friday, March 21st. Wells Fargo & Company cut their price target on shares of Gartner from $401.00 to $400.00 and set an "underweight" rating on the stock in a report on Thursday, May 1st. Barclays cut their price target on shares of Gartner from $510.00 to $475.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. Finally, UBS Group lowered their price objective on shares of Gartner from $525.00 to $500.00 and set a "buy" rating for the company in a research report on Wednesday, June 18th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Gartner currently has an average rating of "Hold" and an average price target of $515.89.

Insider Transactions at Gartner

In other news, EVP Akhil Jain sold 625 shares of the company's stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $450.00, for a total value of $281,250.00. Following the completion of the sale, the executive vice president now owns 6,548 shares of the company's stock, valued at approximately $2,946,600. This represents a 8.71% 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 company's stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $436.35, for a total transaction of $47,562.15. Following the completion of the sale, the senior vice president now directly owns 3,280 shares of the company's stock, valued at $1,431,228. The trade was a 3.22% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,426 shares of company stock valued at $2,430,327. Company insiders own 2.30% of the company's stock.

Gartner Company 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.