Gartner, Inc. (NYSE:IT) Position Reduced by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale reduced its position in Gartner, Inc. (NYSE:IT - Free Report) by 3.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 128,799 shares of the information technology services provider's stock after selling 5,255 shares during the period. DekaBank Deutsche Girozentrale owned about 0.17% of Gartner worth $52,969,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Brighton Jones LLC acquired a new stake in Gartner during the fourth quarter valued at $309,000. Jones Financial Companies Lllp lifted its holdings in shares of Gartner by 154.3% during the 4th quarter. Jones Financial Companies Lllp now owns 506 shares of the information technology services provider's stock valued at $245,000 after buying an additional 307 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Gartner in the 4th quarter valued at approximately $49,000. Proficio Capital Partners LLC acquired a new position in Gartner in the fourth quarter worth approximately $95,762,000. Finally, Dorsey & Whitney Trust CO LLC increased its holdings in Gartner by 2.5% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 826 shares of the information technology services provider's stock worth $400,000 after buying an additional 20 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on IT. The Goldman Sachs Group reduced their target price 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. Barclays decreased their price objective on shares of Gartner from $510.00 to $475.00 and set an "overweight" rating for the company in a report on Monday, April 21st. Wells Fargo & Company cut their target price on Gartner from $401.00 to $400.00 and set an "underweight" rating on the stock in a report on Thursday, May 1st. Robert W. Baird reduced their price target on Gartner from $605.00 to $557.00 and set an "outperform" rating for the company in a research report on Friday, March 21st. Finally, UBS Group cut their price objective on Gartner from $525.00 to $500.00 and set a "buy" rating on the stock in a research note on Wednesday, June 18th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, Gartner currently has an average rating of "Hold" and an average price target of $515.89.

Insider Activity at Gartner

In other news, EVP Robin B. Kranich sold 739 shares of the stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $436.50, for a total value of $322,573.50. Following the completion of the transaction, the executive vice president owned 20,464 shares in the company, valued at approximately $8,932,536. This represents a 3.49% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Akhil Jain sold 625 shares of the firm's stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $450.00, for a total transaction of $281,250.00. Following the transaction, the executive vice president directly owned 6,548 shares of the company's stock, valued at $2,946,600. The trade was a 8.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,426 shares of company stock worth $2,430,327 in the last three months. Company insiders own 3.60% of the company's stock.

Gartner Stock Performance

IT opened at $398.77 on Wednesday. Gartner, Inc. has a 12-month low of $366.05 and a 12-month high of $584.01. The firm has a market capitalization of $30.69 billion, a P/E ratio of 24.81, a price-to-earnings-growth ratio of 2.59 and a beta of 1.19. The stock's 50 day moving average price is $422.21 and its two-hundred day moving average price is $453.83. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.64.

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

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.

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