Gartner, Inc. (NYSE:IT) Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale decreased its stake in shares of Gartner, Inc. (NYSE:IT - Free Report) by 3.9% in the 1st quarter, according to its most recent Form 13F filing with the 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 0.17% of Gartner worth $52,969,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in IT. Vanguard Group Inc. boosted its stake in shares of Gartner by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 9,268,639 shares of the information technology services provider's stock worth $4,490,378,000 after purchasing an additional 100,917 shares during the last quarter. FMR LLC grew its stake in Gartner by 8.6% in the 4th quarter. FMR LLC now owns 2,822,122 shares of the information technology services provider's stock worth $1,367,233,000 after acquiring an additional 223,087 shares during the period. Geode Capital Management LLC raised its holdings in Gartner by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 2,063,577 shares of the information technology services provider's stock valued at $998,400,000 after acquiring an additional 45,219 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Gartner by 12.7% during the 4th quarter. Wellington Management Group LLP now owns 1,662,005 shares of the information technology services provider's stock worth $805,192,000 after purchasing an additional 187,854 shares during the period. Finally, Invesco Ltd. boosted its holdings in shares of Gartner by 6.7% during the fourth quarter. Invesco Ltd. now owns 955,134 shares of the information technology services provider's stock worth $462,734,000 after purchasing an additional 60,306 shares during the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

Gartner Stock Down 3.5%

Shares of NYSE:IT traded down $13.59 during mid-day trading on Friday, hitting $374.19. 817,775 shares of the company traded hands, compared to its average volume of 511,568. The firm's 50 day simple moving average is $421.01 and its 200 day simple moving average is $452.73. The firm has a market cap of $28.80 billion, a P/E ratio of 23.29, a PEG ratio of 2.56 and a beta of 1.19. 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 52-week low of $366.05 and a 52-week high of $584.01.

Gartner (NYSE:IT - Get Free Report) last posted 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. The business had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.53 billion. Gartner had a net margin of 19.82% and a return on equity of 96.70%. The business's revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the previous year, the company posted $2.93 earnings per share. On average, equities analysts anticipate that Gartner, Inc. will post 12.5 EPS for the current year.

Insider Buying and Selling

In other Gartner news, SVP John J. Rinello sold 109 shares of the firm'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 owned 3,280 shares in the company, valued at $1,431,228. This trade represents a 3.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Robin B. Kranich sold 739 shares of the company's stock in a transaction that occurred 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 directly owned 20,464 shares in the company, valued at approximately $8,932,536. The trade was a 3.49% decrease in their ownership of the stock. 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 quarter. Company insiders own 2.30% of the company's stock.

Analyst Upgrades and Downgrades

IT has been the topic of several recent analyst reports. Barclays reduced their target price on Gartner from $510.00 to $475.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. Wells Fargo & Company decreased their target price on shares of Gartner from $401.00 to $400.00 and set an "underweight" rating on the stock in a research report on Thursday, May 1st. 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 research note on Wednesday, May 7th. Wall Street Zen lowered Gartner from a "buy" rating to a "hold" rating in a research report on Friday, March 21st. Finally, Robert W. Baird dropped their price target on Gartner from $605.00 to $557.00 and set an "outperform" rating for the company in a research note on Friday, March 21st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Gartner presently has a consensus rating of "Hold" and an average target price of $515.89.

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.