Achmea Investment Management B.V. Lowers Stake in Gartner, Inc. (NYSE:IT)

Achmea Investment Management B.V. decreased its position in Gartner, Inc. (NYSE:IT - Free Report) by 20.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,725 shares of the information technology services provider's stock after selling 4,612 shares during the period. Achmea Investment Management B.V.'s holdings in Gartner were worth $7,440,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Cary Street Partners Financial LLC acquired a new position in shares of Gartner in the 4th quarter worth approximately $27,000. Itau Unibanco Holding S.A. lifted its holdings in shares of Gartner by 453.3% in the 4th quarter. Itau Unibanco Holding S.A. now owns 83 shares of the information technology services provider's stock worth $40,000 after acquiring an additional 68 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Gartner in the 4th quarter worth approximately $49,000. Promus Capital LLC acquired a new position in shares of Gartner in the 4th quarter worth approximately $57,000. Finally, Bartlett & CO. Wealth Management LLC lifted its holdings in shares of Gartner by 57.5% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 167 shares of the information technology services provider's stock worth $70,000 after acquiring an additional 61 shares during the last quarter. Hedge funds and other institutional investors own 91.51% of the company's stock.

Insider Activity at Gartner

In other Gartner news, EVP Akhil Jain sold 625 shares of the firm's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $450.00, for a total transaction of $281,250.00. Following the transaction, the executive vice president now directly owns 6,548 shares of the company's stock, valued at approximately $2,946,600. This trade represents a 8.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Craig Safian sold 3,415 shares of the firm's stock in a transaction on 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 transaction, the chief financial officer now directly owns 77,890 shares in the company, valued at $35,063,741.30. The trade was a 4.20% 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 valued at $2,430,327 in the last ninety days. Insiders own 2.30% of the company's stock.

Gartner Stock Down 0.5%

Shares of NYSE:IT traded down $1.92 during trading hours on Friday, reaching $402.68. The stock had a trading volume of 1,040,422 shares, compared to its average volume of 496,543. Gartner, Inc. has a 1 year low of $366.05 and a 1 year high of $584.01. The firm's 50 day moving average is $423.58 and its 200-day moving average is $458.50. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a market capitalization of $30.99 billion, a price-to-earnings ratio of 25.06, a P/E/G ratio of 2.61 and a beta of 1.23.

Gartner (NYSE:IT - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The information technology services provider reported $2.98 EPS for the quarter, beating analysts' consensus estimates of $2.72 by $0.26. The company had revenue of $1.54 billion for 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 company's quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.93 EPS. Research analysts predict that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on IT. Robert W. Baird decreased their price objective on shares of Gartner from $605.00 to $557.00 and set an "outperform" rating on the stock in a report on Friday, March 21st. Barclays decreased their price objective 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. Wells Fargo & Company decreased their price objective 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. The Goldman Sachs Group decreased their price objective 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. Finally, Wall Street Zen lowered shares of Gartner from a "buy" rating to a "hold" rating in a report on Friday, March 21st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus 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.