Universal Beteiligungs und Servicegesellschaft mbH Reduces Holdings in Gartner, Inc. (NYSE:IT)

Universal Beteiligungs und Servicegesellschaft mbH trimmed its holdings in Gartner, Inc. (NYSE:IT - Free Report) by 3.1% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 60,869 shares of the information technology services provider's stock after selling 1,932 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.08% of Gartner worth $25,549,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IT. Brighton Jones LLC purchased a new stake in shares of Gartner in the 4th quarter valued at approximately $309,000. Commonwealth Equity Services LLC raised its position in Gartner by 0.9% in the fourth quarter. Commonwealth Equity Services LLC now owns 3,379 shares of the information technology services provider's stock valued at $1,637,000 after purchasing an additional 30 shares during the period. LPL Financial LLC lifted its stake in Gartner by 0.6% during the fourth quarter. LPL Financial LLC now owns 30,726 shares of the information technology services provider's stock worth $14,886,000 after purchasing an additional 191 shares in the last quarter. EntryPoint Capital LLC purchased a new position in shares of Gartner during the fourth quarter worth $348,000. Finally, Meiji Yasuda Asset Management Co Ltd. grew its stake in shares of Gartner by 7.0% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,643 shares of the information technology services provider's stock valued at $796,000 after buying an additional 107 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company's stock.

Analyst Ratings Changes

IT has been the topic of several research reports. The Goldman Sachs Group decreased their target price on Gartner from $622.00 to $535.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Wells Fargo & Company cut their price target on shares of Gartner from $400.00 to $345.00 and set an "underweight" rating on the stock in a research note on Friday, July 18th. Barclays lowered their price objective on shares of Gartner from $510.00 to $475.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. Finally, UBS Group cut their target price on shares of Gartner from $500.00 to $480.00 and set a "buy" rating on the stock in a research note on Tuesday, July 15th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, Gartner currently has a consensus rating of "Hold" and an average target price of $507.56.

Gartner Stock Up 0.2%

Shares of IT stock traded up $0.69 during trading hours on Friday, reaching $356.83. 753,801 shares of the stock were exchanged, compared to its average volume of 867,332. The business's fifty day moving average is $403.72 and its two-hundred day moving average is $442.74. The firm has a market capitalization of $27.46 billion, a P/E ratio of 22.20, a P/E/G ratio of 2.31 and a beta of 1.19. Gartner, Inc. has a 12-month low of $352.29 and a 12-month high of $584.01. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.09 and a quick ratio of 1.09.

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. Gartner had a net margin of 19.82% and a return on equity of 96.70%. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the prior year, the firm posted $2.93 EPS. The company's quarterly revenue was up 4.2% compared to the same quarter last year. As a group, research analysts expect that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Insider Transactions at Gartner

In other Gartner news, EVP William James Wartinbee III sold 538 shares of Gartner stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $449.09, for a total transaction of $241,610.42. Following the completion of the sale, the executive vice president directly owned 7,965 shares of the company's stock, valued at $3,577,001.85. The trade was a 6.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Akhil Jain sold 625 shares of the stock in a transaction dated 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 transaction, the executive vice president owned 6,548 shares in the company, valued at approximately $2,946,600. The trade was a 8.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,426 shares of company stock valued at $2,430,327 over the last ninety days. Company insiders own 2.30% of the company's stock.

Gartner 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.