Gartner, Inc. (NYSE:IT) Stake Reduced by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. reduced its stake in shares of Gartner, Inc. (NYSE:IT - Free Report) by 32.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,367 shares of the information technology services provider's stock after selling 8,901 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Gartner were worth $7,709,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in 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 acquiring an additional 100,917 shares during the period. FMR LLC boosted its position in Gartner by 8.6% during 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 boosted its position in Gartner by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 2,063,577 shares of the information technology services provider's stock worth $998,400,000 after acquiring an additional 45,219 shares during the period. Wellington Management Group LLP boosted its position in 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 acquiring an additional 187,854 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of Gartner by 6.7% in the fourth quarter. Invesco Ltd. now owns 955,134 shares of the information technology services provider's stock valued at $462,734,000 after buying an additional 60,306 shares during the period. Institutional investors and hedge funds own 91.51% of the company's stock.

Gartner Price Performance

Shares of IT stock opened at $402.68 on Monday. Gartner, Inc. has a 12 month low of $366.05 and a 12 month high of $584.01. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.64. The stock has a 50 day moving average of $423.58 and a two-hundred day moving average of $458.11. The company has a market capitalization of $30.99 billion, a P/E 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 released its earnings results on Tuesday, May 6th. The information technology services provider reported $2.98 EPS for the quarter, beating the consensus estimate of $2.72 by $0.26. Gartner had a return on equity of 96.70% and a net margin of 19.82%. The company had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.53 billion. During the same period last year, the firm earned $2.93 EPS. The business's revenue for the quarter was up 4.2% on a year-over-year basis. As a group, equities analysts expect that Gartner, Inc. will post 12.5 EPS for the current year.

Analysts Set New Price Targets

IT has been the subject of several research analyst reports. Wall Street Zen lowered Gartner from a "buy" rating to a "hold" rating in a report on Friday, March 21st. Wells Fargo & Company dropped their price target on 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 dropped their price target on Gartner from $622.00 to $535.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. UBS Group dropped their price target on Gartner from $525.00 to $500.00 and set a "buy" rating on the stock in a research report on Wednesday, June 18th. Finally, Barclays dropped their price target on Gartner from $510.00 to $475.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $515.89.

Insiders Place Their Bets

In other Gartner news, EVP Robin B. Kranich sold 739 shares of the business's stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $436.50, for a total transaction of $322,573.50. Following the transaction, the executive vice president now owns 20,464 shares of the company's stock, valued at $8,932,536. The trade was a 3.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Craig Safian sold 3,415 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $450.17, for a total value of $1,537,330.55. Following the sale, the chief financial officer now owns 77,890 shares of the company's stock, valued at approximately $35,063,741.30. This represents a 4.20% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,426 shares of company stock worth $2,430,327. Corporate insiders own 3.60% 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.

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