IFM Investors Pty Ltd Acquires 1,689 Shares of Gartner, Inc. (NYSE:IT)

IFM Investors Pty Ltd raised its holdings in shares of Gartner, Inc. (NYSE:IT - Free Report) by 11.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,713 shares of the information technology services provider's stock after buying an additional 1,689 shares during the period. IFM Investors Pty Ltd's holdings in Gartner were worth $7,015,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the company. Brighton Jones LLC purchased a new stake in Gartner during the fourth quarter valued at about $309,000. Jones Financial Companies Lllp lifted its position in Gartner by 154.3% in the fourth quarter. Jones Financial Companies Lllp now owns 506 shares of the information technology services provider's stock worth $245,000 after purchasing an additional 307 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Gartner during the fourth quarter valued at $49,000. Proficio Capital Partners LLC bought a new position in shares of Gartner in the fourth quarter valued at about $95,762,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Gartner during the 4th quarter worth about $165,476,000. 91.51% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Gartner

In other news, EVP Akhil Jain sold 625 shares of Gartner stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $450.00, for a total value of $281,250.00. Following the sale, the executive vice president directly owned 6,548 shares in the company, valued at approximately $2,946,600. This trade represents a 8.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP John J. Rinello sold 109 shares of Gartner stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $436.35, for a total value of $47,562.15. Following the transaction, the senior vice president owned 3,280 shares of the company's stock, valued at $1,431,228. The trade was a 3.22% decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,426 shares of company stock worth $2,430,327 over the last quarter. Company insiders own 3.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on IT shares. Wall Street Zen downgraded Gartner from a "buy" rating to a "hold" rating in a research report on Friday, March 21st. Barclays reduced their price target on Gartner from $510.00 to $475.00 and set an "overweight" rating for the company in a research report on Monday, April 21st. The Goldman Sachs Group reduced their price target on Gartner from $622.00 to $535.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Robert W. Baird dropped their price objective on Gartner from $605.00 to $557.00 and set an "outperform" rating on the stock in a research note on Friday, March 21st. Finally, Wells Fargo & Company dropped their price objective on Gartner from $401.00 to $400.00 and set an "underweight" rating on the stock in a research note on Thursday, May 1st. 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, Gartner has a consensus rating of "Hold" and a consensus target price of $515.89.

Gartner Stock Down 1.4%

Gartner stock traded down $5.62 during trading on Wednesday, hitting $393.53. 356,116 shares of the company were exchanged, compared to its average volume of 507,234. The business's 50 day moving average is $422.21 and its 200 day moving average is $453.83. Gartner, Inc. has a 52 week low of $366.05 and a 52 week high of $584.01. The company has a market capitalization of $30.29 billion, a P/E ratio of 24.49, a PEG ratio of 2.59 and a beta of 1.19. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.64.

Gartner (NYSE:IT - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The information technology services provider reported $2.98 earnings per share for the quarter, topping 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 the consensus estimate of $1.53 billion. During the same quarter in the prior year, the company earned $2.93 EPS. The firm's quarterly revenue was up 4.2% compared to the same quarter last year. Analysts predict 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.