IFM Investors Pty Ltd Raises Holdings in Gartner, Inc. (NYSE:IT)

IFM Investors Pty Ltd increased its holdings in shares of Gartner, Inc. (NYSE:IT - Free Report) by 11.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm 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 quarter.

Other large investors have also modified their holdings of the company. OneDigital Investment Advisors LLC increased its stake in shares of Gartner by 37.4% during the first quarter. OneDigital Investment Advisors LLC now owns 2,056 shares of the information technology services provider's stock worth $863,000 after buying an additional 560 shares during the period. Calamos Advisors LLC increased its position in shares of Gartner by 1.1% in the 1st quarter. Calamos Advisors LLC now owns 43,790 shares of the information technology services provider's stock valued at $18,380,000 after purchasing an additional 488 shares during the last quarter. Mutual Advisors LLC increased its position in shares of Gartner by 13.8% in the 1st quarter. Mutual Advisors LLC now owns 601 shares of the information technology services provider's stock valued at $250,000 after purchasing an additional 73 shares during the last quarter. Resonant Capital Advisors LLC increased its position in shares of Gartner by 1.6% in the 1st quarter. Resonant Capital Advisors LLC now owns 2,324 shares of the information technology services provider's stock valued at $975,000 after purchasing an additional 36 shares during the last quarter. Finally, Private Trust Co. NA increased its position in shares of Gartner by 15.3% in the 1st quarter. Private Trust Co. NA now owns 354 shares of the information technology services provider's stock valued at $149,000 after purchasing an additional 47 shares during the last quarter. Hedge funds and other institutional investors own 91.51% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Barclays dropped their target price on Gartner from $510.00 to $475.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. The Goldman Sachs Group dropped their price objective on Gartner from $622.00 to $535.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Wall Street Zen downgraded Gartner from a "buy" rating to a "hold" rating in a report on Friday, March 21st. UBS Group dropped their price target on shares of Gartner from $525.00 to $500.00 and set a "buy" rating on the stock in a research note on Wednesday, June 18th. Finally, Robert W. Baird dropped their price target on shares of Gartner from $605.00 to $557.00 and set an "outperform" rating on the stock in a research note on Friday, March 21st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $515.89.

Insiders Place Their Bets

In related news, EVP William James Wartinbee III sold 538 shares of the 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 transaction, the executive vice president directly owned 7,965 shares in the company, valued at approximately $3,577,001.85. This represents a 6.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Akhil Jain sold 625 shares of the stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $450.00, for a total transaction of $281,250.00. Following 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,426 shares of company stock worth $2,430,327. 2.30% of the stock is owned by company insiders.

Gartner Stock Performance

Gartner stock traded up $4.84 during midday trading on Friday, hitting $400.28. 341,174 shares of the company's stock were exchanged, compared to its average volume of 505,861. The firm's 50 day simple moving average is $423.00 and its 200 day simple moving average is $455.04. Gartner, Inc. has a 12-month low of $366.05 and a 12-month high of $584.01. 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 cap of $30.81 billion, a price-to-earnings ratio of 24.91, a price-to-earnings-growth ratio of 2.60 and a beta of 1.19.

Gartner (NYSE:IT - Get Free Report) last released its quarterly earnings data 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. Gartner had a net margin of 19.82% and a return on equity of 96.70%. The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the previous year, the firm earned $2.93 earnings per share. The firm's revenue was up 4.2% on a year-over-year basis. Equities research analysts predict that Gartner, Inc. will post 12.5 EPS for the current year.

Gartner Company 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.