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

IFM Investors Pty Ltd grew its position in shares of Gartner, Inc. (NYSE:IT - Free Report) by 11.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,713 shares of the information technology services provider's stock after purchasing an additional 1,689 shares during the quarter. IFM Investors Pty Ltd's holdings in Gartner were worth $7,015,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Dorsey & Whitney Trust CO LLC lifted its stake in shares of Gartner by 2.5% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 826 shares of the information technology services provider's stock worth $400,000 after acquiring an additional 20 shares during the period. Sompo Asset Management Co. Ltd. lifted its stake in shares of Gartner by 1.7% in the fourth quarter. Sompo Asset Management Co. Ltd. now owns 1,210 shares of the information technology services provider's stock worth $586,000 after acquiring an additional 20 shares during the period. Parallel Advisors LLC lifted its stake in shares of Gartner by 2.9% in the fourth quarter. Parallel Advisors LLC now owns 737 shares of the information technology services provider's stock worth $357,000 after acquiring an additional 21 shares during the period. Cornerstone Advisory LLC lifted its stake in shares of Gartner by 0.8% in the fourth quarter. Cornerstone Advisory LLC now owns 2,803 shares of the information technology services provider's stock worth $1,443,000 after acquiring an additional 21 shares during the period. Finally, TD Waterhouse Canada Inc. lifted its stake in shares of Gartner by 3.1% in the fourth quarter. TD Waterhouse Canada Inc. now owns 758 shares of the information technology services provider's stock worth $367,000 after acquiring an additional 23 shares during the period. 91.51% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Gartner

In related news, CFO Craig Safian sold 3,415 shares of the company'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 completion of the sale, the chief financial officer owned 77,890 shares in the company, valued at approximately $35,063,741.30. This represents a 4.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Akhil Jain sold 625 shares of the company's stock in a transaction 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 owned 6,548 shares of the company's stock, valued at $2,946,600. This trade represents 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 in the last three months. Insiders own 3.60% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on IT shares. The Goldman Sachs Group lowered their target price on Gartner from $622.00 to $535.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. UBS Group lowered their target price on Gartner from $525.00 to $500.00 and set a "buy" rating for the company in a report on Wednesday, June 18th. Wells Fargo & Company lowered their target price on Gartner from $401.00 to $400.00 and set an "underweight" rating for the company in a report on Thursday, May 1st. Wall Street Zen downgraded Gartner from a "buy" rating to a "hold" rating in a report on Friday, March 21st. Finally, Robert W. Baird lowered their target price on Gartner from $605.00 to $557.00 and set an "outperform" rating for the company in a report on Friday, March 21st. One 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 company has an average rating of "Hold" and an average price target of $515.89.

Gartner Stock Down 0.4%

Shares of NYSE IT traded down $1.79 during midday trading on Monday, hitting $398.50. 134,891 shares of the stock traded hands, compared to its average volume of 504,616. The company has a market cap of $30.67 billion, a PE ratio of 24.78, a P/E/G ratio of 2.60 and a beta of 1.19. Gartner, Inc. has a one year low of $366.05 and a one year high of $584.01. The business has a 50 day moving average price of $423.00 and a two-hundred day moving average price of $454.86. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.09 and a current ratio of 1.09.

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, beating the consensus estimate of $2.72 by $0.26. The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. Gartner had a return on equity of 96.70% and a net margin of 19.82%. The company's quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.93 earnings per share. On average, equities 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.