MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Has $144,000 Stock Holdings in Gartner, Inc. (NYSE:IT)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH cut its holdings in shares of Gartner, Inc. (NYSE:IT - Free Report) by 98.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 343 shares of the information technology services provider's stock after selling 20,430 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's holdings in Gartner were worth $144,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Cary Street Partners Financial LLC bought a new stake in shares of Gartner during the fourth quarter valued at approximately $27,000. Kestra Investment Management LLC bought a new stake in shares of Gartner in the 4th quarter valued at approximately $29,000. Itau Unibanco Holding S.A. grew its stake in shares of Gartner by 453.3% in the 4th quarter. Itau Unibanco Holding S.A. now owns 83 shares of the information technology services provider's stock valued at $40,000 after purchasing an additional 68 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Gartner in the 4th quarter worth approximately $49,000. Finally, Promus Capital LLC bought a new position in shares of Gartner during the 4th quarter worth approximately $57,000. 91.51% of the stock is owned by institutional investors.

Gartner Price Performance

Shares of IT stock traded up $4.01 during trading hours on Monday, reaching $408.98. 680,432 shares of the company were exchanged, compared to its average volume of 476,685. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market cap of $31.48 billion, a price-to-earnings ratio of 25.51, a P/E/G ratio of 3.30 and a beta of 1.23. The stock's fifty day moving average is $423.28 and its two-hundred day moving average is $466.17. Gartner, Inc. has a fifty-two week low of $366.05 and a fifty-two week high of $584.01.

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 return on equity of 116.56% and a net margin of 20.00%. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same period last year, the company earned $2.93 EPS. The business's quarterly revenue was up 4.2% compared to the same quarter last year. Sell-side analysts forecast that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on IT shares. UBS Group increased their price objective on Gartner from $500.00 to $525.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. The Goldman Sachs Group dropped their target price on shares of Gartner from $622.00 to $535.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Barclays reduced their price target on shares of Gartner from $510.00 to $475.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. Wall Street Zen lowered shares of Gartner from a "buy" rating to a "hold" rating in a report on Friday, March 21st. Finally, Wells Fargo & Company cut their target price on shares of Gartner from $401.00 to $400.00 and set an "underweight" rating for the company in a research note on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, Gartner has a consensus rating of "Hold" and a consensus price target of $518.67.

Insider Activity

In other news, EVP Akhil Jain sold 625 shares of the firm's 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 sale, the executive vice president now owns 6,548 shares of the company's stock, valued at $2,946,600. This trade represents a 8.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 value of $241,610.42. Following the transaction, the executive vice president now owns 7,965 shares of the company's stock, valued at approximately $3,577,001.85. The trade was a 6.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,426 shares of company stock valued at $2,430,327 in the last ninety days. 2.30% of the stock is owned by insiders.

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.