Public Employees Retirement System of Ohio Sells 1,482 Shares of Gartner, Inc. (NYSE:IT)

Public Employees Retirement System of Ohio lessened its position in Gartner, Inc. (NYSE:IT - Free Report) by 5.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,896 shares of the information technology services provider's stock after selling 1,482 shares during the period. Public Employees Retirement System of Ohio's holdings in Gartner were worth $12,546,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Cary Street Partners Financial LLC acquired a new stake in Gartner in the fourth quarter valued at $27,000. Kestra Investment Management LLC acquired a new stake in shares of Gartner in the fourth quarter valued at about $29,000. Itau Unibanco Holding S.A. increased its stake in shares of Gartner by 453.3% in the fourth quarter. Itau Unibanco Holding S.A. now owns 83 shares of the information technology services provider's stock valued at $40,000 after buying an additional 68 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Gartner during the fourth quarter worth about $49,000. Finally, Promus Capital LLC acquired a new position in shares of Gartner in the fourth quarter worth approximately $57,000. 91.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Robert W. Baird decreased their target price on shares of Gartner from $605.00 to $557.00 and set an "outperform" rating for the company in a research report on Friday, March 21st. Wall Street Zen downgraded shares of Gartner from a "buy" rating to a "hold" rating in a research note on Friday, March 21st. UBS Group upped their price target on shares of Gartner from $500.00 to $525.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. Barclays decreased their price target on Gartner from $510.00 to $475.00 and set an "overweight" rating for the company in a report on Monday, April 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 equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, Gartner presently has an average rating of "Hold" and an average price target of $518.67.

Insiders Place Their Bets

In other news, CFO Craig Safian sold 3,415 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The shares were 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 now owns 77,890 shares in the company, valued at $35,063,741.30. This trade represents a 4.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP John J. Rinello sold 109 shares of the business's 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 completion of the sale, the senior vice president now owns 3,280 shares in the company, valued at approximately $1,431,228. The trade was a 3.22% decrease in their ownership of the stock. 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 90 days. 2.30% of the stock is currently owned by corporate insiders.

Gartner Stock Up 0.0%

NYSE IT traded up $0.12 on Thursday, reaching $435.30. The company had a trading volume of 743,392 shares, compared to its average volume of 459,360. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. The company's fifty day moving average is $420.18 and its 200 day moving average is $475.67. Gartner, Inc. has a 52-week low of $366.05 and a 52-week high of $584.01. The stock has a market capitalization of $33.50 billion, a P/E ratio of 27.16, a P/E/G ratio of 3.30 and a beta of 1.24.

Gartner (NYSE:IT - Get Free Report) last announced 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 net margin of 20.00% and a return on equity of 116.56%. 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 posted $2.93 earnings per share. The firm's revenue for the quarter was up 4.2% on a year-over-year basis. Sell-side analysts anticipate that Gartner, Inc. will post 12.5 earnings per share for the current fiscal 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.