Two Sigma Investments LP Has $43.37 Million Holdings in Gartner, Inc. (NYSE:IT)

Two Sigma Investments LP trimmed its position in shares of Gartner, Inc. (NYSE:IT - Free Report) by 30.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 89,527 shares of the information technology services provider's stock after selling 39,242 shares during the period. Two Sigma Investments LP owned 0.12% of Gartner worth $43,373,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Barclays PLC grew its stake in Gartner by 8.6% in the 3rd quarter. Barclays PLC now owns 166,787 shares of the information technology services provider's stock valued at $84,520,000 after buying an additional 13,205 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Gartner by 7.3% in the third quarter. JPMorgan Chase & Co. now owns 1,036,530 shares of the information technology services provider's stock valued at $525,272,000 after purchasing an additional 70,236 shares during the last quarter. Merit Financial Group LLC bought a new position in shares of Gartner during the fourth quarter worth approximately $772,000. UMB Bank n.a. increased its stake in shares of Gartner by 5.9% during the fourth quarter. UMB Bank n.a. now owns 553 shares of the information technology services provider's stock worth $268,000 after purchasing an additional 31 shares during the period. Finally, Ballentine Partners LLC lifted its holdings in Gartner by 10.8% during the 4th quarter. Ballentine Partners LLC now owns 473 shares of the information technology services provider's stock worth $229,000 after purchasing an additional 46 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on IT shares. The Goldman Sachs Group lowered their price target on shares of Gartner from $622.00 to $535.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. Wells Fargo & Company cut their target price on Gartner from $401.00 to $400.00 and set an "underweight" rating for the company in a research report on Thursday, May 1st. Robert W. Baird reduced their target price on Gartner from $605.00 to $557.00 and set an "outperform" rating on the stock in a report on Friday, March 21st. Barclays decreased their price target on Gartner from $510.00 to $475.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. Finally, UBS Group upped their price objective on shares of Gartner from $500.00 to $525.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $518.67.

Insiders Place Their Bets

In related news, SVP John J. Rinello sold 109 shares of the company's stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $436.35, for a total transaction of $47,562.15. Following the sale, the senior vice president now directly owns 3,280 shares in the company, valued at approximately $1,431,228. This represents a 3.22% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Robin B. Kranich sold 739 shares of the stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $436.50, for a total value of $322,573.50. Following the sale, the executive vice president now owns 20,464 shares in the company, valued at approximately $8,932,536. This represents a 3.49% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,001 shares of company stock valued at $2,736,801. Company insiders own 2.30% of the company's stock.

Gartner Stock Performance

Shares of IT opened at $447.70 on Wednesday. The firm has a market capitalization of $34.39 billion, a P/E ratio of 27.93, a P/E/G ratio of 3.30 and a beta of 1.24. Gartner, Inc. has a 52 week low of $366.05 and a 52 week high of $584.01. The stock has a 50 day moving average price of $420.53 and a two-hundred day moving average price of $478.96. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.06 and a current ratio of 1.06.

Gartner (NYSE:IT - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The information technology services provider reported $2.98 earnings per share for the quarter, beating analysts' consensus estimates of $2.72 by $0.26. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.53 billion. Gartner had a net margin of 20.00% and a return on equity of 116.56%. The firm's revenue was up 4.2% on a year-over-year basis. During the same period last year, the firm earned $2.93 earnings per share. Equities analysts forecast that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

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.

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