Gartner, Inc. (NYSE:IT) Shares Sold by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec decreased its stake in Gartner, Inc. (NYSE:IT - Free Report) by 36.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,065 shares of the information technology services provider's stock after selling 15,625 shares during the period. Caisse DE Depot ET Placement DU Quebec's holdings in Gartner were worth $13,112,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in IT. Kestra Investment Management LLC bought a new position in Gartner in the 4th quarter worth approximately $29,000. SBI Securities Co. Ltd. bought a new position in shares of Gartner in the fourth quarter worth $49,000. Promus Capital LLC acquired a new position in shares of Gartner during the fourth quarter valued at $57,000. Hurley Capital LLC bought a new stake in shares of Gartner during the fourth quarter valued at about $73,000. Finally, Global Retirement Partners LLC lifted its holdings in Gartner by 14.0% in the fourth quarter. Global Retirement Partners LLC now owns 276 shares of the information technology services provider's stock worth $134,000 after purchasing an additional 34 shares during the period. Institutional investors own 91.51% of the company's stock.

Gartner Trading Up 1.9 %

Shares of IT opened at $427.76 on Friday. The business's 50-day moving average price is $429.83 and its 200 day moving average price is $485.40. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.81. The stock has a market capitalization of $32.86 billion, a P/E ratio of 26.68, a P/E/G ratio of 3.30 and a beta of 1.26. Gartner, Inc. has a 1-year low of $366.05 and a 1-year high of $584.01.

Gartner (NYSE:IT - Get Free Report) last released its earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share for the quarter, topping the consensus estimate of $3.22 by $2.23. Gartner had a net margin of 20.00% and a return on equity of 116.56%. The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same period last year, the firm posted $3.04 earnings per share. The firm's quarterly revenue was up 8.1% compared to the same quarter last year. Analysts expect that Gartner, Inc. will post 12.5 earnings per share for the current year.

Insider Activity

In other Gartner news, SVP John J. Rinello sold 90 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $530.51, for a total value of $47,745.90. Following the completion of the sale, the senior vice president now owns 3,259 shares in the company, valued at $1,728,932.09. This represents a 2.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Eileen Serra sold 1,200 shares of the business's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $489.77, for a total transaction of $587,724.00. Following the transaction, the director now owns 1,627 shares in the company, valued at approximately $796,855.79. This represents a 42.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.60% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. Wells Fargo & Company dropped their price target on shares of Gartner from $401.00 to $400.00 and set an "underweight" rating on the stock in a research report on Thursday. Barclays cut their target price on Gartner from $510.00 to $475.00 and set an "overweight" rating for the company in a research report on Monday, April 21st. The Goldman Sachs Group reiterated a "buy" rating on shares of Gartner in a research report on Tuesday, February 4th. StockNews.com lowered Gartner from a "buy" rating to a "hold" rating in a report on Friday, March 21st. Finally, Morgan Stanley lowered their target price on Gartner from $564.00 to $555.00 and set an "equal weight" rating on the stock in a report on Thursday, January 16th. One equities research 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's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $513.50.

About Gartner

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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