Gartner, Inc. (NYSE:IT) Shares Sold by Pinebridge Investments L.P.

Pinebridge Investments L.P. decreased its position in shares of Gartner, Inc. (NYSE:IT - Free Report) by 20.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,845 shares of the information technology services provider's stock after selling 8,040 shares during the period. Pinebridge Investments L.P.'s holdings in Gartner were worth $14,943,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Howard Capital Management Inc. boosted its stake in Gartner by 4.4% in the 4th quarter. Howard Capital Management Inc. now owns 452 shares of the information technology services provider's stock worth $219,000 after purchasing an additional 19 shares during the period. Gilbert & Cook Inc. raised its position in Gartner by 1.5% during the fourth quarter. Gilbert & Cook Inc. now owns 1,364 shares of the information technology services provider's stock valued at $661,000 after purchasing an additional 20 shares during the period. Dorsey & Whitney Trust CO LLC raised its position in Gartner by 2.5% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 826 shares of the information technology services provider's stock valued at $400,000 after purchasing an additional 20 shares during the period. Parallel Advisors LLC raised its position in Gartner by 2.9% during the fourth quarter. Parallel Advisors LLC now owns 737 shares of the information technology services provider's stock valued at $357,000 after purchasing an additional 21 shares during the period. Finally, Harbor Capital Advisors Inc. raised its position in Gartner by 2.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 917 shares of the information technology services provider's stock valued at $444,000 after purchasing an additional 22 shares during the period. Hedge funds and other institutional investors own 91.51% of the company's stock.

Gartner Trading Up 0.9 %

IT traded up $3.86 during trading on Tuesday, hitting $419.67. 97,712 shares of the stock were exchanged, compared to its average volume of 452,904. The firm has a 50 day simple moving average of $435.86 and a 200 day simple moving average of $488.09. The firm has a market cap of $32.24 billion, a price-to-earnings ratio of 26.18, 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. 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 data on Tuesday, February 4th. The information technology services provider reported $5.45 EPS for the quarter, topping the consensus estimate of $3.22 by $2.23. The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.69 billion. Gartner had a return on equity of 116.56% and a net margin of 20.00%. Gartner's quarterly revenue was up 8.1% on a year-over-year basis. During the same period last year, the business posted $3.04 EPS. As a group, equities analysts expect that Gartner, Inc. will post 12.5 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on IT. Wells Fargo & Company decreased their price objective on Gartner from $488.00 to $401.00 and set an "underweight" rating on the stock in a research report on Wednesday, April 9th. The Goldman Sachs Group restated a "buy" rating on shares of Gartner in a research report on Tuesday, February 4th. StockNews.com downgraded Gartner from a "buy" rating to a "hold" rating in a research report on Friday, March 21st. Morgan Stanley decreased their price objective on Gartner from $564.00 to $555.00 and set an "equal weight" rating on the stock in a research report on Thursday, January 16th. Finally, Robert W. Baird reduced their price target on Gartner from $605.00 to $557.00 and set an "outperform" rating on the stock 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 issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $513.63.

Insider Buying and Selling at Gartner

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

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.