Gartner, Inc. (NYSE:IT) Holdings Raised by Northern Trust Corp

Northern Trust Corp grew its position in Gartner, Inc. (NYSE:IT - Free Report) by 10.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 906,833 shares of the information technology services provider's stock after purchasing an additional 88,800 shares during the period. Northern Trust Corp owned approximately 1.18% of Gartner worth $439,333,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Kestra Investment Management LLC acquired a new stake in shares of Gartner in the fourth quarter valued at about $29,000. SBI Securities Co. Ltd. acquired a new stake in Gartner in the fourth quarter valued at approximately $49,000. Promus Capital LLC purchased a new stake in shares of Gartner during the fourth quarter valued at approximately $57,000. Hurley Capital LLC acquired a new position in shares of Gartner during the fourth quarter worth $73,000. Finally, Global Retirement Partners LLC boosted its stake in shares of Gartner by 14.0% in the fourth quarter. Global Retirement Partners LLC now owns 276 shares of the information technology services provider's stock valued at $134,000 after purchasing an additional 34 shares during the period. Hedge funds and other institutional investors own 91.51% of the company's stock.

Insiders Place Their Bets

In other news, Director Eileen Serra sold 1,200 shares of the company's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $489.77, for a total transaction of $587,724.00. Following the completion of 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP John J. Rinello sold 90 shares of Gartner stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $530.51, for a total transaction of $47,745.90. Following the completion of the sale, the senior vice president now owns 3,259 shares in the company, valued at approximately $1,728,932.09. This represents a 2.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by corporate insiders.

Gartner Stock Performance

Shares of NYSE IT traded up $8.16 during trading on Friday, reaching $427.76. The stock had a trading volume of 398,615 shares, compared to its average volume of 447,987. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market cap of $32.86 billion, a PE ratio of 26.68, a P/E/G ratio of 3.30 and a beta of 1.26. Gartner, Inc. has a one year low of $366.05 and a one year high of $584.01. The firm's 50 day moving average price is $429.83 and its two-hundred day moving average price is $485.71.

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, beating 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 firm had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.69 billion. During the same quarter in the previous year, the firm earned $3.04 earnings per share. The firm's revenue for the quarter was up 8.1% compared to the same quarter last year. On average, research analysts forecast that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently issued reports on IT. Morgan Stanley dropped their price target on shares of Gartner from $564.00 to $555.00 and set an "equal weight" rating on the stock in a research note on Thursday, January 16th. StockNews.com cut Gartner from a "buy" rating to a "hold" rating in a research note on Friday, March 21st. UBS Group reduced their price target on Gartner from $565.00 to $500.00 and set a "buy" rating for the company in a report on Tuesday, March 25th. 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 report on Thursday. Finally, Barclays reduced their target price on Gartner from $510.00 to $475.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target 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.