Gartner, Inc. (NYSE:IT) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lessened its position in shares of Gartner, Inc. (NYSE:IT - Free Report) by 8.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 187,261 shares of the information technology services provider's stock after selling 18,001 shares during the quarter. New York State Common Retirement Fund owned about 0.24% of Gartner worth $84,475,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. MCF Advisors LLC bought a new stake in shares of Gartner in the fourth quarter worth about $27,000. Handelsbanken Fonder AB increased its holdings in shares of Gartner by 37.5% in the fourth quarter. Handelsbanken Fonder AB now owns 18,534 shares of the information technology services provider's stock worth $8,361,000 after acquiring an additional 5,058 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Gartner by 3.8% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 7,664 shares of the information technology services provider's stock worth $3,457,000 after acquiring an additional 280 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd bought a new stake in shares of Gartner in the fourth quarter worth about $349,000. Finally, Signaturefd LLC increased its holdings in shares of Gartner by 3.5% in the fourth quarter. Signaturefd LLC now owns 1,207 shares of the information technology services provider's stock worth $544,000 after acquiring an additional 41 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company's stock.

Insider Transactions at Gartner

In other Gartner news, EVP Valentin Sribar sold 682 shares of the firm's stock in a transaction on Friday, February 16th. The stock was sold at an average price of $453.00, for a total transaction of $308,946.00. Following the transaction, the executive vice president now owns 12,269 shares in the company, valued at approximately $5,557,857. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Gartner news, EVP Valentin Sribar sold 682 shares of the firm's stock in a transaction on Friday, February 16th. The stock was sold at an average price of $453.00, for a total transaction of $308,946.00. Following the transaction, the executive vice president now owns 12,269 shares in the company, valued at approximately $5,557,857. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director James C. Smith sold 10,000 shares of the firm's stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $459.68, for a total value of $4,596,800.00. Following the transaction, the director now owns 623,235 shares in the company, valued at approximately $286,488,664.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,952 shares of company stock worth $10,598,070. Company insiders own 3.60% of the company's stock.

Gartner Stock Performance

Shares of IT traded up $7.19 during mid-day trading on Tuesday, reaching $450.25. The company's stock had a trading volume of 252,950 shares, compared to its average volume of 389,042. Gartner, Inc. has a 1-year low of $292.60 and a 1-year high of $486.54. The stock has a market cap of $35.11 billion, a P/E ratio of 40.71, a PEG ratio of 4.02 and a beta of 1.29. The business has a 50-day simple moving average of $464.91 and a two-hundred day simple moving average of $436.38. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 3.60.

Gartner (NYSE:IT - Get Free Report) last released its quarterly earnings data on Tuesday, February 6th. The information technology services provider reported $3.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.83 by $0.21. Gartner had a return on equity of 156.35% and a net margin of 14.94%. The company had revenue of $1.60 billion during the quarter, compared to analysts' expectations of $1.59 billion. During the same period last year, the firm posted $3.70 earnings per share. The business's revenue was up 6.3% on a year-over-year basis. As a group, equities research analysts anticipate that Gartner, Inc. will post 11.36 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on IT shares. StockNews.com cut Gartner from a "buy" rating to a "hold" rating in a research report on Saturday, February 10th. BMO Capital Markets upped their price objective on Gartner from $444.00 to $450.00 and gave the stock a "market perform" rating in a research report on Thursday, February 8th. Deutsche Bank Aktiengesellschaft started coverage on Gartner in a research report on Tuesday, April 16th. They set a "hold" rating and a $507.00 price objective for the company. UBS Group raised Gartner from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $484.00 to $550.00 in a research report on Thursday, April 11th. Finally, Morgan Stanley upped their price objective on Gartner from $421.00 to $446.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 6th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Gartner has a consensus rating of "Hold" and a consensus target price of $477.60.

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.