PGGM Investments Has $19.06 Million Position in Gartner, Inc. (NYSE:IT)

PGGM Investments lessened its stake in shares of Gartner, Inc. (NYSE:IT - Free Report) by 5.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 42,247 shares of the information technology services provider's stock after selling 2,459 shares during the period. PGGM Investments owned about 0.05% of Gartner worth $19,058,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. OFI Invest Asset Management bought a new position in Gartner in the third quarter worth approximately $25,000. BKM Wealth Management LLC bought a new position in Gartner in the fourth quarter worth approximately $26,000. MCF Advisors LLC bought a new position in Gartner in the fourth quarter worth approximately $27,000. VisionPoint Advisory Group LLC grew its holdings in Gartner by 254.2% in the third quarter. VisionPoint Advisory Group LLC now owns 85 shares of the information technology services provider's stock worth $29,000 after purchasing an additional 61 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC grew its holdings in Gartner by 357.9% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 87 shares of the information technology services provider's stock worth $30,000 after purchasing an additional 68 shares during the last quarter. Institutional investors own 91.51% of the company's stock.

Wall Street Analyst Weigh In

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

Gartner Stock Performance

IT traded up $2.47 during midday trading on Friday, hitting $448.78. 292,240 shares of the company were exchanged, compared to its average volume of 324,262. The company's 50 day simple moving average is $464.87 and its 200 day simple moving average is $437.88. The firm has a market capitalization of $34.99 billion, a price-to-earnings ratio of 40.58, a price-to-earnings-growth ratio of 4.10 and a beta of 1.29. 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, Inc. has a 1-year low of $293.73 and a 1-year high of $486.54.

Gartner (NYSE:IT - Get Free Report) last announced its quarterly earnings results on Tuesday, February 6th. The information technology services provider reported $3.04 earnings per share for the quarter, topping the consensus estimate of $2.83 by $0.21. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.59 billion. Gartner had a return on equity of 156.35% and a net margin of 14.94%. The firm's revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period last year, the firm earned $3.70 EPS. As a group, sell-side analysts predict that Gartner, Inc. will post 11.3 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Akhil Jain sold 250 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $464.55, for a total transaction of $116,137.50. Following the sale, the executive vice president now directly owns 5,239 shares of the company's stock, valued at approximately $2,433,777.45. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, EVP Akhil Jain sold 250 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $464.55, for a total transaction of $116,137.50. Following the sale, the executive vice president now directly owns 5,239 shares of the company's stock, valued at approximately $2,433,777.45. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director James C. Smith sold 5,000 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $455.00, for a total transaction of $2,275,000.00. Following the sale, the director now directly owns 638,235 shares in the company, valued at $290,396,925. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,952 shares of company stock valued at $10,598,070. Company insiders own 3.60% of the company's stock.

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.