Gartner, Inc. (NYSE:IT) Shares Bought by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Gartner, Inc. (NYSE:IT - Free Report) by 6.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 77,820 shares of the information technology services provider's stock after buying an additional 4,900 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.10% of Gartner worth $33,271,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its stake in Gartner by 30.3% during the third quarter. Principal Financial Group Inc. now owns 1,565,046 shares of the information technology services provider's stock worth $537,766,000 after acquiring an additional 364,128 shares in the last quarter. American Century Companies Inc. boosted its stake in Gartner by 888.4% in the third quarter. American Century Companies Inc. now owns 300,106 shares of the information technology services provider's stock worth $103,119,000 after purchasing an additional 269,744 shares in the last quarter. Eagle Asset Management Inc. bought a new stake in shares of Gartner during the third quarter worth $83,588,000. Artisan Partners Limited Partnership acquired a new stake in shares of Gartner in the third quarter valued at $48,614,000. Finally, Mackenzie Financial Corp increased its stake in shares of Gartner by 26.3% in the fourth quarter. Mackenzie Financial Corp now owns 629,969 shares of the information technology services provider's stock valued at $284,185,000 after buying an additional 131,222 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

IT has been the subject of a number of analyst reports. StockNews.com lowered shares of Gartner from a "buy" rating to a "hold" rating in a report on Friday, May 10th. UBS Group decreased their price target on shares of Gartner from $550.00 to $510.00 and set a "buy" rating for the company in a report on Wednesday, May 1st. Deutsche Bank Aktiengesellschaft initiated coverage on Gartner in a research note on Tuesday, April 16th. They issued a "hold" rating and a $507.00 target price for the company. Morgan Stanley lifted their price objective on Gartner from $421.00 to $446.00 and gave the company an "equal weight" rating in a report on Tuesday, February 6th. Finally, Robert W. Baird lowered their target price on Gartner from $536.00 to $517.00 and set an "outperform" rating for the company in a research note on Wednesday, May 1st. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $474.50.

Insider Buying and Selling at Gartner

In other news, Director James C. Smith sold 10,000 shares of the firm's stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $459.68, for a total transaction of $4,596,800.00. Following the completion of the sale, the director now owns 623,235 shares in the company, valued at approximately $286,488,664.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, EVP Valentin Sribar sold 682 shares of the company's stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $453.00, for a total value of $308,946.00. Following the transaction, the executive vice president now directly owns 12,269 shares in the company, valued at $5,557,857. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James C. Smith sold 10,000 shares of Gartner stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $459.68, for a total transaction of $4,596,800.00. Following the completion of the sale, the director now owns 623,235 shares of the company's stock, valued at approximately $286,488,664.80. The disclosure for this sale can be found here. Insiders have sold 22,952 shares of company stock worth $10,598,070 over the last 90 days. Company insiders own 3.60% of the company's stock.

Gartner Stock Up 1.3 %

Shares of NYSE IT traded up $5.63 during midday trading on Thursday, reaching $447.78. The company's stock had a trading volume of 301,932 shares, compared to its average volume of 405,305. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 3.42. Gartner, Inc. has a fifty-two week low of $317.86 and a fifty-two week high of $486.54. The stock has a market capitalization of $34.76 billion, a price-to-earnings ratio of 44.00, a PEG ratio of 3.53 and a beta of 1.32. The stock has a 50 day simple moving average of $458.07 and a 200-day simple moving average of $446.37.

Gartner (NYSE:IT - Get Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The information technology services provider reported $2.93 EPS for the quarter, beating analysts' consensus estimates of $2.53 by $0.40. Gartner had a net margin of 13.35% and a return on equity of 141.55%. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter last year, the firm posted $2.88 EPS. The company's quarterly revenue was up 4.5% on a year-over-year basis. Equities research analysts predict that Gartner, Inc. will post 11.55 earnings per share for the current year.

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.