Gartner, Inc. (NYSE:IT) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System reduced its position in shares of Gartner, Inc. (NYSE:IT) by 0.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 463,145 shares of the information technology services provider’s stock after selling 561 shares during the period. California Public Employees Retirement System owned approximately 0.59% of Gartner worth $208,929,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Ronald Blue Trust Inc. increased its stake in Gartner by 140.2% in the 3rd quarter. Ronald Blue Trust Inc. now owns 257 shares of the information technology services provider’s stock worth $90,000 after purchasing an additional 150 shares in the last quarter. Global Retirement Partners LLC increased its stake in Gartner by 204.4% in the 3rd quarter. Global Retirement Partners LLC now owns 137 shares of the information technology services provider’s stock worth $48,000 after purchasing an additional 92 shares in the last quarter. HB Wealth Management LLC increased its stake in Gartner by 29.1% in the 3rd quarter. HB Wealth Management LLC now owns 1,046 shares of the information technology services provider’s stock worth $359,000 after purchasing an additional 236 shares in the last quarter. RFG Advisory LLC increased its stake in Gartner by 23.5% in the 3rd quarter. RFG Advisory LLC now owns 1,158 shares of the information technology services provider’s stock worth $398,000 after purchasing an additional 220 shares in the last quarter. Finally, Flagship Harbor Advisors LLC purchased a new position in Gartner in the 3rd quarter worth about $212,000. 91.51% of the stock is owned by institutional investors and hedge funds.

Gartner Stock Up 1.5 %

Shares of Gartner stock traded up $6.45 during trading on Tuesday, hitting $449.51. 38,260 shares of the stock traded hands, compared to its average volume of 386,209. The stock has a market cap of $35.05 billion, a P/E ratio of 40.06, a PEG ratio of 4.02 and a beta of 1.29. The company has a debt-to-equity ratio of 3.60, a quick ratio of 0.91 and a current ratio of 0.91. Gartner, Inc. has a twelve month low of $292.60 and a twelve month high of $486.54. The company has a fifty day moving average price of $464.91 and a two-hundred day moving average price of $436.38.

Gartner (NYSE:IT) last announced its quarterly earnings results on Tuesday, February 6th. The information technology services provider reported $3.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.83 by $0.21. The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.59 billion. Gartner had a return on equity of 156.35% and a net margin of 14.94%. The firm’s revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the company earned $3.70 EPS. Equities research analysts predict that Gartner, Inc. will post 11.36 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Claire Herkes sold 1,460 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $475.76, for a total value of $694,609.60. Following the completion of the sale, the executive vice president now directly owns 2,842 shares in the company, valued at approximately $1,352,109.92. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director James C. Smith sold 5,000 shares of the business’s stock in a transaction that occurred on 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Claire Herkes sold 1,460 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $475.76, for a total value of $694,609.60. Following the completion of the sale, the executive vice president now directly owns 2,842 shares in the company, valued at approximately $1,352,109.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,952 shares of company stock worth $10,598,070. 3.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on IT shares. Morgan Stanley lifted their price target on Gartner from $421.00 to $446.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 6th. StockNews.com lowered Gartner from a “buy” rating to a “hold” rating in a research report on Saturday, February 10th. Deutsche Bank Aktiengesellschaft began 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. BMO Capital Markets raised 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. Finally, UBS Group upgraded Gartner from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $484.00 to $550.00 in a research 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’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average 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.