Dai ichi Life Insurance Company Ltd Has $4.38 Million Stake in Gartner, Inc. (NYSE:IT)

Dai ichi Life Insurance Company Ltd lowered its position in Gartner, Inc. (NYSE:IT) by 4.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,701 shares of the information technology services provider’s stock after selling 500 shares during the period. Dai ichi Life Insurance Company Ltd’s holdings in Gartner were worth $4,376,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Morgan Stanley grew its holdings in shares of Gartner by 4.6% during the third quarter. Morgan Stanley now owns 2,157,075 shares of the information technology services provider’s stock worth $741,193,000 after purchasing an additional 95,040 shares during the last quarter. Brown Advisory Inc. lifted its holdings in shares of Gartner by 4.6% in the fourth quarter. Brown Advisory Inc. now owns 1,208,914 shares of the information technology services provider’s stock valued at $545,353,000 after purchasing an additional 52,826 shares in the last quarter. Franklin Resources Inc. increased its stake in Gartner by 18.5% in the 4th quarter. Franklin Resources Inc. now owns 920,716 shares of the information technology services provider’s stock valued at $415,344,000 after buying an additional 143,556 shares during the last quarter. Norges Bank bought a new stake in Gartner during the 4th quarter worth about $388,781,000. Finally, Invesco Ltd. grew its holdings in shares of Gartner by 6.7% in the 3rd quarter. Invesco Ltd. now owns 740,957 shares of the information technology services provider’s stock valued at $254,600,000 after acquiring an additional 46,425 shares in the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Gartner

In other Gartner news, 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 transaction of $694,609.60. Following the sale, the executive vice president now owns 2,842 shares of the company’s stock, valued at $1,352,109.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Gartner news, EVP Claire Herkes sold 1,460 shares of Gartner stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $475.76, for a total transaction of $694,609.60. Following the transaction, the executive vice president now directly owns 2,842 shares of the company’s stock, valued at approximately $1,352,109.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Yvonne Genovese sold 439 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $456.13, for a total value of $200,241.07. Following the transaction, the executive vice president now owns 1,959 shares of the company’s stock, valued at $893,558.67. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,709 shares of company stock valued at $12,766,365. 3.60% of the stock is currently owned by insiders.

Gartner Stock Performance

Shares of IT stock traded down $1.60 on Thursday, hitting $450.33. The company’s stock had a trading volume of 18,608 shares, compared to its average volume of 398,215. Gartner, Inc. has a fifty-two week low of $323.61 and a fifty-two week high of $486.54. The company has a market capitalization of $34.96 billion, a PE ratio of 44.94, a PEG ratio of 3.93 and a beta of 1.32. The stock’s 50 day moving average is $456.15 and its 200-day moving average is $450.13. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.91 and a current ratio of 0.91.

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

Wall Street Analysts Forecast Growth

IT has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft started coverage on Gartner in a research note on Tuesday, April 16th. They issued a “hold” rating and a $507.00 price target for the company. StockNews.com raised shares of Gartner from a “hold” rating to a “buy” rating in a research report on Saturday, May 18th. BMO Capital Markets lowered their price objective on shares of Gartner from $450.00 to $432.00 and set a “market perform” rating on the stock in a research note on Thursday, May 2nd. Morgan Stanley raised their target price on shares of Gartner from $421.00 to $446.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 6th. Finally, UBS Group dropped their price objective on Gartner from $550.00 to $510.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Gartner presently has a consensus rating of “Moderate Buy” and a consensus target price of $474.50.

Gartner 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.