Mitsubishi UFJ Trust & Banking Corp Has $21.07 Million Stock Position in Gartner, Inc. (NYSE:IT)

Mitsubishi UFJ Trust & Banking Corp lessened its holdings in shares of Gartner, Inc. (NYSE:IT) by 30.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 44,195 shares of the information technology services provider’s stock after selling 18,916 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Gartner were worth $21,068,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. BKM Wealth Management LLC acquired a new position in shares of Gartner during the fourth quarter worth $26,000. Frazier Financial Advisors LLC acquired a new position in shares of Gartner during the fourth quarter worth $27,000. MCF Advisors LLC acquired a new position in shares of Gartner during the fourth quarter worth $27,000. AdvisorNet Financial Inc lifted its holdings in shares of Gartner by 59.5% during the fourth quarter. AdvisorNet Financial Inc now owns 67 shares of the information technology services provider’s stock worth $30,000 after purchasing an additional 25 shares during the period. Finally, DSM Capital Partners LLC acquired a new position in shares of Gartner during the fourth quarter worth $32,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insider Transactions at Gartner

In other news, Director James C. Smith sold 10,000 shares of the business’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $439.29, for a total transaction of $4,392,900.00. Following the completion of the sale, the director now directly owns 599,074 shares of the company’s stock, valued at $263,167,217.46. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, Director James C. Smith sold 10,000 shares of the business’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $439.29, for a total transaction of $4,392,900.00. Following the completion of the sale, the director now directly owns 599,074 shares of the company’s stock, valued at $263,167,217.46. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Yvonne Genovese sold 439 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $456.13, for a total transaction of $200,241.07. Following the transaction, the executive vice president now owns 1,959 shares in the company, valued at $893,558.67. The disclosure for this sale can be found here. Insiders sold a total of 22,544 shares of company stock valued at $10,079,813 over the last three months. Corporate insiders own 3.60% of the company’s stock.

Wall Street Analysts Forecast Growth

IT has been the topic of several recent analyst reports. StockNews.com lowered shares of Gartner from a “buy” rating to a “hold” rating in a report on Wednesday. BMO Capital Markets dropped their target price on shares of Gartner from $450.00 to $432.00 and set a “market perform” rating on the stock in a report on Thursday, May 2nd. Morgan Stanley boosted their target price on shares of Gartner from $440.00 to $470.00 and gave the company an “equal weight” rating in a report on Thursday, July 11th. Robert W. Baird dropped their target price on shares of Gartner from $536.00 to $517.00 and set an “outperform” rating on the stock in a report on Wednesday, May 1st. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Gartner in a report on Tuesday, April 16th. They issued a “hold” rating and a $507.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $478.50.

Gartner Stock Down 0.2 %

IT traded down $0.72 during midday trading on Friday, hitting $458.55. The company had a trading volume of 242,952 shares, compared to its average volume of 329,669. Gartner, Inc. has a 52 week low of $323.61 and a 52 week high of $486.54. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 3.42. The company has a market capitalization of $35.60 billion, a price-to-earnings ratio of 45.63, a PEG ratio of 4.01 and a beta of 1.33. The stock’s 50 day moving average price is $443.64 and its 200 day moving average price is $452.56.

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

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.