National Pension Service cut its stake in Gartner, Inc. (NYSE:IT – Free Report) by 0.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 112,619 shares of the information technology services provider’s stock after selling 113 shares during the quarter. National Pension Service owned 0.15% of Gartner worth $57,071,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Gartner by 0.7% in the first quarter. Vanguard Group Inc. now owns 8,974,760 shares of the information technology services provider’s stock worth $4,277,999,000 after purchasing an additional 60,786 shares during the last quarter. Principal Financial Group Inc. grew its position in Gartner by 22.0% during the second quarter. Principal Financial Group Inc. now owns 1,897,328 shares of the information technology services provider’s stock valued at $852,014,000 after buying an additional 341,911 shares during the period. Bessemer Group Inc. grew its position in Gartner by 1.3% during the first quarter. Bessemer Group Inc. now owns 609,945 shares of the information technology services provider’s stock valued at $290,742,000 after buying an additional 7,852 shares during the period. Sustainable Growth Advisers LP purchased a new stake in Gartner during the second quarter valued at approximately $266,541,000. Finally, Dimensional Fund Advisors LP raised its position in Gartner by 10.8% in the second quarter. Dimensional Fund Advisors LP now owns 585,026 shares of the information technology services provider’s stock worth $262,706,000 after acquiring an additional 56,908 shares during the period. 91.51% of the stock is owned by hedge funds and other institutional investors.
Gartner Price Performance
IT stock opened at $513.48 on Wednesday. The company has a debt-to-equity ratio of 3.80, a quick ratio of 0.90 and a current ratio of 0.90. The company’s fifty day moving average price is $509.34 and its 200-day moving average price is $472.61. Gartner, Inc. has a one year low of $382.27 and a one year high of $535.29. The company has a market capitalization of $39.57 billion, a PE ratio of 48.90, a price-to-earnings-growth ratio of 3.13 and a beta of 1.32.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Analysis on IT
Insider Buying and Selling at Gartner
In other Gartner news, EVP Akhil Jain sold 400 shares of Gartner stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $485.00, for a total value of $194,000.00. Following the sale, the executive vice president now owns 4,839 shares of the company’s stock, valued at $2,346,915. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, EVP Akhil Jain sold 400 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $485.00, for a total value of $194,000.00. Following the completion of the sale, the executive vice president now directly owns 4,839 shares of the company’s stock, valued at $2,346,915. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Craig Safian sold 6,310 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $483.57, for a total value of $3,051,326.70. Following the transaction, the chief financial officer now directly owns 71,544 shares in the company, valued at approximately $34,596,532.08. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 49,899 shares of company stock valued at $24,959,886 in the last 90 days. 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.
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