National Pension Service Decreases Stock Holdings in Gartner, Inc. (NYSE:IT)

National Pension Service cut its stake in Gartner, Inc. (NYSE:IT) 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

A number of brokerages recently commented on IT. BMO Capital Markets raised their target price on Gartner from $450.00 to $510.00 and gave the stock a “market perform” rating in a report on Wednesday, July 31st. UBS Group increased their target price on shares of Gartner from $510.00 to $580.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Robert W. Baird lifted their price target on shares of Gartner from $517.00 to $565.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Wells Fargo & Company increased their price objective on shares of Gartner from $435.00 to $460.00 and gave the stock an “underweight” rating in a research note on Monday, October 14th. Finally, StockNews.com downgraded shares of Gartner from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Gartner presently has an average rating of “Hold” and a consensus target price of $532.86.

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.