Gartner, Inc. (NYSE:IT) Shares Sold by Artemis Investment Management LLP

Artemis Investment Management LLP lowered its stake in shares of Gartner, Inc. (NYSE:IT) by 4.8% during the fourth quarter, Holdings Channel reports. The fund owned 115,766 shares of the information technology services provider’s stock after selling 5,776 shares during the period. Artemis Investment Management LLP’s holdings in Gartner were worth $56,085,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of IT. State Street Corp boosted its stake in shares of Gartner by 1.1% in the 3rd quarter. State Street Corp now owns 3,257,355 shares of the information technology services provider’s stock valued at $1,650,697,000 after buying an additional 36,258 shares during the period. Geode Capital Management LLC increased its holdings in Gartner by 1.9% in the third quarter. Geode Capital Management LLC now owns 2,018,358 shares of the information technology services provider’s stock valued at $1,020,378,000 after buying an additional 36,698 shares during the last quarter. Principal Financial Group Inc. raised its stake in Gartner by 5.5% in the third quarter. Principal Financial Group Inc. now owns 2,001,142 shares of the information technology services provider’s stock valued at $1,014,099,000 after buying an additional 103,814 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Gartner by 7.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,036,530 shares of the information technology services provider’s stock worth $525,272,000 after acquiring an additional 70,236 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in Gartner by 3.3% during the third quarter. Franklin Resources Inc. now owns 801,589 shares of the information technology services provider’s stock worth $422,678,000 after purchasing an additional 25,315 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Gartner

In other news, EVP Claire Herkes sold 411 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $521.24, for a total value of $214,229.64. Following the completion of the transaction, the executive vice president now owns 1,494 shares in the company, valued at $778,732.56. This trade represents a 21.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP William James Wartinbee III sold 189 shares of the firm’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $523.54, for a total transaction of $98,949.06. Following the completion of the sale, the executive vice president now owns 7,311 shares of the company’s stock, valued at $3,827,600.94. This trade represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 35,583 shares of company stock valued at $19,241,974. 3.60% of the stock is owned by corporate insiders.

Gartner Stock Performance

NYSE:IT opened at $516.34 on Friday. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market cap of $39.83 billion, a price-to-earnings ratio of 38.08, a price-to-earnings-growth ratio of 2.72 and a beta of 1.33. The firm’s fifty day moving average price is $507.49 and its 200 day moving average price is $498.39. Gartner, Inc. has a 1-year low of $411.15 and a 1-year high of $559.00.

Gartner (NYSE:IT) last released its earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 EPS for the quarter, topping the consensus estimate of $2.45 by $0.05. Gartner had a net margin of 17.33% and a return on equity of 118.27%. The company had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter last year, the business earned $2.56 EPS. The business’s revenue was up 5.4% on a year-over-year basis. On average, sell-side analysts expect that Gartner, Inc. will post 11.87 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Robert W. Baird upped their target price on shares of Gartner from $565.00 to $590.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. StockNews.com cut Gartner from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Barclays raised Gartner from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $525.00 to $600.00 in a research report on Friday, January 10th. Wells Fargo & Company decreased their price objective on Gartner from $470.00 to $460.00 and set an “underweight” rating for the company in a report on Friday, January 10th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Gartner from $529.00 to $531.00 and gave the company a “hold” rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Gartner presently has an average rating of “Hold” and an average target price of $550.75.

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.