Nisa Investment Advisors LLC Has $8.87 Million Stock Holdings in Gartner, Inc. (NYSE:IT)

Nisa Investment Advisors LLC lowered its position in shares of Gartner, Inc. (NYSE:IT) by 8.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,309 shares of the information technology services provider’s stock after selling 1,771 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Gartner were worth $8,870,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. State Street Corp raised its stake in 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 worth $1,650,697,000 after purchasing an additional 36,258 shares in the last quarter. Geode Capital Management LLC raised its position in shares of 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 in the last quarter. Principal Financial Group Inc. boosted its stake in shares of 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 during the period. JPMorgan Chase & Co. grew its position in Gartner by 7.3% during the third quarter. JPMorgan Chase & Co. now owns 1,036,530 shares of the information technology services provider’s stock worth $525,272,000 after buying an additional 70,236 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in Gartner by 3.3% during the 3rd quarter. Franklin Resources Inc. now owns 801,589 shares of the information technology services provider’s stock worth $422,678,000 after acquiring an additional 25,315 shares during the period. Institutional investors own 91.51% of the company’s stock.

Insider Activity

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

Gartner Stock Down 0.2 %

Shares of NYSE:IT opened at $523.63 on Friday. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.02. Gartner, Inc. has a 52-week low of $411.15 and a 52-week high of $559.00. The company has a market capitalization of $40.39 billion, a PE ratio of 38.62, a price-to-earnings-growth ratio of 2.92 and a beta of 1.33. The company has a fifty day moving average of $505.78 and a 200-day moving average of $499.91.

Gartner (NYSE:IT) last announced its quarterly earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $2.45 by $0.05. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.48 billion. Gartner had a return on equity of 118.27% and a net margin of 17.33%. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period last year, the firm posted $2.56 earnings per share. On average, equities analysts predict that Gartner, Inc. will post 11.87 EPS for the current fiscal year.

Analyst Ratings Changes

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

Gartner Company 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.