Achmea Investment Management B.V. Has $10.82 Million Holdings in Gartner, Inc. (NYSE:IT)

Achmea Investment Management B.V. cut its position in shares of Gartner, Inc. (NYSE:IT) by 1.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,337 shares of the information technology services provider’s stock after selling 268 shares during the period. Achmea Investment Management B.V.’s holdings in Gartner were worth $10,822,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in Gartner during the fourth quarter worth $165,476,000. Fisher Funds Management LTD bought a new position in shares of Gartner during the 4th quarter worth about $97,518,000. Proficio Capital Partners LLC acquired a new stake in shares of Gartner during the 4th quarter valued at about $95,762,000. Assenagon Asset Management S.A. increased its stake in Gartner by 208.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 272,267 shares of the information technology services provider’s stock valued at $131,905,000 after acquiring an additional 183,974 shares during the period. Finally, Amundi raised its position in Gartner by 64.5% in the fourth quarter. Amundi now owns 361,288 shares of the information technology services provider’s stock worth $178,997,000 after purchasing an additional 141,680 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

IT has been the topic of a number of recent research reports. Wells Fargo & Company decreased their price objective on Gartner from $470.00 to $460.00 and set an “underweight” rating on the stock in a report on Friday, January 10th. Robert W. Baird boosted their price target on Gartner from $579.00 to $605.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. The Goldman Sachs Group reiterated a “buy” rating on shares of Gartner in a research note on Tuesday, February 4th. Barclays upgraded shares of Gartner from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $525.00 to $600.00 in a research note on Friday, January 10th. Finally, Morgan Stanley lowered their target price on shares of Gartner from $564.00 to $555.00 and set an “equal weight” rating on the stock in a report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Gartner currently has an average rating of “Moderate Buy” and a consensus price target of $552.63.

Gartner Stock Performance

Shares of NYSE:IT opened at $451.83 on Friday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market cap of $34.71 billion, a PE ratio of 28.19, a price-to-earnings-growth ratio of 3.30 and a beta of 1.29. Gartner, Inc. has a twelve month low of $411.15 and a twelve month high of $584.01. The business has a fifty day moving average of $508.71 and a 200-day moving average of $509.85.

Gartner (NYSE:IT) last released its earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 EPS for the quarter, beating the consensus estimate of $3.22 by $2.23. The company had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.69 billion. Gartner had a return on equity of 116.56% and a net margin of 20.00%. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period last year, the firm earned $3.04 EPS. On average, equities research analysts predict that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Insider Activity at Gartner

In other news, SVP John J. Rinello sold 90 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $530.51, for a total transaction of $47,745.90. Following the sale, the senior vice president now owns 3,259 shares of the company’s stock, valued at $1,728,932.09. This trade represents a 2.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Eileen Serra sold 1,200 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $489.77, for a total transaction of $587,724.00. Following the sale, the director now owns 1,627 shares in the company, valued at $796,855.79. This trade represents a 42.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by company insiders.

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.