New York State Common Retirement Fund Has $84.48 Million Stock Holdings in Gartner, Inc. (NYSE:IT)

New York State Common Retirement Fund trimmed its position in Gartner, Inc. (NYSE:ITFree Report) by 8.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 187,261 shares of the information technology services provider’s stock after selling 18,001 shares during the period. New York State Common Retirement Fund’s holdings in Gartner were worth $84,475,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Morgan Stanley raised its holdings in Gartner by 4.6% during the 3rd quarter. Morgan Stanley now owns 2,157,075 shares of the information technology services provider’s stock worth $741,193,000 after buying an additional 95,040 shares during the period. Principal Financial Group Inc. raised its holdings in Gartner by 30.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,565,046 shares of the information technology services provider’s stock worth $537,766,000 after buying an additional 364,128 shares during the period. Brown Advisory Inc. raised its holdings in Gartner by 13.9% during the 3rd quarter. Brown Advisory Inc. now owns 1,156,088 shares of the information technology services provider’s stock worth $397,243,000 after buying an additional 141,219 shares during the period. Invesco Ltd. raised its holdings in Gartner by 6.7% during the 3rd quarter. Invesco Ltd. now owns 740,957 shares of the information technology services provider’s stock worth $254,600,000 after buying an additional 46,425 shares during the period. Finally, Mackenzie Financial Corp raised its holdings in shares of Gartner by 26.3% in the fourth quarter. Mackenzie Financial Corp now owns 629,969 shares of the information technology services provider’s stock valued at $284,185,000 after purchasing an additional 131,222 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on IT. Deutsche Bank Aktiengesellschaft began coverage on shares of Gartner in a report on Tuesday, April 16th. They issued a “hold” rating and a $507.00 price objective on the stock. BMO Capital Markets lifted their price objective on shares of Gartner from $444.00 to $450.00 and gave the company a “market perform” rating in a report on Thursday, February 8th. StockNews.com downgraded shares of Gartner from a “buy” rating to a “hold” rating in a report on Saturday, February 10th. UBS Group upgraded shares of Gartner from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $484.00 to $550.00 in a report on Thursday, April 11th. Finally, Morgan Stanley lifted their price objective on shares of Gartner from $421.00 to $446.00 and gave the company an “equal weight” rating in a report on Tuesday, February 6th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $477.60.

Check Out Our Latest Research Report on IT

Insiders Place Their Bets

In other Gartner news, EVP Valentin Sribar sold 682 shares of Gartner stock in a transaction on Friday, February 16th. The shares were sold at an average price of $453.00, for a total transaction of $308,946.00. Following the completion of the transaction, the executive vice president now directly owns 12,269 shares of the company’s stock, valued at $5,557,857. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, EVP Claire Herkes sold 1,460 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $475.76, for a total value of $694,609.60. Following the completion of the sale, the executive vice president now owns 2,842 shares of the company’s stock, valued at $1,352,109.92. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Valentin Sribar sold 682 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $453.00, for a total transaction of $308,946.00. Following the completion of the sale, the executive vice president now directly owns 12,269 shares of the company’s stock, valued at approximately $5,557,857. The disclosure for this sale can be found here. Insiders sold a total of 22,952 shares of company stock valued at $10,598,070 over the last ninety days. 3.60% of the stock is currently owned by company insiders.

Gartner Stock Up 1.7 %

Shares of NYSE:IT traded up $7.47 during midday trading on Tuesday, hitting $450.53. The stock had a trading volume of 77,538 shares, compared to its average volume of 386,728. Gartner, Inc. has a 12 month low of $292.60 and a 12 month high of $486.54. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 3.60. The business’s 50-day simple moving average is $464.91 and its 200-day simple moving average is $436.38. The company has a market cap of $35.13 billion, a P/E ratio of 40.06, a PEG ratio of 4.02 and a beta of 1.29.

Gartner (NYSE:ITGet Free Report) last released its quarterly earnings data on Tuesday, February 6th. The information technology services provider reported $3.04 EPS for the quarter, topping analysts’ consensus estimates of $2.83 by $0.21. Gartner had a net margin of 14.94% and a return on equity of 156.35%. The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.59 billion. During the same period in the previous year, the business posted $3.70 earnings per share. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, sell-side analysts forecast that Gartner, Inc. will post 11.36 earnings per share for the current fiscal year.

Gartner Profile

(Free Report)

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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Institutional Ownership by Quarter for Gartner (NYSE:IT)

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