Public Employees Retirement System of Ohio boosted its position in Gartner, Inc. (NYSE:IT) by 0.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 108,511 shares of the information technology services provider’s stock after buying an additional 70 shares during the period. Public Employees Retirement System of Ohio’s holdings in Gartner were worth $11,718,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in IT. Trexquant Investment LP increased its position in Gartner by 6.6% in the fourth quarter. Trexquant Investment LP now owns 3,199 shares of the information technology services provider’s stock worth $323,000 after buying an additional 199 shares during the period. Brown Advisory Inc. boosted its position in shares of Gartner by 5.2% in the fourth quarter. Brown Advisory Inc. now owns 7,242 shares of the information technology services provider’s stock worth $731,000 after buying an additional 361 shares in the last quarter. Credit Agricole S A boosted its position in shares of Gartner by 2.7% in the fourth quarter. Credit Agricole S A now owns 21,431 shares of the information technology services provider’s stock worth $2,166,000 after buying an additional 563 shares in the last quarter. Menta Capital LLC bought a new position in shares of Gartner during the fourth quarter worth approximately $348,000. Finally, A.R.T. Advisors LLC bought a new position in shares of Gartner during the fourth quarter worth approximately $1,435,000. Hedge funds and other institutional investors own 88.01% of the company’s stock.
Gartner, Inc. (NYSE IT) traded down 0.28% during midday trading on Tuesday, reaching $123.25. The company’s stock had a trading volume of 89,687 shares. Gartner, Inc. has a one year low of $84.54 and a one year high of $124.37. The stock has a market cap of $11.15 billion, a price-to-earnings ratio of 56.02 and a beta of 1.05. The stock’s 50 day moving average price is $117.05 and its 200-day moving average price is $107.87.
Gartner (NYSE:IT) last posted its earnings results on Thursday, May 4th. The information technology services provider reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by $0.01. Gartner had a return on equity of 954.04% and a net margin of 7.22%. The firm had revenue of $625.17 million for the quarter, compared to analysts’ expectations of $612.84 million. During the same period in the previous year, the company earned $0.67 earnings per share. The company’s revenue was up 12.2% compared to the same quarter last year. On average, analysts forecast that Gartner, Inc. will post $3.48 EPS for the current fiscal year.
A number of brokerages recently commented on IT. Royal Bank Of Canada reaffirmed a “top pick” rating and issued a $130.00 target price (up from $124.00) on shares of Gartner in a report on Monday, May 1st. BMO Capital Markets raised their target price on Gartner from $110.00 to $128.00 and gave the stock an “outperform” rating in a report on Monday, May 1st. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a $115.00 target price on shares of Gartner in a report on Tuesday, April 25th. Morgan Stanley raised their target price on Gartner from $106.00 to $112.00 and gave the stock an “equal weight” rating in a report on Monday, May 8th. Finally, Zacks Investment Research raised Gartner from a “hold” rating to a “buy” rating and set a $127.00 target price on the stock in a report on Tuesday, May 9th. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Gartner currently has a consensus rating of “Buy” and an average target price of $118.36.
In other news, SVP Alwyn Dawkins sold 1,400 shares of the stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $116.05, for a total transaction of $162,470.00. Following the sale, the senior vice president now directly owns 29,085 shares of the company’s stock, valued at approximately $3,375,314.25. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Karen E. Dykstra sold 2,500 shares of the stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $120.61, for a total transaction of $301,525.00. Following the sale, the director now directly owns 18,223 shares in the company, valued at $2,197,876.03. The disclosure for this sale can be found here. Over the last three months, insiders have sold 49,297 shares of company stock worth $5,793,254. Corporate insiders own 4.40% of the company’s stock.
Gartner Company Profile
Gartner, Inc is an information technology research and advisory company. The Company works with clients to research, analyze and interpret the business of information technology (IT), supply chain and marketing within the context of their individual roles. It operates in three segments: Research, Consulting and Events.
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