Gartner, Inc. (NYSE:IT) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System lowered its position in Gartner, Inc. (NYSE:IT) by 4.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 4,100 shares of the information technology services provider’s stock after selling 200 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Gartner were worth $1,986,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in IT. State Street Corp increased its position 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 valued at $1,650,697,000 after acquiring an additional 36,258 shares during the period. Geode Capital Management LLC increased its holdings in shares of Gartner by 1.9% during 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 purchasing an additional 36,698 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Gartner by 5.5% during 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 purchasing an additional 103,814 shares during the period. JPMorgan Chase & Co. raised its stake in shares of 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 valued at $525,272,000 after purchasing an additional 70,236 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in Gartner by 3.3% in 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 period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insider Buying and Selling

In other Gartner 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 completion of the sale, the senior vice president now directly owns 3,259 shares in the company, valued at approximately $1,728,932.09. This trade represents a 2.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director James C. Smith sold 5,000 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $524.02, for a total value of $2,620,100.00. Following the completion of the transaction, the director now owns 509,457 shares in the company, valued at $266,965,657.14. This represents a 0.97 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,690 shares of company stock valued at $2,981,025. Company insiders own 3.60% of the company’s stock.

Gartner Stock Down 0.4 %

Shares of Gartner stock opened at $515.34 on Friday. Gartner, Inc. has a 12-month low of $411.15 and a 12-month high of $584.01. The firm has a market capitalization of $39.75 billion, a PE ratio of 32.15, a price-to-earnings-growth ratio of 3.50 and a beta of 1.34. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.31. The stock’s fifty day moving average is $510.09 and its 200-day moving average is $508.32.

Gartner (NYSE:IT) last posted its quarterly earnings data on Tuesday, February 4th. The information technology services provider reported $5.45 EPS for the quarter, beating analysts’ consensus estimates of $3.22 by $2.23. The company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.69 billion. Gartner had a net margin of 20.00% and a return on equity of 136.32%. The business’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the firm earned $3.04 earnings per share. Equities analysts anticipate that Gartner, Inc. will post 12.5 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on IT. Morgan Stanley dropped their price target on shares of Gartner from $564.00 to $555.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 16th. Barclays raised Gartner from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $525.00 to $600.00 in a report on Friday, January 10th. StockNews.com raised Gartner from a “hold” rating to a “buy” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft boosted their price objective on Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a research note on Wednesday, November 6th. Finally, Robert W. Baird raised their target price on Gartner from $579.00 to $605.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $552.63.

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.