Public Employees Retirement System of Ohio decreased its position in shares of Gartner Inc (NYSE:IT) by 1.8% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 86,801 shares of the information technology services provider’s stock after selling 1,618 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Gartner were worth $11,536,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Piedmont Investment Advisors LLC acquired a new position in Gartner during the second quarter worth about $137,000. Federated Investors Inc. PA acquired a new position in Gartner during the second quarter worth about $153,000. Cornerstone Wealth Management LLC acquired a new position in Gartner during the second quarter worth about $159,000. Advisors Asset Management Inc. raised its stake in Gartner by 1,662.7% during the second quarter. Advisors Asset Management Inc. now owns 23,920 shares of the information technology services provider’s stock worth $167,000 after acquiring an additional 22,563 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in Gartner during the second quarter worth about $201,000. 96.80% of the stock is owned by institutional investors and hedge funds.

In related news, EVP Robin B. Kranich sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $140.09, for a total value of $560,360.00. Following the sale, the executive vice president now directly owns 16,916 shares in the company, valued at $2,369,762.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Alwyn Dawkins sold 566 shares of the company’s stock in a transaction that occurred on Monday, August 13th. The shares were sold at an average price of $139.69, for a total value of $79,064.54. Following the completion of the sale, the executive vice president now owns 30,254 shares in the company, valued at $4,226,181.26. The disclosure for this sale can be found here. Insiders sold 55,306 shares of company stock valued at $7,795,227 in the last ninety days. 4.00% of the stock is currently owned by insiders.

Several research analysts have commented on the company. Piper Jaffray Companies reissued a “hold” rating and set a $116.00 target price on shares of Gartner in a research note on Thursday, August 2nd. ValuEngine downgraded Gartner from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. TheStreet raised Gartner from a “c” rating to a “b” rating in a research note on Wednesday, August 1st. Barclays reaffirmed a “buy” rating and issued a $155.00 price objective on shares of Gartner in a research note on Sunday, August 12th. Finally, Morgan Stanley reaffirmed a “hold” rating and issued a $149.00 price objective (up previously from $142.00) on shares of Gartner in a research note on Thursday, September 13th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $143.73.

Gartner stock opened at $157.01 on Tuesday. Gartner Inc has a 1 year low of $111.57 and a 1 year high of $159.92. The company has a debt-to-equity ratio of 2.33, a current ratio of 0.64 and a quick ratio of 0.64. The company has a market capitalization of $14.39 billion, a PE ratio of 47.44, a PEG ratio of 2.82 and a beta of 1.19.

Gartner (NYSE:IT) last released its quarterly earnings data on Wednesday, August 1st. The information technology services provider reported $1.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.07. Gartner had a return on equity of 35.04% and a net margin of 2.25%. The company had revenue of $1 billion during the quarter, compared to the consensus estimate of $985.98 million. During the same quarter in the prior year, the firm posted $0.88 earnings per share. The firm’s revenue was up 18.7% compared to the same quarter last year. sell-side analysts predict that Gartner Inc will post 3.75 EPS for the current fiscal year.

About Gartner

Gartner, Inc operates as a research and advisory company. It operates through four segments: Research, Consulting, Events, and Talent Assessment & Other. The Research segment offers objective insights and advice on the priorities of various leaders in a range of functional areas of the enterprise through research and other reports, briefings, proprietary tools, access to our analysts, peer networking services, and membership programs that enable clients to make better decisions; and practice and talent management research insights in various business functions, such as human resources, sales, legal, and finance.

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Institutional Ownership by Quarter for Gartner (NYSE:IT)

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