Nomura Asset Management Co. Ltd. raised its holdings in shares of Gartner Inc (NYSE:IT) by 6.3% in the 4th quarter, HoldingsChannel reports. The fund owned 13,080 shares of the information technology services provider’s stock after buying an additional 780 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Gartner were worth $1,672,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in IT. Signet Investment Advisory Group Inc. acquired a new stake in shares of Gartner in the 4th quarter valued at about $38,000. Exane Asset Management purchased a new stake in Gartner during the 4th quarter valued at approximately $78,000. Whittier Trust Co. raised its stake in Gartner by 142.3% during the 4th quarter. Whittier Trust Co. now owns 1,049 shares of the information technology services provider’s stock valued at $134,000 after acquiring an additional 616 shares during the last quarter. Quantamental Technologies LLC purchased a new stake in Gartner during the 4th quarter valued at approximately $135,000. Finally, Putnam Investments LLC purchased a new stake in Gartner during the 3rd quarter valued at approximately $211,000. 97.22% of the stock is owned by institutional investors and hedge funds.

In related news, EVP Robin B. Kranich sold 8,496 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $143.00, for a total value of $1,214,928.00. Following the completion of the transaction, the executive vice president now directly owns 11,989 shares of the company’s stock, valued at approximately $1,714,427. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Craig Safian sold 3,635 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $140.64, for a total value of $511,226.40. Following the completion of the transaction, the chief financial officer now directly owns 33,008 shares of the company’s stock, valued at $4,642,245.12. The disclosure for this sale can be found here. Over the last three months, insiders have sold 104,975 shares of company stock valued at $15,020,962. Company insiders own 4.00% of the company’s stock.

IT has been the subject of several analyst reports. Morgan Stanley reduced their price objective on Gartner from $144.00 to $134.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 8th. BMO Capital Markets downgraded Gartner from an “outperform” rating to a “market perform” rating and set a $139.30 price objective for the company. in a research note on Wednesday, February 6th. Bank of America reaffirmed a “buy” rating and set a $150.00 price objective on shares of Gartner in a research note on Wednesday, February 6th. Cantor Fitzgerald downgraded Gartner from an “overweight” rating to a “neutral” rating in a research note on Wednesday, February 6th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $156.00 price objective on shares of Gartner in a research note on Wednesday, February 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. Gartner presently has a consensus rating of “Hold” and an average price target of $142.81.

Shares of IT stock opened at $145.04 on Friday. The company has a market cap of $12.91 billion, a PE ratio of 38.27, a price-to-earnings-growth ratio of 2.51 and a beta of 1.31. Gartner Inc has a 12-month low of $114.40 and a 12-month high of $161.21. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 2.49.

Gartner (NYSE:IT) last issued its earnings results on Tuesday, February 5th. The information technology services provider reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.05). The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Gartner had a return on equity of 37.74% and a net margin of 3.08%. The business’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period last year, the company posted $1.17 earnings per share. On average, equities research analysts expect that Gartner Inc will post 3.97 earnings per share for the current year.

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Gartner Profile

Gartner, Inc operates as a research and advisory company. It operates through three segments: Research, Conferences, and Consulting. 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 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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