PGGM Investments Sells 2,459 Shares of Gartner, Inc. (NYSE:IT)

PGGM Investments decreased its holdings in Gartner, Inc. (NYSE:IT) by 5.5% during the 4th quarter, HoldingsChannel reports. The firm owned 42,247 shares of the information technology services provider’s stock after selling 2,459 shares during the quarter. PGGM Investments’ holdings in Gartner were worth $19,058,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Truist Financial Corp boosted its holdings in shares of Gartner by 4.3% during the 4th quarter. Truist Financial Corp now owns 22,871 shares of the information technology services provider’s stock valued at $10,317,000 after acquiring an additional 945 shares in the last quarter. Motley Fool Asset Management LLC boosted its holdings in shares of Gartner by 42.2% during the 4th quarter. Motley Fool Asset Management LLC now owns 2,360 shares of the information technology services provider’s stock valued at $1,065,000 after acquiring an additional 700 shares in the last quarter. Stevens Capital Management LP acquired a new stake in shares of Gartner during the 4th quarter valued at $530,000. Syon Capital LLC boosted its holdings in shares of Gartner by 6.1% during the 4th quarter. Syon Capital LLC now owns 933 shares of the information technology services provider’s stock valued at $421,000 after acquiring an additional 54 shares in the last quarter. Finally, Pittenger & Anderson Inc. boosted its holdings in shares of Gartner by 1,833.3% during the 4th quarter. Pittenger & Anderson Inc. now owns 580 shares of the information technology services provider’s stock valued at $262,000 after acquiring an additional 550 shares in the last quarter. Institutional investors own 91.51% of the company’s stock.

Insider Activity at Gartner

In other Gartner news, EVP Valentin Sribar sold 682 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Gartner news, EVP Claire Herkes sold 1,460 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $475.76, for a total transaction of $694,609.60. Following the completion of the sale, the executive vice president now directly owns 2,842 shares of the company’s stock, valued at approximately $1,352,109.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Valentin Sribar sold 682 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $453.00, for a total value of $308,946.00. Following the completion of the transaction, the executive vice president now owns 12,269 shares in the company, valued at approximately $5,557,857. The disclosure for this sale can be found here. Insiders sold 22,952 shares of company stock valued at $10,598,070 in the last three months. Corporate insiders own 3.60% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Gartner Stock Up 0.6 %

Gartner stock traded up $2.47 during midday trading on Friday, reaching $448.78. The stock had a trading volume of 292,240 shares, compared to its average volume of 324,262. Gartner, Inc. has a 12 month low of $293.73 and a 12 month high of $486.54. The company has a market capitalization of $34.99 billion, a P/E ratio of 40.58, a PEG ratio of 4.10 and a beta of 1.29. The company has a fifty day moving average price of $464.87 and a two-hundred day moving average price of $437.88. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 3.60.

Gartner (NYSE:IT) last issued its earnings results on Tuesday, February 6th. The information technology services provider reported $3.04 EPS for the quarter, beating analysts’ consensus estimates of $2.83 by $0.21. Gartner had a return on equity of 156.35% and a net margin of 14.94%. The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.59 billion. During the same period in the previous year, the company posted $3.70 EPS. The firm’s revenue was up 6.3% compared to the same quarter last year. As a group, equities analysts expect that Gartner, Inc. will post 11.3 EPS for the current fiscal year.

About Gartner

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.