New York Life Investment Management LLC decreased its position in shares of Gartner, Inc. (NYSE:IT – Free Report) by 0.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,139 shares of the information technology services provider’s stock after selling 50 shares during the quarter. New York Life Investment Management LLC’s holdings in Gartner were worth $5,476,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in IT. Principal Financial Group Inc. lifted its stake in shares of Gartner by 30.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,565,046 shares of the information technology services provider’s stock worth $537,766,000 after purchasing an additional 364,128 shares during the last quarter. American Century Companies Inc. boosted its stake in Gartner by 888.4% in the third quarter. American Century Companies Inc. now owns 300,106 shares of the information technology services provider’s stock valued at $103,119,000 after acquiring an additional 269,744 shares in the last quarter. Eagle Asset Management Inc. purchased a new position in Gartner during the 3rd quarter worth $83,588,000. Allspring Global Investments Holdings LLC boosted its holdings in Gartner by 384.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 201,553 shares of the information technology services provider’s stock worth $69,257,000 after acquiring an additional 159,989 shares in the last quarter. Finally, Artisan Partners Limited Partnership purchased a new stake in shares of Gartner during the third quarter worth about $48,614,000. 91.51% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In related news, EVP Akhil Jain sold 250 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $464.55, for a total transaction of $116,137.50. Following the completion of the transaction, the executive vice president now owns 5,239 shares of the company’s stock, valued at approximately $2,433,777.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Akhil Jain sold 250 shares of the stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $464.55, for a total transaction of $116,137.50. Following the transaction, the executive vice president now owns 5,239 shares of the company’s stock, valued at approximately $2,433,777.45. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Yvonne Genovese sold 560 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $457.37, for a total transaction of $256,127.20. Following the sale, the executive vice president now owns 2,398 shares in the company, valued at $1,096,773.26. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,952 shares of company stock valued at $10,598,070. 3.60% of the stock is currently owned by insiders.
Analyst Ratings Changes
Check Out Our Latest Research Report on IT
Gartner Stock Performance
NYSE:IT opened at $428.64 on Friday. The company has a market cap of $33.42 billion, a P/E ratio of 42.65, a P/E/G ratio of 3.36 and a beta of 1.32. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 3.42. Gartner, Inc. has a twelve month low of $295.43 and a twelve month high of $486.54. The company’s 50-day moving average price is $462.52 and its 200-day moving average price is $440.27.
Gartner (NYSE:IT – Get Free Report) last issued its earnings results on Tuesday, April 30th. The information technology services provider reported $2.93 EPS for the quarter, topping analysts’ consensus estimates of $2.53 by $0.40. Gartner had a net margin of 13.35% and a return on equity of 141.55%. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the previous year, the firm earned $2.88 earnings per share. Gartner’s quarterly revenue was up 4.5% compared to the same quarter last year. On average, sell-side analysts forecast that Gartner, Inc. will post 11.55 earnings per share for the current fiscal year.
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.
See Also
- Five stocks we like better than Gartner
- 3 Best Fintech Stocks for a Portfolio Boost
- MarketBeat Week in Review – 4/29 – 5/3
- How to invest in blue chip stocks
- Apple’s Earnings Show Investors Its Strength and Its Weakness
- Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?
- Bargain Alert: 3 Large Caps With Extremely Oversold RSIs
Want to see what other hedge funds are holding IT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gartner, Inc. (NYSE:IT – Free Report).
Receive News & Ratings for Gartner Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gartner and related companies with MarketBeat.com's FREE daily email newsletter.