Gartner, Inc. (NYSE:IT) Shares Acquired by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund lifted its stake in shares of Gartner, Inc. (NYSE:IT) by 0.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,617 shares of the information technology services provider’s stock after purchasing an additional 40 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Gartner were worth $3,206,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of IT. Kestra Investment Management LLC purchased a new stake in Gartner in the 4th quarter valued at approximately $29,000. Ashton Thomas Securities LLC acquired a new stake in shares of Gartner in the 3rd quarter valued at approximately $44,000. True Wealth Design LLC lifted its holdings in shares of Gartner by 2,350.0% in the 3rd quarter. True Wealth Design LLC now owns 98 shares of the information technology services provider’s stock valued at $50,000 after buying an additional 94 shares during the period. Capital Performance Advisors LLP purchased a new stake in shares of Gartner in the third quarter valued at approximately $77,000. Finally, E Fund Management Hong Kong Co. Ltd. grew its holdings in Gartner by 20.8% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 261 shares of the information technology services provider’s stock worth $132,000 after acquiring an additional 45 shares during the period. 91.51% of the stock is owned by institutional investors and hedge funds.

Gartner Trading Down 1.4 %

Shares of Gartner stock opened at $491.38 on Friday. Gartner, Inc. has a 1 year low of $411.15 and a 1 year high of $584.01. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 1.06. The business has a 50 day moving average price of $509.78 and a 200 day moving average price of $509.80. The company has a market capitalization of $37.75 billion, a P/E ratio of 30.65, a P/E/G ratio of 3.30 and a beta of 1.34.

Gartner (NYSE:IT) last released its earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.22 by $2.23. Gartner had a net margin of 20.00% and a return on equity of 116.56%. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same period in the prior year, the firm earned $3.04 EPS. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. Sell-side analysts anticipate that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on IT shares. Robert W. Baird boosted their target price on shares of Gartner from $579.00 to $605.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. Barclays raised shares of Gartner from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $525.00 to $600.00 in a report on Friday, January 10th. Morgan Stanley dropped their target price on shares of Gartner from $564.00 to $555.00 and set an “equal weight” rating for the company in a report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft boosted their price target on Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a research note on Wednesday, November 6th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Gartner in a research note on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $552.63.

Insider Activity at Gartner

In other news, SVP John J. Rinello sold 90 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $530.51, for a total transaction of $47,745.90. Following the transaction, the senior vice president now directly owns 3,259 shares in the company, valued at $1,728,932.09. This represents a 2.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Eileen Serra sold 1,200 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $489.77, for a total transaction of $587,724.00. Following the completion of the sale, the director now directly owns 1,627 shares in the company, valued at $796,855.79. This represents a 42.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,479 shares of company stock valued at $734,419. Company insiders own 3.60% of the company’s stock.

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.