Korea Investment CORP Has $25.07 Million Stock Holdings in Gartner, Inc. (NYSE:IT)

Korea Investment CORP grew its position in shares of Gartner, Inc. (NYSE:IT) by 0.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 51,742 shares of the information technology services provider’s stock after acquiring an additional 76 shares during the quarter. Korea Investment CORP owned 0.07% of Gartner worth $25,067,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IT. Howard Capital Management Inc. raised its stake in shares of Gartner by 4.4% during the 4th quarter. Howard Capital Management Inc. now owns 452 shares of the information technology services provider’s stock worth $219,000 after purchasing an additional 19 shares in the last quarter. Gilbert & Cook Inc. boosted its holdings in shares of Gartner by 1.5% during the 4th quarter. Gilbert & Cook Inc. now owns 1,364 shares of the information technology services provider’s stock worth $661,000 after buying an additional 20 shares during the period. Dorsey & Whitney Trust CO LLC raised its holdings in Gartner by 2.5% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 826 shares of the information technology services provider’s stock valued at $400,000 after acquiring an additional 20 shares during the period. Parallel Advisors LLC boosted its holdings in shares of Gartner by 2.9% during the fourth quarter. Parallel Advisors LLC now owns 737 shares of the information technology services provider’s stock worth $357,000 after acquiring an additional 21 shares during the period. Finally, Harbor Capital Advisors Inc. grew its position in shares of Gartner by 2.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 917 shares of the information technology services provider’s stock valued at $444,000 after purchasing an additional 22 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group reissued a “buy” rating on shares of Gartner in a research report on Tuesday, February 4th. UBS Group reduced their price target on Gartner from $565.00 to $500.00 and set a “buy” rating on the stock in a research report on Tuesday. Barclays upgraded Gartner from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $525.00 to $600.00 in a research report on Friday, January 10th. Robert W. Baird reduced their price target on shares of Gartner from $605.00 to $557.00 and set an “outperform” rating on the stock in a research report on Friday, March 21st. Finally, Wells Fargo & Company decreased their price target on Gartner from $470.00 to $460.00 and set an “underweight” rating on the stock in a research note on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Gartner currently has an average rating of “Hold” and a consensus price target of $536.63.

Gartner Price Performance

Gartner stock opened at $418.57 on Friday. The stock has a 50-day moving average price of $494.18 and a two-hundred day moving average price of $505.53. Gartner, Inc. has a 12 month low of $409.50 and a 12 month high of $584.01. The company has a market capitalization of $32.15 billion, a PE ratio of 26.11, a P/E/G ratio of 3.30 and a beta of 1.29. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.81.

Gartner (NYSE:IT) last issued its quarterly earnings data 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 business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.69 billion. During the same quarter last year, the business earned $3.04 EPS. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. Analysts expect that Gartner, Inc. will post 12.5 EPS for the current 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.