Livforsakringsbolaget Skandia Omsesidigt Trims Holdings in Gartner, Inc. (NYSE:IT)

Livforsakringsbolaget Skandia Omsesidigt lowered its stake in shares of Gartner, Inc. (NYSE:IT) by 16.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 500 shares of the information technology services provider’s stock after selling 100 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Gartner were worth $242,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in IT. Czech National Bank grew its holdings in shares of Gartner by 6.1% in the third quarter. Czech National Bank now owns 15,697 shares of the information technology services provider’s stock valued at $7,955,000 after purchasing an additional 903 shares during the period. Diversified Trust Co purchased a new stake in shares of Gartner in the 3rd quarter valued at approximately $201,000. Atomi Financial Group Inc. acquired a new stake in shares of Gartner during the 3rd quarter worth approximately $232,000. CWM LLC raised its position in shares of Gartner by 17.5% during the 3rd quarter. CWM LLC now owns 6,994 shares of the information technology services provider’s stock valued at $3,544,000 after buying an additional 1,040 shares during the period. Finally, Wedmont Private Capital lifted its holdings in Gartner by 7.9% in the third quarter. Wedmont Private Capital now owns 1,878 shares of the information technology services provider’s stock valued at $957,000 after acquiring an additional 138 shares during the last quarter. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on IT. Robert W. Baird raised their target price on Gartner from $579.00 to $605.00 and gave the stock an “outperform” rating in a research note on Wednesday. Morgan Stanley cut their price objective on Gartner from $564.00 to $555.00 and set an “equal weight” rating for the company in a research report on Thursday, January 16th. Barclays raised shares of 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. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Gartner from $529.00 to $531.00 and gave the company a “hold” rating in a research note on Wednesday, November 6th. Finally, Wells Fargo & Company lowered their price objective on shares of Gartner from $470.00 to $460.00 and set an “underweight” rating for the company in a research report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $552.63.

Insider Buying and Selling

In other news, Director James C. Smith sold 5,000 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $524.02, for a total transaction of $2,620,100.00. Following the completion of the transaction, the director now directly owns 509,457 shares of the company’s stock, valued at approximately $266,965,657.14. This represents a 0.97 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP William James Wartinbee III sold 189 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $523.54, for a total value of $98,949.06. Following the sale, the executive vice president now directly owns 7,311 shares in the company, valued at $3,827,600.94. This trade represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,050 shares of company stock worth $4,292,245. Company insiders own 3.60% of the company’s stock.

Gartner Stock Performance

Shares of IT stock opened at $528.93 on Friday. The firm has a 50 day moving average of $509.71 and a two-hundred day moving average of $506.06. The stock has a market capitalization of $40.80 billion, a PE ratio of 39.01, a P/E/G ratio of 3.37 and a beta of 1.34. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.31. Gartner, Inc. has a 52 week low of $411.15 and a 52 week high of $584.01.

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 return on equity of 118.27% and a net margin of 17.33%. The firm had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.69 billion. During the same period last year, the business posted $3.04 earnings per share. Gartner’s revenue was up 8.1% compared to the same quarter last year. On average, research analysts predict that Gartner, Inc. will post 11.87 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.