17,014 Shares in Gartner, Inc. $IT Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Gartner, Inc. (NYSE:IT) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 17,014 shares of the information technology services provider’s stock, valued at approximately $3,174,000.

Several other large investors have also recently made changes to their positions in the business. Vise Technologies Inc. lifted its stake in Gartner by 59.7% in the third quarter. Vise Technologies Inc. now owns 5,184 shares of the information technology services provider’s stock worth $967,000 after purchasing an additional 1,937 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al grew its stake in shares of Gartner by 30.0% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 16,900 shares of the information technology services provider’s stock valued at $3,153,000 after buying an additional 3,900 shares during the last quarter. Parcion Private Wealth LLC grew its stake in shares of Gartner by 5.5% during the third quarter. Parcion Private Wealth LLC now owns 2,278 shares of the information technology services provider’s stock valued at $425,000 after buying an additional 118 shares during the last quarter. Soltis Investment Advisors LLC purchased a new position in shares of Gartner in the third quarter worth about $321,000. Finally, Choreo LLC purchased a new position in shares of Gartner in the third quarter worth about $262,000. 91.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Weiss Ratings lowered Gartner from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, October 26th. Royal Bank Of Canada restated a “sector perform” rating and set a $198.00 price target on shares of Gartner in a research report on Tuesday, October 20th. UBS Group lifted their price target on Gartner from $208.00 to $220.00 and gave the stock a “neutral” rating in a research note on Wednesday. Barclays downgraded Gartner from an “equal weight” rating to an “underweight” rating and boosted their price objective for the company from $150.00 to $185.00 in a research report on Friday. Finally, Truist Financial lowered Gartner from a “buy” rating to a “hold” rating and dropped their price objective for the company from $235.00 to $210.00 in a research note on Wednesday. Seven investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $206.20.

Gartner Trading Down 4.0%

Shares of Gartner stock traded down $7.99 during trading on Friday, reaching $190.09. 1,360,527 shares of the stock were exchanged, compared to its average volume of 994,717. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 46.98. The stock’s fifty day moving average is $197.27 and its 200 day moving average is $169.57. The firm has a market cap of $12.00 billion, a price-to-earnings ratio of 13.55, a price-to-earnings-growth ratio of 0.89 and a beta of 0.92. Gartner, Inc. has a 1 year low of $124.25 and a 1 year high of $256.89.

Gartner (NYSE:IT) last announced its quarterly earnings results on Tuesday, November 3rd. The information technology services provider reported $3.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.84 by $0.75. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.49 billion. Gartner had a return on equity of 525.46% and a net margin of 11.99%. Gartner’s revenue was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.76 EPS. As a group, equities research analysts expect that Gartner, Inc. will post 15.02 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Yvonne Genovese sold 1,205 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $190.06, for a total transaction of $229,022.30. Following the completion of the transaction, the executive vice president owned 6,208 shares in the company, valued at $1,179,892.48. This represents a 16.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Robin Kranich sold 3,278 shares of the firm’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $196.50, for a total value of $644,127.00. Following the completion of the sale, the executive vice president directly owned 20,358 shares of the company’s stock, valued at $4,000,347. The trade was a 13.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 5,183 shares of company stock valued at $1,014,360. Company insiders own 2.60% of the company’s stock.

Gartner Company Profile

Gartner, Inc is a global research and advisory company that provides information, analysis and guidance to business leaders, technology professionals and public-sector organizations. Its work focuses on helping clients evaluate technology markets, develop business strategies, manage risk and make decisions about digital transformation and other organizational priorities.

The company delivers its services through research and advisory programs, consulting engagements, executive guidance and conferences.