4,700 Shares in Gartner, Inc. (NYSE:IT) Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System purchased a new position in shares of Gartner, Inc. (NYSE:IT) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 4,700 shares of the information technology services provider’s stock, valued at approximately $2,120,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Gartner by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 9,198,161 shares of the information technology services provider’s stock valued at $2,736,085,000 after purchasing an additional 102,709 shares during the last quarter. BlackRock Inc. boosted its holdings in Gartner by 2.6% in the 1st quarter. BlackRock Inc. now owns 6,394,140 shares of the information technology services provider’s stock valued at $2,083,019,000 after purchasing an additional 165,046 shares during the last quarter. State Street Corp boosted its holdings in Gartner by 2.3% in the 1st quarter. State Street Corp now owns 3,072,139 shares of the information technology services provider’s stock valued at $1,000,811,000 after purchasing an additional 69,116 shares during the last quarter. Morgan Stanley boosted its holdings in Gartner by 4.6% in the 3rd quarter. Morgan Stanley now owns 2,157,075 shares of the information technology services provider’s stock valued at $741,193,000 after purchasing an additional 95,040 shares during the last quarter. Finally, Wellington Management Group LLP boosted its holdings in Gartner by 20.3% in the 1st quarter. Wellington Management Group LLP now owns 2,029,738 shares of the information technology services provider’s stock valued at $603,766,000 after purchasing an additional 342,228 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, EVP Claire Herkes sold 1,460 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $475.76, for a total transaction of $694,609.60. Following the completion of the transaction, the executive vice president now owns 2,842 shares in the company, valued at approximately $1,352,109.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Gartner news, EVP Claire Herkes sold 1,460 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $475.76, for a total transaction of $694,609.60. Following the completion of the transaction, the executive vice president now owns 2,842 shares in the company, valued at approximately $1,352,109.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Valentin Sribar sold 682 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $453.00, for a total transaction of $308,946.00. Following the transaction, the executive vice president now owns 12,269 shares of the company’s stock, valued at approximately $5,557,857. The disclosure for this sale can be found here. Insiders sold 22,952 shares of company stock worth $10,598,070 in the last 90 days. Corporate insiders own 3.90% of the company’s stock.

Gartner Price Performance

Shares of IT opened at $449.41 on Thursday. Gartner, Inc. has a fifty-two week low of $292.60 and a fifty-two week high of $486.54. The firm’s 50 day moving average price is $465.66 and its 200 day moving average price is $433.71. The company has a market cap of $35.04 billion, a P/E ratio of 40.63, a PEG ratio of 4.23 and a beta of 1.29. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 3.60.

Gartner (NYSE:IT) last announced its earnings results on Tuesday, February 6th. The information technology services provider reported $3.04 earnings per share for the quarter, topping the consensus estimate of $2.83 by $0.21. Gartner had a net margin of 14.94% and a return on equity of 156.35%. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.59 billion. During the same period in the prior year, the firm earned $3.70 EPS. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. On average, research analysts forecast that Gartner, Inc. will post 11.36 earnings per share for the current fiscal year.

Analyst Ratings Changes

IT has been the topic of a number of research analyst reports. UBS Group raised shares of Gartner from a “neutral” rating to a “buy” rating and boosted their price target for the company from $484.00 to $550.00 in a research note on Thursday, April 11th. BMO Capital Markets boosted their price target on shares of Gartner from $444.00 to $450.00 and gave the company a “market perform” rating in a research note on Thursday, February 8th. Morgan Stanley boosted their price target on shares of Gartner from $421.00 to $446.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 6th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Gartner in a research note on Tuesday. They issued a “hold” rating and a $507.00 price target on the stock. Finally, StockNews.com downgraded shares of Gartner from a “buy” rating to a “hold” rating in a research note on Saturday, February 10th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Gartner presently has an average rating of “Hold” and a consensus price target of $477.60.

Gartner 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.