Standard Life Aberdeen plc decreased its position in shares of Gartner Inc (NYSE:IT) by 1.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,621 shares of the information technology services provider’s stock after selling 370 shares during the period. Standard Life Aberdeen plc’s holdings in Gartner were worth $2,966,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the stock. Strs Ohio lifted its stake in shares of Gartner by 2.5% in the 4th quarter. Strs Ohio now owns 3,625 shares of the information technology services provider’s stock valued at $463,000 after purchasing an additional 89 shares during the last quarter. Comerica Bank increased its holdings in shares of Gartner by 0.3% during the 4th quarter. Comerica Bank now owns 30,420 shares of the information technology services provider’s stock worth $4,014,000 after purchasing an additional 96 shares during the period. Scotia Capital Inc. increased its holdings in shares of Gartner by 3.4% during the 4th quarter. Scotia Capital Inc. now owns 3,001 shares of the information technology services provider’s stock worth $384,000 after purchasing an additional 99 shares during the period. State of Alaska Department of Revenue increased its holdings in shares of Gartner by 0.6% during the 4th quarter. State of Alaska Department of Revenue now owns 15,900 shares of the information technology services provider’s stock worth $2,032,000 after purchasing an additional 100 shares during the period. Finally, Securian Asset Management Inc increased its holdings in shares of Gartner by 1.1% during the 4th quarter. Securian Asset Management Inc now owns 9,484 shares of the information technology services provider’s stock worth $1,212,000 after purchasing an additional 100 shares during the period. 97.22% of the stock is currently owned by hedge funds and other institutional investors.
In other news, EVP Alwyn Dawkins sold 1,909 shares of the firm’s stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $142.01, for a total transaction of $271,097.09. Following the completion of the sale, the executive vice president now owns 35,822 shares in the company, valued at approximately $5,087,082.22. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Eugene A. Hall sold 90,935 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $143.22, for a total transaction of $13,023,710.70. Following the sale, the chief executive officer now owns 1,174,006 shares of the company’s stock, valued at approximately $168,141,139.32. The disclosure for this sale can be found here. In the last ninety days, insiders sold 104,975 shares of company stock valued at $15,020,962. 4.00% of the stock is owned by insiders.
Shares of IT stock opened at $144.13 on Friday. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 2.49. Gartner Inc has a 12-month low of $114.40 and a 12-month high of $161.21. The firm has a market cap of $13.00 billion, a PE ratio of 38.03, a P/E/G ratio of 2.51 and a beta of 1.31.
Gartner (NYSE:IT) last issued its quarterly earnings data on Tuesday, February 5th. The information technology services provider reported $1.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.25 by ($0.05). The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.10 billion. Gartner had a return on equity of 37.74% and a net margin of 3.08%. The firm’s revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.17 EPS. On average, research analysts anticipate that Gartner Inc will post 3.97 EPS for the current fiscal year.
A number of research firms recently weighed in on IT. TheStreet raised shares of Gartner from a “c+” rating to a “b” rating in a research note on Tuesday, February 5th. Bank of America reissued a “buy” rating and issued a $150.00 target price on shares of Gartner in a research note on Wednesday, February 6th. Cantor Fitzgerald cut shares of Gartner from an “overweight” rating to a “neutral” rating in a research note on Wednesday, February 6th. BMO Capital Markets cut shares of Gartner from an “outperform” rating to a “market perform” rating and set a $139.30 price objective on the stock. in a research note on Wednesday, February 6th. Finally, Morgan Stanley decreased their price objective on shares of Gartner from $144.00 to $134.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 8th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. Gartner has an average rating of “Hold” and a consensus price target of $142.81.
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Gartner, Inc operates as a research and advisory company. It operates through three segments: Research, Conferences, and Consulting. The Research segment offers objective insights and advice on the priorities of various leaders in a range of functional areas of the enterprise through research and other reports, briefings, proprietary tools, access to analysts, peer networking services, and membership programs that enable clients to make better decisions; and practice and talent management research insights in various business functions, such as human resources, sales, legal, and finance.
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