Janus Henderson Group PLC Lowers Stock Holdings in Gartner, Inc. (NYSE:IT)

Janus Henderson Group PLC lowered its position in shares of Gartner, Inc. (NYSE:IT) by 1.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,497 shares of the information technology services provider’s stock after selling 133 shares during the period. Janus Henderson Group PLC’s holdings in Gartner were worth $5,087,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Gartner by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 9,268,639 shares of the information technology services provider’s stock valued at $4,490,378,000 after acquiring an additional 100,917 shares during the last quarter. FMR LLC lifted its position in Gartner by 8.6% during the fourth quarter. FMR LLC now owns 2,822,122 shares of the information technology services provider’s stock valued at $1,367,233,000 after purchasing an additional 223,087 shares during the last quarter. Geode Capital Management LLC grew its stake in Gartner by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 2,063,577 shares of the information technology services provider’s stock worth $998,400,000 after buying an additional 45,219 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Gartner by 0.6% in the 4th quarter. Principal Financial Group Inc. now owns 2,012,799 shares of the information technology services provider’s stock worth $975,141,000 after buying an additional 11,657 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in shares of Gartner by 12.7% during the 4th quarter. Wellington Management Group LLP now owns 1,662,005 shares of the information technology services provider’s stock valued at $805,192,000 after buying an additional 187,854 shares in the last quarter. Institutional investors own 91.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on IT. The Goldman Sachs Group cut their target price on shares of Gartner from $622.00 to $535.00 and set a “buy” rating for the company in a research report on Wednesday, May 7th. Wells Fargo & Company cut their price objective on Gartner from $401.00 to $400.00 and set an “underweight” rating for the company in a report on Thursday, May 1st. Robert W. Baird decreased their price objective on Gartner from $605.00 to $557.00 and set an “outperform” rating on the stock in a report on Friday, March 21st. UBS Group upped their target price on Gartner from $500.00 to $525.00 and gave the stock a “buy” rating in a research note on Wednesday, May 7th. Finally, StockNews.com cut shares of Gartner from a “buy” rating to a “hold” rating in a research report on Friday, March 21st. One investment 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, Gartner currently has a consensus rating of “Hold” and a consensus price target of $518.67.

Insider Buying and Selling at Gartner

In other 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 sale, the director now directly owns 1,627 shares in the company, valued at approximately $796,855.79. This trade represents a 42.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Craig Safian sold 3,415 shares of the company’s stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $450.17, for a total value of $1,537,330.55. Following the transaction, the chief financial officer now owns 77,890 shares of the company’s stock, valued at approximately $35,063,741.30. This represents a 4.20% decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,001 shares of company stock valued at $2,736,801 in the last quarter. Company insiders own 2.30% of the company’s stock.

Gartner Price Performance

IT opened at $447.88 on Monday. The stock’s 50 day simple moving average is $420.79 and its 200 day simple moving average is $479.56. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 1.06. Gartner, Inc. has a 1 year low of $366.05 and a 1 year high of $584.01. The firm has a market cap of $34.41 billion, a price-to-earnings ratio of 27.94, a PEG ratio of 3.30 and a beta of 1.24.

Gartner (NYSE:IT) last released its quarterly earnings data on Tuesday, May 6th. The information technology services provider reported $2.98 earnings per share for the quarter, beating analysts’ consensus estimates of $2.72 by $0.26. Gartner had a return on equity of 116.56% and a net margin of 20.00%. The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the prior year, the firm posted $2.93 earnings per share. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. As a group, analysts predict that Gartner, Inc. will post 12.5 earnings per share for the current year.

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.