Gartner, Inc. (NYSE:IT) Shares Sold by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH trimmed its position in shares of Gartner, Inc. (NYSE:IT) by 87.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,056 shares of the information technology services provider’s stock after selling 13,754 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Gartner were worth $980,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IT. LPL Financial LLC grew its position in Gartner by 23.0% during the 3rd quarter. LPL Financial LLC now owns 28,129 shares of the information technology services provider’s stock worth $9,665,000 after purchasing an additional 5,266 shares in the last quarter. Advisors Asset Management Inc. grew its position in Gartner by 4.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,924 shares of the information technology services provider’s stock worth $1,005,000 after purchasing an additional 129 shares in the last quarter. Axxcess Wealth Management LLC purchased a new position in shares of Gartner during the 3rd quarter valued at $523,000. AXQ Capital LP purchased a new position in shares of Gartner during the 3rd quarter valued at $481,000. Finally, Lido Advisors LLC grew its holdings in shares of Gartner by 44.2% during the 3rd quarter. Lido Advisors LLC now owns 878 shares of the information technology services provider’s stock valued at $302,000 after acquiring an additional 269 shares in the last quarter. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on IT shares. StockNews.com upgraded shares of Gartner from a “hold” rating to a “buy” rating in a report on Saturday. Robert W. Baird lowered their price target on shares of Gartner from $536.00 to $517.00 and set an “outperform” rating on the stock in a report on Wednesday, May 1st. BMO Capital Markets lowered their price target on shares of Gartner from $450.00 to $432.00 and set a “market perform” rating on the stock in a report on Thursday, May 2nd. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Gartner in a research note on Tuesday, April 16th. They issued a “hold” rating and a $507.00 price objective for the company. Finally, UBS Group reduced their price objective on shares of Gartner from $550.00 to $510.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $474.50.

Insider Transactions at Gartner

In other news, EVP Yvonne Genovese sold 439 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $456.13, for a total transaction of $200,241.07. Following the transaction, the executive vice president now owns 1,959 shares in the company, valued at approximately $893,558.67. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, EVP Alwyn Dawkins sold 600 shares of the company’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $447.63, for a total value of $268,578.00. Following the sale, the executive vice president now owns 51,583 shares of the company’s stock, valued at $23,090,098.29. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Yvonne Genovese sold 439 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $456.13, for a total transaction of $200,241.07. Following the completion of the sale, the executive vice president now directly owns 1,959 shares in the company, valued at approximately $893,558.67. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,544 shares of company stock worth $10,079,813. 3.60% of the stock is currently owned by company insiders.

Gartner Stock Up 1.1 %

Gartner stock opened at $446.12 on Wednesday. The firm has a market cap of $34.63 billion, a price-to-earnings ratio of 44.39, a P/E/G ratio of 3.93 and a beta of 1.33. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.91 and a quick ratio of 0.91. Gartner, Inc. has a fifty-two week low of $323.61 and a fifty-two week high of $486.54. The firm has a fifty day moving average price of $438.95 and a two-hundred day moving average price of $452.00.

Gartner (NYSE:IT) last released its earnings results on Tuesday, April 30th. The information technology services provider reported $2.93 earnings per share for the quarter, topping analysts’ consensus estimates of $2.53 by $0.40. The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.47 billion. Gartner had a net margin of 13.35% and a return on equity of 141.55%. The business’s revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.88 EPS. As a group, analysts forecast that Gartner, Inc. will post 11.55 earnings per share for the current 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.