Artemis Investment Management LLP Sells 16,520 Shares of Gartner, Inc. (NYSE:IT)

Artemis Investment Management LLP lowered its position in Gartner, Inc. (NYSE:IT) by 12.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 121,542 shares of the information technology services provider’s stock after selling 16,520 shares during the period. Artemis Investment Management LLP owned about 0.16% of Gartner worth $61,593,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of IT. Russell Investments Group Ltd. increased its holdings in Gartner by 11.4% in the 1st quarter. Russell Investments Group Ltd. now owns 25,063 shares of the information technology services provider’s stock valued at $11,987,000 after acquiring an additional 2,560 shares during the last quarter. Icon Wealth Advisors LLC bought a new stake in shares of Gartner in the 4th quarter worth about $2,093,000. Transcend Capital Advisors LLC purchased a new stake in shares of Gartner during the 2nd quarter valued at about $512,000. Tidal Investments LLC lifted its holdings in shares of Gartner by 24.4% in the 1st quarter. Tidal Investments LLC now owns 9,890 shares of the information technology services provider’s stock valued at $4,717,000 after acquiring an additional 1,940 shares during the last quarter. Finally, Findlay Park Partners LLP grew its position in Gartner by 5.7% in the first quarter. Findlay Park Partners LLP now owns 678,121 shares of the information technology services provider’s stock worth $323,240,000 after acquiring an additional 36,400 shares in the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. UBS Group raised their price objective on Gartner from $510.00 to $580.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Morgan Stanley lifted their price objective on shares of Gartner from $440.00 to $470.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 11th. BMO Capital Markets increased their target price on shares of Gartner from $450.00 to $510.00 and gave the company a “market perform” rating in a research note on Wednesday, July 31st. Wells Fargo & Company raised shares of Gartner to a “strong sell” rating in a research note on Tuesday, August 13th. Finally, Robert W. Baird upped their price target on shares of Gartner from $517.00 to $565.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $521.00.

Gartner Trading Up 0.7 %

IT opened at $513.37 on Wednesday. Gartner, Inc. has a 52 week low of $323.61 and a 52 week high of $521.64. The company has a market capitalization of $39.85 billion, a P/E ratio of 51.08, a PEG ratio of 3.21 and a beta of 1.32. The stock’s fifty day moving average is $493.60 and its two-hundred day moving average is $465.21. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 3.80.

Gartner (NYSE:IT) last released its quarterly earnings data on Tuesday, July 30th. The information technology services provider reported $3.22 earnings per share for the quarter, topping analysts’ consensus estimates of $3.02 by $0.20. The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.58 billion. Gartner had a net margin of 13.67% and a return on equity of 142.05%. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.85 earnings per share. Analysts forecast that Gartner, Inc. will post 11.65 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Eugene A. Hall sold 34,060 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $505.40, for a total transaction of $17,213,924.00. Following the sale, the chief executive officer now owns 1,143,401 shares of the company’s stock, valued at $577,874,865.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Gartner news, CEO Eugene A. Hall sold 34,060 shares of Gartner stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $505.40, for a total value of $17,213,924.00. Following the transaction, the chief executive officer now directly owns 1,143,401 shares of the company’s stock, valued at approximately $577,874,865.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Alwyn Dawkins sold 1,000 shares of the stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $505.49, for a total value of $505,490.00. Following the sale, the executive vice president now owns 56,650 shares of the company’s stock, valued at approximately $28,636,008.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 65,164 shares of company stock worth $32,601,014 over the last 90 days. Company insiders own 3.60% of the company’s stock.

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.