Gartner, Inc. (NYSE:IT) Shares Sold by Kentucky Retirement Systems

Kentucky Retirement Systems cut its stake in Gartner, Inc. (NYSE:IT) by 1.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,850 shares of the information technology services provider’s stock after selling 70 shares during the period. Kentucky Retirement Systems’ holdings in Gartner were worth $2,627,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Frazier Financial Advisors LLC acquired a new stake in shares of Gartner in the 4th quarter worth about $27,000. DSM Capital Partners LLC bought a new stake in shares of Gartner during the fourth quarter valued at approximately $32,000. Central Pacific Bank Trust Division bought a new stake in shares of Gartner during the first quarter valued at approximately $36,000. Crewe Advisors LLC boosted its position in shares of Gartner by 223.3% during the second quarter. Crewe Advisors LLC now owns 97 shares of the information technology services provider’s stock worth $44,000 after buying an additional 67 shares during the period. Finally, J.Safra Asset Management Corp grew its holdings in Gartner by 58.7% in the 1st quarter. J.Safra Asset Management Corp now owns 146 shares of the information technology services provider’s stock worth $70,000 after buying an additional 54 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors.

Gartner Stock Up 0.0 %

IT stock opened at $513.59 on Friday. The firm has a market cap of $39.87 billion, a PE ratio of 51.10, a P/E/G ratio of 3.89 and a beta of 1.32. Gartner, Inc. has a 12 month low of $323.61 and a 12 month high of $517.48. The company has a debt-to-equity ratio of 3.80, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a 50 day simple moving average of $483.06 and a 200 day simple moving average of $462.16.

Gartner (NYSE:IT) last announced its quarterly earnings data on Tuesday, July 30th. The information technology services provider reported $3.22 EPS for the quarter, beating analysts’ consensus estimates of $3.02 by $0.20. The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.58 billion. Gartner had a return on equity of 142.05% and a net margin of 13.67%. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.85 EPS. Equities research analysts forecast that Gartner, Inc. will post 11.59 earnings per share for the current fiscal year.

Insider Activity at Gartner

In other Gartner news, EVP Claire Herkes sold 478 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $506.01, for a total transaction of $241,872.78. Following the completion of the sale, the executive vice president now directly owns 1,905 shares of the company’s stock, valued at $963,949.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Eugene A. Hall sold 34,060 shares of Gartner stock in a transaction on 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 transaction, the chief executive officer now owns 1,143,401 shares in the company, valued at $577,874,865.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Claire Herkes sold 478 shares of the company’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $506.01, for a total value of $241,872.78. Following the transaction, the executive vice president now directly owns 1,905 shares in the company, valued at $963,949.05. The disclosure for this sale can be found here. Insiders sold 65,164 shares of company stock worth $32,601,014 in the last quarter. 3.60% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on IT. Robert W. Baird boosted their price target on Gartner from $517.00 to $565.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Morgan Stanley increased their target price on shares of Gartner from $440.00 to $470.00 and gave the company an “equal weight” rating in a research report on Thursday, July 11th. UBS Group boosted their price target on shares of Gartner from $510.00 to $580.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Wells Fargo & Company upgraded shares of Gartner to a “strong sell” rating in a report on Tuesday, August 13th. Finally, StockNews.com cut Gartner from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $521.00.

Gartner Company 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.