Public Employees Retirement Association of Colorado Cuts Stake in Gartner, Inc. (NYSE:IT)

Public Employees Retirement Association of Colorado reduced its stake in shares of Gartner, Inc. (NYSE:IT) by 3.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,884 shares of the information technology services provider’s stock after selling 293 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Gartner were worth $3,540,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of IT. Gilbert & Cook Inc. lifted its holdings in shares of Gartner by 10.6% during the 4th quarter. Gilbert & Cook Inc. now owns 1,430 shares of the information technology services provider’s stock worth $645,000 after acquiring an additional 137 shares during the period. D.A. Davidson & CO. raised its holdings in Gartner by 19.6% in the fourth quarter. D.A. Davidson & CO. now owns 1,068 shares of the information technology services provider’s stock valued at $482,000 after buying an additional 175 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Gartner by 45.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 237 shares of the information technology services provider’s stock valued at $107,000 after buying an additional 74 shares during the period. US Bancorp DE raised its holdings in Gartner by 5.4% in the fourth quarter. US Bancorp DE now owns 5,090 shares of the information technology services provider’s stock valued at $2,296,000 after buying an additional 260 shares during the period. Finally, Team Hewins LLC purchased a new position in Gartner in the fourth quarter valued at approximately $248,000. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Gartner Stock Up 0.0 %

IT stock opened at $513.59 on Monday. Gartner, Inc. has a twelve month low of $323.61 and a twelve month high of $517.48. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 3.80. The company has a market capitalization of $39.87 billion, a P/E ratio of 51.10, a PEG ratio of 3.89 and a beta of 1.32. The firm has a 50 day simple moving average of $483.06 and a 200-day simple moving average of $462.12.

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

Analyst Ratings Changes

Several research firms recently commented on IT. Bank of America raised their price target on shares of Gartner from $525.00 to $580.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Wells Fargo & Company upgraded shares of Gartner to a “strong sell” rating in a research note on Tuesday, August 13th. Robert W. Baird lifted their price objective on shares of Gartner from $517.00 to $565.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. StockNews.com lowered shares of Gartner from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Finally, BMO Capital Markets raised their price target on shares of Gartner from $450.00 to $510.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $521.00.

Insiders Place Their Bets

In other Gartner news, EVP Alwyn Dawkins sold 1,000 shares of Gartner 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 completion of the transaction, the executive vice president now owns 56,650 shares of the company’s stock, valued at $28,636,008.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Gartner news, EVP Alwyn Dawkins sold 1,000 shares of the firm’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $505.49, for a total value of $505,490.00. Following the sale, the executive vice president now directly owns 56,650 shares in the company, valued at $28,636,008.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Claire Herkes sold 478 shares of the firm’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 completion of the sale, the executive vice president now owns 1,905 shares in the company, valued at $963,949.05. The disclosure for this sale can be found here. Insiders sold a total of 65,164 shares of company stock valued at $32,601,014 over the last 90 days. 3.60% of the stock is owned by company insiders.

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.