AEGON ASSET MANAGEMENT UK Plc decreased its position in shares of Gartner, Inc. (NYSE:IT - Free Report) by 28.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 22,107 shares of the information technology services provider's stock after selling 8,783 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc's holdings in Gartner were worth $11,202,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital Performance Advisors LLP acquired a new position in Gartner during the 3rd quarter valued at about $77,000. Principal Financial Group Inc. grew its position in shares of Gartner by 5.5% during the 3rd quarter. Principal Financial Group Inc. now owns 2,001,142 shares of the information technology services provider's stock worth $1,014,099,000 after buying an additional 103,814 shares during the period. Concurrent Investment Advisors LLC raised its stake in shares of Gartner by 13.3% during the third quarter. Concurrent Investment Advisors LLC now owns 709 shares of the information technology services provider's stock worth $359,000 after buying an additional 83 shares during the last quarter. Marks Group Wealth Management Inc lifted its holdings in Gartner by 60.9% in the third quarter. Marks Group Wealth Management Inc now owns 6,321 shares of the information technology services provider's stock valued at $3,203,000 after buying an additional 2,392 shares during the period. Finally, Pittenger & Anderson Inc. boosted its stake in Gartner by 146.0% in the third quarter. Pittenger & Anderson Inc. now owns 1,710 shares of the information technology services provider's stock valued at $867,000 after acquiring an additional 1,015 shares during the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.
Shares of IT opened at $547.40 on Friday. The company has a debt-to-equity ratio of 2.31, a quick ratio of 0.90 and a current ratio of 1.02. The firm has a market capitalization of $42.18 billion, a PE ratio of 40.37, a P/E/G ratio of 3.27 and a beta of 1.32. The stock has a 50 day simple moving average of $512.66 and a 200 day simple moving average of $474.42. Gartner, Inc. has a 52-week low of $397.43 and a 52-week high of $552.33.
Gartner (NYSE:IT - Get Free Report) last issued its quarterly earnings data on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.45 by $0.05. The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.48 billion. Gartner had a net margin of 17.33% and a return on equity of 118.27%. The firm's revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.56 earnings per share. Sell-side analysts predict that Gartner, Inc. will post 11.88 EPS for the current fiscal year.
A number of research firms have recently weighed in on IT. StockNews.com raised Gartner from a "hold" rating to a "buy" rating in a research note on Wednesday. Robert W. Baird increased their target price on Gartner from $565.00 to $590.00 and gave the company an "outperform" rating in a research note on Wednesday. Morgan Stanley boosted their target price on Gartner from $490.00 to $528.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 10th. UBS Group increased their price target on shares of Gartner from $510.00 to $580.00 and gave the company a "buy" rating in a research report on Wednesday, July 31st. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Gartner from $529.00 to $531.00 and gave the company a "hold" rating in a report on Wednesday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Gartner has an average rating of "Hold" and an average price target of $539.25.
Check Out Our Latest Report on IT
In related news, EVP Akhil Jain sold 400 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $485.00, for a total transaction of $194,000.00. Following the completion of the transaction, the executive vice president now directly owns 4,839 shares in the company, valued at approximately $2,346,915. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director James C. Smith sold 10,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $535.76, for a total transaction of $5,357,600.00. Following the completion of the transaction, the director now directly owns 554,274 shares in the company, valued at $296,957,838.24. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Akhil Jain sold 400 shares of the firm's stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $485.00, for a total value of $194,000.00. Following the completion of the transaction, the executive vice president now owns 4,839 shares of the company's stock, valued at $2,346,915. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 59,899 shares of company stock worth $30,317,486 over the last three months. Corporate insiders own 3.60% of the company's stock.
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.
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