National Pension Service Trims Holdings in Gartner, Inc. (NYSE:IT)

National Pension Service reduced its stake in shares of Gartner, Inc. (NYSE:IT) by 0.1% in the third quarter, Holdings Channel reports. The firm owned 112,619 shares of the information technology services provider’s stock after selling 113 shares during the period. National Pension Service’s holdings in Gartner were worth $57,071,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Russell Investments Group Ltd. increased its holdings in Gartner by 11.4% during the 1st quarter. Russell Investments Group Ltd. now owns 25,063 shares of the information technology services provider’s stock worth $11,987,000 after purchasing an additional 2,560 shares during the period. Transcend Capital Advisors LLC purchased a new stake in Gartner in the second quarter worth about $512,000. Tidal Investments LLC lifted its stake in Gartner by 24.4% in the first quarter. Tidal Investments LLC now owns 9,890 shares of the information technology services provider’s stock worth $4,717,000 after acquiring an additional 1,940 shares during the period. Magnetar Financial LLC bought a new position in Gartner during the 1st quarter worth about $1,049,000. Finally, Vident Advisory LLC raised its holdings in shares of Gartner by 543.2% in the 1st quarter. Vident Advisory LLC now owns 9,178 shares of the information technology services provider’s stock valued at $4,375,000 after purchasing an additional 7,751 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Gartner

In other news, CFO Craig Safian sold 6,310 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $483.57, for a total transaction of $3,051,326.70. Following the sale, the chief financial officer now directly owns 71,544 shares of the company’s stock, valued at $34,596,532.08. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Gartner news, EVP Claire Herkes sold 478 shares of Gartner stock in a transaction that occurred on 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 in the company, valued at approximately $963,949.05. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Craig Safian sold 6,310 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $483.57, for a total transaction of $3,051,326.70. Following the completion of the sale, the chief financial officer now owns 71,544 shares in the company, valued at $34,596,532.08. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 49,899 shares of company stock worth $24,959,886. 3.60% of the stock is owned by corporate insiders.

Gartner Stock Performance

IT opened at $513.48 on Wednesday. The company has a market cap of $39.57 billion, a P/E ratio of 48.90, a price-to-earnings-growth ratio of 3.13 and a beta of 1.32. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 3.80. The firm’s 50-day moving average price is $509.34 and its 200-day moving average price is $472.61. Gartner, Inc. has a 52-week low of $382.27 and a 52-week high of $535.29.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on IT. Bank of America lifted their price objective on shares of Gartner from $525.00 to $580.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. 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. Wells Fargo & Company raised their price objective on Gartner from $435.00 to $460.00 and gave the company an “underweight” rating in a research report on Monday, October 14th. StockNews.com downgraded shares of Gartner from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Finally, UBS Group raised their price target on shares of Gartner from $510.00 to $580.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $532.86.

Gartner 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.