Nisa Investment Advisors LLC Has $8.87 Million Position in Gartner, Inc. (NYSE:IT)

Nisa Investment Advisors LLC trimmed its stake in Gartner, Inc. (NYSE:IT) by 8.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,309 shares of the information technology services provider’s stock after selling 1,771 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Gartner were worth $8,870,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. ProShare Advisors LLC increased its stake in Gartner by 6.6% during the 2nd quarter. ProShare Advisors LLC now owns 14,240 shares of the information technology services provider’s stock valued at $6,395,000 after purchasing an additional 885 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Gartner by 39.3% during the second quarter. EverSource Wealth Advisors LLC now owns 383 shares of the information technology services provider’s stock valued at $172,000 after buying an additional 108 shares during the last quarter. Public Sector Pension Investment Board increased its position in shares of Gartner by 66.0% during the second quarter. Public Sector Pension Investment Board now owns 2,930 shares of the information technology services provider’s stock worth $1,316,000 after acquiring an additional 1,165 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of Gartner by 2.9% in the 2nd quarter. Bank of Montreal Can now owns 86,031 shares of the information technology services provider’s stock worth $38,723,000 after acquiring an additional 2,402 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in Gartner by 60.2% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 14,907 shares of the information technology services provider’s stock valued at $6,694,000 after acquiring an additional 5,600 shares in the last quarter. 91.51% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director James C. Smith sold 17,533 shares of Gartner stock in a transaction on Friday, November 8th. The stock was sold at an average price of $547.09, for a total value of $9,592,128.97. Following the completion of the transaction, the director now directly owns 532,294 shares in the company, valued at approximately $291,212,724.46. The trade was a 3.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP William James Wartinbee III sold 189 shares of the stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $523.54, for a total value of $98,949.06. Following the sale, the executive vice president now directly owns 7,311 shares in the company, valued at $3,827,600.94. This trade represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 35,583 shares of company stock valued at $19,241,974. 3.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

IT has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft increased their price objective on Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a research note on Wednesday, November 6th. Barclays upgraded Gartner from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $525.00 to $600.00 in a research note on Friday, January 10th. StockNews.com downgraded shares of Gartner from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. Morgan Stanley cut their price target on shares of Gartner from $564.00 to $555.00 and set an “equal weight” rating on the stock in a report on Thursday, January 16th. Finally, Wells Fargo & Company decreased their price objective on shares of Gartner from $470.00 to $460.00 and set an “underweight” rating for the company in a research note on Friday, January 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $550.75.

Gartner Stock Performance

Shares of IT stock opened at $523.63 on Friday. Gartner, Inc. has a 52 week low of $411.15 and a 52 week high of $559.00. The firm’s 50-day simple moving average is $505.78 and its two-hundred day simple moving average is $499.91. The firm has a market cap of $40.39 billion, a price-to-earnings ratio of 38.62, a P/E/G ratio of 2.92 and a beta of 1.33. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.02.

Gartner (NYSE:IT) last posted its quarterly earnings data on Tuesday, November 5th. The information technology services provider reported $2.50 EPS for the quarter, beating the consensus estimate of $2.45 by $0.05. Gartner had a return on equity of 118.27% and a net margin of 17.33%. The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the prior year, the business earned $2.56 earnings per share. Gartner’s revenue for the quarter was up 5.4% on a year-over-year basis. As a group, equities analysts forecast that Gartner, Inc. will post 11.87 earnings per share for the current year.

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.