Asset Management One Co. Ltd. Lowers Position in Gartner, Inc. (NYSE:IT)

Asset Management One Co. Ltd. lessened its position in Gartner, Inc. (NYSE:IT) by 1.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 72,692 shares of the information technology services provider’s stock after selling 886 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.09% of Gartner worth $36,875,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in IT. Sustainable Growth Advisers LP purchased a new position in shares of Gartner in the 2nd quarter valued at approximately $266,541,000. Principal Financial Group Inc. increased its position in Gartner by 22.0% during the 2nd quarter. Principal Financial Group Inc. now owns 1,897,328 shares of the information technology services provider’s stock valued at $852,014,000 after buying an additional 341,911 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in Gartner by 38.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 414,559 shares of the information technology services provider’s stock valued at $197,608,000 after buying an additional 114,610 shares in the last quarter. Natixis Advisors LLC increased its position in Gartner by 117.4% during the 2nd quarter. Natixis Advisors LLC now owns 200,097 shares of the information technology services provider’s stock valued at $89,856,000 after buying an additional 108,061 shares in the last quarter. Finally, Swedbank AB bought a new position in Gartner during the 1st quarter valued at approximately $30,735,000. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on IT. 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 lowered Gartner from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Bank of America raised their price objective on Gartner from $525.00 to $580.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Morgan Stanley lifted their target price on Gartner from $490.00 to $528.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. Finally, UBS Group lifted their target price on Gartner from $510.00 to $580.00 and gave the stock a “buy” rating in a 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 assigned a buy rating to the stock. According to data from MarketBeat.com, Gartner presently has a consensus rating of “Hold” and a consensus target price of $532.86.

Gartner Stock Performance

Shares of IT opened at $505.06 on Tuesday. The company has a debt-to-equity ratio of 3.80, a current ratio of 0.90 and a quick ratio of 0.90. Gartner, Inc. has a one year low of $382.27 and a one year high of $535.29. The firm has a market capitalization of $38.92 billion, a P/E ratio of 48.10, a PEG ratio of 3.12 and a beta of 1.32. The business has a fifty day moving average of $508.78 and a 200 day moving average of $472.10.

Insider Buying and Selling

In related news, EVP Akhil Jain sold 400 shares of Gartner stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $485.00, for a total value of $194,000.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, EVP Akhil Jain sold 400 shares of Gartner stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $485.00, for a total transaction of $194,000.00. Following the transaction, the executive vice president now directly owns 4,839 shares in the company, valued at approximately $2,346,915. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Craig Safian sold 6,310 shares of Gartner stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $483.57, for a total value of $3,051,326.70. Following the transaction, the chief financial officer now owns 71,544 shares in the company, valued at $34,596,532.08. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 49,899 shares of company stock valued at $24,959,886 over the last 90 days. Company insiders own 3.60% of the company’s stock.

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.