Gartner, Inc. (NYSE:IT) Shares Acquired by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. grew its holdings in Gartner, Inc. (NYSE:IT) by 4.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,268 shares of the information technology services provider’s stock after purchasing an additional 1,129 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Gartner were worth $13,211,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of IT. Assenagon Asset Management S.A. lifted its stake in shares of Gartner by 208.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 272,267 shares of the information technology services provider’s stock valued at $131,905,000 after purchasing an additional 183,974 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Gartner in the 3rd quarter valued at $70,955,000. Principal Financial Group Inc. lifted its stake in shares of Gartner by 5.5% in the 3rd quarter. Principal Financial Group Inc. now owns 2,001,142 shares of the information technology services provider’s stock valued at $1,014,099,000 after purchasing an additional 103,814 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Gartner in the 3rd quarter valued at $36,789,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of Gartner by 7.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,036,530 shares of the information technology services provider’s stock valued at $525,272,000 after purchasing an additional 70,236 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on IT. StockNews.com upgraded Gartner from a “hold” rating to a “buy” rating in a report on Monday, January 27th. Morgan Stanley cut their price objective on Gartner from $564.00 to $555.00 and set an “equal weight” rating on the stock in a report on Thursday, January 16th. Barclays upgraded Gartner from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $525.00 to $600.00 in a report on Friday, January 10th. Wells Fargo & Company cut their price objective on Gartner from $470.00 to $460.00 and set an “underweight” rating on the stock in a report on Friday, January 10th. Finally, Robert W. Baird boosted their price objective on Gartner from $565.00 to $590.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $550.75.

Gartner Price Performance

Shares of NYSE IT opened at $543.26 on Friday. The stock’s 50-day moving average is $507.91 and its two-hundred day moving average is $503.79. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.02 and a quick ratio of 1.02. Gartner, Inc. has a 1-year low of $411.15 and a 1-year high of $559.00. The company has a market cap of $41.90 billion, a price-to-earnings ratio of 40.06, a price-to-earnings-growth ratio of 3.34 and a beta of 1.33.

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

Insider Transactions at Gartner

In related news, Director James C. Smith sold 17,533 shares of the company’s stock in a transaction dated 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 sale, the director now directly owns 532,294 shares of the company’s stock, valued at $291,212,724.46. This represents a 3.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Claire Herkes sold 411 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $521.24, for a total value of $214,229.64. Following the completion of the sale, the executive vice president now directly owns 1,494 shares of the company’s stock, valued at approximately $778,732.56. This trade represents a 21.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,583 shares of company stock valued at $19,241,974. 3.60% of the stock is currently owned by corporate insiders.

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.