Louisiana State Employees Retirement System Lowers Holdings in Gartner, Inc. (NYSE:IT)

Louisiana State Employees Retirement System reduced its stake in shares of Gartner, Inc. (NYSE:IT) by 4.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,100 shares of the information technology services provider’s stock after selling 200 shares during the period. Louisiana State Employees Retirement System’s holdings in Gartner were worth $1,986,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Creative Planning boosted its holdings in shares of Gartner by 13.9% in the 3rd quarter. Creative Planning now owns 10,735 shares of the information technology services provider’s stock valued at $5,440,000 after purchasing an additional 1,307 shares during the last quarter. Asset Dedication LLC boosted its holdings in Gartner by 46.5% in the third quarter. Asset Dedication LLC now owns 148 shares of the information technology services provider’s stock valued at $75,000 after acquiring an additional 47 shares during the last quarter. Vontobel Holding Ltd. grew its position in Gartner by 1.8% during the third quarter. Vontobel Holding Ltd. now owns 10,134 shares of the information technology services provider’s stock valued at $5,136,000 after acquiring an additional 182 shares during the period. Hengehold Capital Management LLC increased its stake in Gartner by 27.0% during the third quarter. Hengehold Capital Management LLC now owns 598 shares of the information technology services provider’s stock worth $303,000 after acquiring an additional 127 shares during the last quarter. Finally, Bleakley Financial Group LLC raised its holdings in shares of Gartner by 6.1% in the 3rd quarter. Bleakley Financial Group LLC now owns 3,550 shares of the information technology services provider’s stock worth $1,799,000 after purchasing an additional 203 shares during the period. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Gartner

In other news, Director James C. Smith sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $524.02, for a total transaction of $2,620,100.00. Following the completion of the transaction, the director now directly owns 509,457 shares of the company’s stock, valued at approximately $266,965,657.14. This represents a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Claire Herkes sold 411 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was 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 in the company, valued at approximately $778,732.56. This trade represents a 21.57 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,690 shares of company stock worth $2,981,025. 3.60% of the stock is currently owned by corporate insiders.

Gartner Stock Down 0.4 %

Shares of NYSE:IT opened at $515.34 on Friday. The firm has a market cap of $39.75 billion, a PE ratio of 32.15, a price-to-earnings-growth ratio of 3.50 and a beta of 1.34. The company has a fifty day simple moving average of $510.09 and a 200 day simple moving average of $508.32. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. Gartner, Inc. has a 12-month low of $411.15 and a 12-month high of $584.01.

Gartner (NYSE:IT) last released its earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share for the quarter, topping the consensus estimate of $3.22 by $2.23. The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.69 billion. Gartner had a net margin of 20.00% and a return on equity of 136.32%. The company’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.04 EPS. On average, equities research analysts anticipate that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on IT. StockNews.com raised shares of Gartner from a “hold” rating to a “buy” rating in a research report on Wednesday. Morgan Stanley reduced their target price 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. Deutsche Bank Aktiengesellschaft increased their price target on Gartner from $529.00 to $531.00 and gave the company a “hold” rating in a report on Wednesday, November 6th. Robert W. Baird boosted their price target on Gartner from $579.00 to $605.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. Finally, Barclays raised shares of Gartner from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $525.00 to $600.00 in a research report on Friday, January 10th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $552.63.

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.