Swedbank AB Has $27.71 Million Stock Position in Gartner, Inc. (NYSE:IT)

Swedbank AB lessened its holdings in shares of Gartner, Inc. (NYSE:IT) by 7.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 57,198 shares of the information technology services provider’s stock after selling 4,406 shares during the period. Swedbank AB owned 0.07% of Gartner worth $27,711,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. State Street Corp grew its position in shares of Gartner by 1.1% in the 3rd quarter. State Street Corp now owns 3,257,355 shares of the information technology services provider’s stock valued at $1,650,697,000 after buying an additional 36,258 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Gartner by 1.9% in the third quarter. Geode Capital Management LLC now owns 2,018,358 shares of the information technology services provider’s stock valued at $1,020,378,000 after acquiring an additional 36,698 shares during the last quarter. Principal Financial Group Inc. increased its position in Gartner by 5.5% during 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 period. JPMorgan Chase & Co. raised its holdings in Gartner by 7.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,036,530 shares of the information technology services provider’s stock worth $525,272,000 after purchasing an additional 70,236 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of Gartner by 3.3% in the 3rd quarter. Franklin Resources Inc. now owns 801,589 shares of the information technology services provider’s stock worth $422,678,000 after purchasing an additional 25,315 shares during the period. Institutional investors own 91.51% of the company’s stock.

Wall Street Analysts Forecast Growth

IT has been the subject of several recent analyst reports. Robert W. Baird increased their price objective on shares of Gartner from $565.00 to $590.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Morgan Stanley cut their target price on Gartner from $564.00 to $555.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 16th. StockNews.com raised Gartner from a “hold” rating to a “buy” rating in a research note on Monday. Wells Fargo & Company reduced their price objective on shares of Gartner from $470.00 to $460.00 and set an “underweight” rating for the company in a research report on Friday, January 10th. Finally, Barclays upgraded shares of Gartner from an “equal weight” rating to an “overweight” rating and boosted their target price 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 given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Gartner presently has an average rating of “Hold” and a consensus price target of $550.75.

Gartner Stock Up 2.0 %

Shares of NYSE IT opened at $548.69 on Friday. 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 stock has a market capitalization of $42.32 billion, a P/E ratio of 40.46, a P/E/G ratio of 2.92 and a beta of 1.33. The company has a 50-day moving average price of $507.44 and a 200-day moving average price of $503.18.

Gartner (NYSE:IT) last issued its quarterly earnings data on Tuesday, November 5th. The information technology services provider reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $2.45 by $0.05. Gartner had a return on equity of 118.27% and a net margin of 17.33%. The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same period in the previous year, the company posted $2.56 EPS. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, equities research analysts forecast that Gartner, Inc. will post 11.87 EPS for the current fiscal year.

Insider Buying and Selling at Gartner

In other Gartner news, Director James C. Smith sold 17,533 shares of Gartner stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $547.09, for a total transaction of $9,592,128.97. Following the transaction, the director now owns 532,294 shares of the company’s stock, valued at $291,212,724.46. This trade represents a 3.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP William James Wartinbee III sold 189 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were 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 of the company’s stock, valued at $3,827,600.94. The trade was a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 35,583 shares of company stock worth $19,241,974. Corporate insiders own 3.60% of the company’s stock.

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.