Kentucky Retirement Systems Has $2.72 Million Holdings in Gartner, Inc. (NYSE:IT)

Kentucky Retirement Systems trimmed its position in shares of Gartner, Inc. (NYSE:IT) by 8.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,368 shares of the information technology services provider’s stock after selling 482 shares during the quarter. Kentucky Retirement Systems’ holdings in Gartner were worth $2,720,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in IT. Sustainable Growth Advisers LP acquired a new stake in Gartner in the second quarter valued at approximately $266,541,000. Principal Financial Group Inc. lifted its stake in shares of Gartner by 22.0% in 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 purchasing an additional 341,911 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Gartner by 38.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 414,559 shares of the information technology services provider’s stock worth $197,608,000 after purchasing an additional 114,610 shares in the last quarter. Natixis Advisors LLC increased its position in Gartner by 117.4% during the second quarter. Natixis Advisors LLC now owns 200,097 shares of the information technology services provider’s stock worth $89,856,000 after buying an additional 108,061 shares during the last quarter. Finally, Swedbank AB acquired a new position in Gartner during the first quarter worth $30,735,000. Institutional investors own 91.51% of the company’s stock.

Insider Transactions at Gartner

In other Gartner news, Director James C. Smith sold 2,450 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $554.68, for a total transaction of $1,358,966.00. Following the completion of the transaction, the director now directly owns 529,844 shares in the company, valued at $293,893,869.92. This represents a 0.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Scott Hensel sold 5,580 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $490.00, for a total transaction of $2,734,200.00. Following the completion of the sale, the executive vice president now owns 19,724 shares in the company, valued at $9,664,760. This represents a 22.05 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 73,172 shares of company stock valued at $38,023,255. Company insiders own 3.60% of the company’s stock.

Analysts Set New Price Targets

IT has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft boosted their price target on Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. Wells Fargo & Company upped their target price on Gartner from $460.00 to $470.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. Morgan Stanley raised their price target on Gartner from $490.00 to $528.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. Barclays boosted their price objective on Gartner from $470.00 to $525.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 6th. Finally, UBS Group raised their target price on Gartner from $510.00 to $580.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $539.25.

Gartner Trading Down 2.7 %

Shares of IT opened at $522.86 on Monday. The stock’s 50-day moving average price is $518.32 and its 200 day moving average price is $478.34. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.31. The firm has a market capitalization of $40.29 billion, a price-to-earnings ratio of 38.56, a P/E/G ratio of 3.27 and a beta of 1.32. Gartner, Inc. has a 12-month low of $411.15 and a 12-month high of $559.00.

Gartner (NYSE:IT) last issued its earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 EPS for the quarter, beating 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 business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same period in the prior year, the company posted $2.56 earnings per share. Gartner’s revenue was up 5.4% on a year-over-year basis. As a group, research analysts predict that Gartner, Inc. will post 11.89 earnings per share for the current year.

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.