Sumitomo Mitsui Trust Holdings Inc. Has $86.38 Million Position in Gartner, Inc. (NYSE:IT)

Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Gartner, Inc. (NYSE:IT) by 1.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 191,485 shares of the information technology services provider’s stock after purchasing an additional 2,283 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned 0.25% of Gartner worth $86,381,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in IT. Fox Run Management L.L.C. acquired a new position in shares of Gartner in the third quarter worth $230,000. RFG Advisory LLC increased its stake in shares of Gartner by 37.2% in the fourth quarter. RFG Advisory LLC now owns 1,589 shares of the information technology services provider’s stock worth $717,000 after acquiring an additional 431 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Gartner by 169.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 37,708 shares of the information technology services provider’s stock worth $17,010,000 after acquiring an additional 23,701 shares during the last quarter. Chapin Davis Inc. acquired a new position in shares of Gartner in the fourth quarter worth $960,000. Finally, Stifel Financial Corp increased its stake in shares of Gartner by 32.6% in the third quarter. Stifel Financial Corp now owns 33,817 shares of the information technology services provider’s stock worth $11,620,000 after acquiring an additional 8,319 shares during the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Gartner

In other Gartner news, EVP Claire Herkes sold 1,460 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $475.76, for a total value of $694,609.60. Following the sale, the executive vice president now owns 2,842 shares of the company’s stock, valued at approximately $1,352,109.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Claire Herkes sold 1,460 shares of Gartner stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $475.76, for a total transaction of $694,609.60. Following the sale, the executive vice president now owns 2,842 shares of the company’s stock, valued at approximately $1,352,109.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James C. Smith sold 5,000 shares of Gartner stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $470.09, for a total value of $2,350,450.00. Following the sale, the director now directly owns 618,235 shares in the company, valued at approximately $290,626,091.15. The disclosure for this sale can be found here. Insiders have sold 22,952 shares of company stock valued at $10,598,070 in the last 90 days. 3.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

IT has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft began coverage on shares of Gartner in a research note on Tuesday. They issued a “hold” rating and a $507.00 price target on the stock. Morgan Stanley upped their price target on Gartner from $421.00 to $446.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 6th. UBS Group raised Gartner from a “neutral” rating to a “buy” rating and increased their price objective for the company from $484.00 to $550.00 in a report on Thursday, April 11th. StockNews.com downgraded Gartner from a “buy” rating to a “hold” rating in a research note on Saturday, February 10th. Finally, BMO Capital Markets raised their price objective on Gartner from $444.00 to $450.00 and gave the company a “market perform” rating in a research note on Thursday, February 8th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $477.60.

Gartner Stock Down 1.9 %

Shares of IT stock opened at $449.41 on Thursday. The company has a market capitalization of $35.04 billion, a price-to-earnings ratio of 40.63, a PEG ratio of 4.23 and a beta of 1.29. The stock’s 50 day simple moving average is $465.66 and its 200 day simple moving average is $433.71. The company has a debt-to-equity ratio of 3.60, a quick ratio of 0.91 and a current ratio of 0.91. Gartner, Inc. has a twelve month low of $292.60 and a twelve month high of $486.54.

Gartner (NYSE:IT) last released its earnings results on Tuesday, February 6th. The information technology services provider reported $3.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.83 by $0.21. The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.59 billion. Gartner had a return on equity of 156.35% and a net margin of 14.94%. The company’s revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the firm posted $3.70 EPS. As a group, research analysts predict that Gartner, Inc. will post 11.36 EPS 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.