Public Employees Retirement Association of Colorado decreased its stake in Gartner Inc. (NYSE:IT) by 6.9% during the third quarter, Holdings Channel reports. The institutional investor owned 18,150 shares of the company’s stock after selling 1,348 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Gartner were worth $1,605,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Gartner by 1.2% in the second quarter. Vanguard Group Inc. now owns 6,101,315 shares of the company’s stock worth $594,329,000 after buying an additional 70,463 shares during the last quarter. BlackRock Fund Advisors raised its position in shares of Gartner by 8.1% in the second quarter. BlackRock Fund Advisors now owns 3,943,756 shares of the company’s stock worth $384,161,000 after buying an additional 294,168 shares during the last quarter. Polen Capital Management LLC raised its position in shares of Gartner by 10.9% in the second quarter. Polen Capital Management LLC now owns 3,078,851 shares of the company’s stock worth $299,911,000 after buying an additional 303,499 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in shares of Gartner by 6.6% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,824,648 shares of the company’s stock worth $275,149,000 after buying an additional 176,046 shares during the last quarter. Finally, Janus Capital Management LLC raised its position in shares of Gartner by 2.5% in the second quarter. Janus Capital Management LLC now owns 2,325,968 shares of the company’s stock worth $226,572,000 after buying an additional 55,701 shares during the last quarter. Institutional investors own 90.07% of the company’s stock.

Institutional Ownership by Quarter for Gartner (NYSE:IT)

Gartner Inc. (NYSE:IT) traded up 0.68% during trading on Tuesday, hitting $104.08. 324,251 shares of the company’s stock traded hands. The company’s 50 day moving average price is $93.79 and its 200 day moving average price is $94.99. Gartner Inc. has a 52-week low of $77.80 and a 52-week high of $104.62. The company has a market cap of $8.60 billion, a PE ratio of 45.35 and a beta of 1.06.

Gartner (NYSE:IT) last posted its quarterly earnings results on Thursday, November 3rd. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.08. The firm had revenue of $574.10 million for the quarter, compared to analysts’ expectations of $562.68 million. Gartner had a negative return on equity of 306.16% and a net margin of 7.73%. The company’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.45 EPS. Analysts expect that Gartner Inc. will post $2.95 earnings per share for the current year.

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IT has been the topic of a number of research reports. Cantor Fitzgerald reaffirmed a “buy” rating on shares of Gartner in a research note on Friday, August 19th. Zacks Investment Research downgraded shares of Gartner from a “hold” rating to a “sell” rating in a report on Wednesday, October 5th. Macquarie started coverage on shares of Gartner in a report on Thursday, August 25th. They issued an “outperform” rating and a $108.00 price objective on the stock. Morgan Stanley set a $101.00 price objective on shares of Gartner and gave the company a “hold” rating in a report on Friday, August 5th. Finally, Piper Jaffray Cos. reiterated a “neutral” rating and issued a $90.00 price objective (down from $93.00) on shares of Gartner in a report on Monday, August 8th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Gartner currently has an average rating of “Hold” and an average target price of $102.09.

In related news, SVP Alwyn Dawkins sold 2,600 shares of the stock in a transaction on Monday, November 7th. The stock was sold at an average price of $94.99, for a total value of $246,974.00. Following the transaction, the senior vice president now directly owns 19,116 shares in the company, valued at approximately $1,815,828.84. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 4.40% of the company’s stock.

Gartner Company Profile

5 Day Chart for NYSE:IT

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