Louisiana State Employees Retirement System lessened its stake in Gartner Inc (NYSE:IT) by 9.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 4,800 shares of the information technology services provider’s stock after selling 500 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Gartner were worth $614,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in IT. Renaissance Technologies LLC purchased a new stake in Gartner during the second quarter worth approximately $201,000. Millennium Management LLC lifted its stake in Gartner by 131.9% during the second quarter. Millennium Management LLC now owns 22,526 shares of the information technology services provider’s stock worth $2,994,000 after purchasing an additional 12,812 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in Gartner by 1,662.7% during the second quarter. Advisors Asset Management Inc. now owns 23,920 shares of the information technology services provider’s stock worth $167,000 after purchasing an additional 22,563 shares during the last quarter. Verition Fund Management LLC purchased a new stake in Gartner during the second quarter worth approximately $328,000. Finally, Spence Asset Management lifted its stake in Gartner by 1.5% during the third quarter. Spence Asset Management now owns 55,852 shares of the information technology services provider’s stock worth $8,853,000 after purchasing an additional 831 shares during the last quarter.

IT has been the topic of several research analyst reports. Wells Fargo & Co lifted their price target on Gartner from $130.00 to $155.00 and gave the stock a “market perform” rating in a research report on Monday, October 1st. Morgan Stanley set a $144.00 price target on Gartner and gave the stock a “hold” rating in a research report on Monday, October 15th. Bank of America initiated coverage on Gartner in a research report on Monday, October 22nd. They set a “buy” rating on the stock. BMO Capital Markets reaffirmed a “buy” rating and set a $174.00 price target on shares of Gartner in a research report on Sunday, October 21st. Finally, TheStreet lowered Gartner from a “b” rating to a “c+” rating in a research report on Thursday, November 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $146.10.

IT opened at $131.87 on Monday. The company has a market cap of $11.99 billion, a price-to-earnings ratio of 34.98, a PEG ratio of 2.18 and a beta of 1.29. Gartner Inc has a 52 week low of $111.57 and a 52 week high of $161.21. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 2.21.

Gartner (NYSE:IT) last released its quarterly earnings results on Thursday, November 1st. The information technology services provider reported $0.85 EPS for the quarter, topping the consensus estimate of $0.62 by $0.23. The company had revenue of $922.00 million for the quarter, compared to analyst estimates of $919.96 million. Gartner had a return on equity of 36.22% and a net margin of 3.74%. The firm’s revenue was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.65 earnings per share. Equities analysts predict that Gartner Inc will post 3.65 earnings per share for the current fiscal year.

In other news, EVP Robin B. Kranich sold 1,763 shares of the business’s stock in a transaction that occurred on Wednesday, November 21st. The stock was sold at an average price of $147.55, for a total value of $260,130.65. Following the transaction, the executive vice president now owns 27,819 shares of the company’s stock, valued at $4,104,693.45. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Robin B. Kranich sold 3,085 shares of the business’s stock in a transaction that occurred on Wednesday, November 28th. The shares were sold at an average price of $149.24, for a total value of $460,405.40. Following the completion of the transaction, the executive vice president now directly owns 11,914 shares in the company, valued at approximately $1,778,045.36. The disclosure for this sale can be found here. In the last three months, insiders sold 7,226 shares of company stock worth $1,070,818. Corporate insiders own 4.00% of the company’s stock.

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Gartner Company Profile

Gartner, Inc operates as a research and advisory company. It operates through four segments: Research, Consulting, Events, and Talent Assessment & Other. The Research segment offers objective insights and advice on the priorities of various leaders in a range of functional areas of the enterprise through research and other reports, briefings, proprietary tools, access to our analysts, peer networking services, and membership programs that enable clients to make better decisions; and practice and talent management research insights in various business functions, such as human resources, sales, legal, and finance.

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Institutional Ownership by Quarter for Gartner (NYSE:IT)

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