Bank of New York Mellon Corp Has $223.07 Million Stock Holdings in Gartner, Inc. (NYSE:IT)

Bank of New York Mellon Corp lessened its stake in shares of Gartner, Inc. (NYSE:IT – Get Rating) by 10.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 806,201 shares of the information technology services provider’s stock after selling 90,656 shares during the period. Bank of New York Mellon Corp owned 1.02% of Gartner worth $223,068,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IT. US Bancorp DE grew its holdings in Gartner by 6.0% during the first quarter. US Bancorp DE now owns 2,563 shares of the information technology services provider’s stock valued at $762,000 after purchasing an additional 144 shares during the last quarter. Aviva PLC grew its stake in shares of Gartner by 53.3% in the first quarter. Aviva PLC now owns 42,028 shares of the information technology services provider’s stock worth $12,502,000 after acquiring an additional 14,618 shares during the last quarter. Canada Pension Plan Investment Board grew its stake in shares of Gartner by 9.5% in the first quarter. Canada Pension Plan Investment Board now owns 27,043 shares of the information technology services provider’s stock worth $8,044,000 after acquiring an additional 2,347 shares during the last quarter. Allianz Asset Management GmbH grew its stake in shares of Gartner by 25.2% in the first quarter. Allianz Asset Management GmbH now owns 98,889 shares of the information technology services provider’s stock worth $29,415,000 after acquiring an additional 19,892 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Gartner by 1.1% in the first quarter. Vanguard Group Inc. now owns 9,198,161 shares of the information technology services provider’s stock worth $2,736,085,000 after acquiring an additional 102,709 shares during the last quarter. Institutional investors and hedge funds own 91.86% of the company’s stock.

Insider Buying and Selling at Gartner

In other Gartner news, CEO Eugene A. Hall sold 16,410 shares of Gartner stock in a transaction on Thursday, February 9th. The stock was sold at an average price of $351.33, for a total transaction of $5,765,325.30. Following the completion of the transaction, the chief executive officer now directly owns 1,148,281 shares of the company’s stock, valued at $403,425,563.73. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Eugene A. Hall sold 16,410 shares of the firm’s stock in a transaction on Thursday, February 9th. The stock was sold at an average price of $351.33, for a total value of $5,765,325.30. Following the completion of the sale, the chief executive officer now directly owns 1,148,281 shares in the company, valued at $403,425,563.73. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Yvonne Genovese sold 874 shares of the firm’s stock in a transaction on Friday, March 3rd. The shares were sold at an average price of $334.18, for a total value of $292,073.32. Following the completion of the sale, the executive vice president now owns 2,568 shares of the company’s stock, valued at $858,174.24. The disclosure for this sale can be found here. Over the last three months, insiders sold 43,031 shares of company stock valued at $15,047,172. 3.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

IT has been the topic of several research analyst reports. Morgan Stanley raised their price objective on shares of Gartner from $358.00 to $366.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 8th. BMO Capital Markets raised their price objective on shares of Gartner from $356.00 to $357.00 and gave the stock a “market perform” rating in a research note on Thursday, February 9th. Barclays raised their price objective on shares of Gartner from $330.00 to $350.00 and gave the stock an “equal weight” rating in a research note on Friday, December 2nd. StockNews.com started coverage on shares of Gartner in a research note on Thursday. They issued a “buy” rating on the stock. Finally, Wells Fargo & Company raised their target price on Gartner from $370.00 to $387.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 8th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $359.00.

Gartner Stock Down 1.6 %

Shares of NYSE IT opened at $305.95 on Friday. The stock has a market cap of $24.19 billion, a PE ratio of 30.63, a PEG ratio of 5.08 and a beta of 1.28. The business has a fifty day moving average of $334.65 and a two-hundred day moving average of $321.84. Gartner, Inc. has a 52-week low of $221.39 and a 52-week high of $358.25. The company has a debt-to-equity ratio of 10.77, a quick ratio of 0.77 and a current ratio of 0.77.

Gartner (NYSE:IT – Get Rating) last issued its quarterly earnings data on Tuesday, February 7th. The information technology services provider reported $3.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.57 by $1.13. The company had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Gartner had a return on equity of 2,645.96% and a net margin of 14.75%. The business’s revenue was up 15.2% on a year-over-year basis. During the same period last year, the business earned $2.99 earnings per share. As a group, equities research analysts expect that Gartner, Inc. will post 9.49 earnings per share for the current fiscal year.

Gartner Profile

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Gartner, Inc is a research and advisory company, which equips business leaders with insights, advice, and tools that help build organizations. It operates through the following segments: Research, Consulting, and Conferences. The Research segment provides executives with objective insights and advice through reports, briefings, proprietary tools, access to the firm’s research experts, peer networking services, and membership programs.