Louisiana State Employees Retirement System Takes Position in Gartner, Inc. (NYSE:IT)

Louisiana State Employees Retirement System acquired a new stake in shares of Gartner, Inc. (NYSE:IT) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 4,700 shares of the information technology services provider’s stock, valued at approximately $2,120,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. OFI Invest Asset Management acquired a new stake in Gartner during the 3rd quarter worth approximately $25,000. BKM Wealth Management LLC acquired a new stake in Gartner during the 4th quarter worth approximately $26,000. Cornerstone Planning Group LLC acquired a new stake in Gartner during the 2nd quarter worth approximately $27,000. VisionPoint Advisory Group LLC increased its position in Gartner by 254.2% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 85 shares of the information technology services provider’s stock worth $29,000 after purchasing an additional 61 shares in the last quarter. Finally, Resurgent Financial Advisors LLC acquired a new stake in Gartner during the 4th quarter worth approximately $29,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insider Activity

In other news, EVP Claire Herkes sold 1,460 shares of the 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 completion of the transaction, the executive vice president now directly owns 2,842 shares in the company, valued at approximately $1,352,109.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, EVP Claire Herkes sold 1,460 shares of the 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 completion of the transaction, the executive vice president now directly owns 2,842 shares in the company, valued at approximately $1,352,109.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Valentin Sribar sold 682 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $453.00, for a total value of $308,946.00. Following the transaction, the executive vice president now owns 12,269 shares of the company’s stock, valued at $5,557,857. The disclosure for this sale can be found here. In the last three months, insiders sold 22,952 shares of company stock worth $10,598,070. 3.90% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

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

Gartner Stock Down 1.9 %

Shares of NYSE:IT opened at $449.41 on Thursday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 3.60. Gartner, Inc. has a 52-week low of $292.60 and a 52-week high of $486.54. The company has a 50 day moving average of $465.66 and a two-hundred day moving average of $433.71. The company has a market capitalization of $35.04 billion, a price-to-earnings ratio of 40.63, a price-to-earnings-growth ratio of 4.23 and a beta of 1.29.

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