National Pension Service Grows Stock Holdings in Gartner, Inc. $IT

National Pension Service lifted its position in shares of Gartner, Inc. (NYSE:IT) by 5.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 121,861 shares of the information technology services provider’s stock after purchasing an additional 6,575 shares during the period. National Pension Service owned 0.16% of Gartner worth $32,034,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of IT. Aviva PLC raised its holdings in Gartner by 6.1% in the 2nd quarter. Aviva PLC now owns 58,559 shares of the information technology services provider’s stock worth $23,671,000 after acquiring an additional 3,390 shares during the last quarter. Buttonwood Financial Advisors Inc. purchased a new stake in Gartner during the 3rd quarter valued at $1,581,000. Highland Capital Management LLC bought a new stake in shares of Gartner in the 3rd quarter worth $1,502,000. Resona Asset Management Co. Ltd. raised its stake in shares of Gartner by 51.0% in the third quarter. Resona Asset Management Co. Ltd. now owns 248,028 shares of the information technology services provider’s stock worth $65,068,000 after purchasing an additional 83,789 shares during the last quarter. Finally, Laurus Global Equity Management Inc. bought a new position in shares of Gartner during the third quarter valued at $3,833,000. 91.51% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Wells Fargo & Company reduced their price objective on Gartner from $231.00 to $218.00 and set an “underweight” rating for the company in a report on Wednesday, November 5th. William Blair reiterated an “outperform” rating on shares of Gartner in a research note on Tuesday, October 21st. Truist Financial set a $300.00 price objective on shares of Gartner in a report on Wednesday, November 26th. The Goldman Sachs Group lowered their price objective on shares of Gartner from $457.00 to $390.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. Finally, BMO Capital Markets cut their target price on shares of Gartner from $272.00 to $254.00 and set a “market perform” rating for the company in a research report on Wednesday, November 5th. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $309.67.

Insider Activity

In other Gartner news, Director Stephen G. Pagliuca acquired 43,300 shares of the business’s stock in a transaction dated Wednesday, December 10th. The stock was purchased at an average price of $229.57 per share, with a total value of $9,940,381.00. Following the transaction, the director directly owned 111,613 shares in the company, valued at approximately $25,622,996.41. The trade was a 63.38% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Claire Herkes sold 367 shares of the firm’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $231.56, for a total value of $84,982.52. Following the completion of the transaction, the executive vice president directly owned 4,074 shares in the company, valued at approximately $943,375.44. This represents a 8.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 3.60% of the company’s stock.

Gartner Price Performance

Shares of NYSE:IT opened at $202.33 on Tuesday. The firm’s 50 day moving average price is $237.22 and its 200-day moving average price is $250.35. Gartner, Inc. has a twelve month low of $201.78 and a twelve month high of $584.01. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 4.42. The stock has a market capitalization of $14.58 billion, a PE ratio of 17.75 and a beta of 1.06.

Gartner (NYSE:IT) last announced its earnings results on Tuesday, November 4th. The information technology services provider reported $2.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.41 by $0.35. Gartner had a net margin of 13.71% and a return on equity of 92.12%. The company had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.52 billion. Equities research analysts expect that Gartner, Inc. will post 12.5 EPS for the current year.

Gartner Company Profile

Gartner, Inc is a global research and advisory firm that provides insights, advice and tools for leaders in IT, finance, HR, customer service and other business functions. Founded in 1979 and headquartered in Stamford, Connecticut, Gartner specializes in helping organizations make informed decisions about technology, operations and strategy through a combination of published research, advisory services, consulting, executive programs and events.

The company’s offerings include proprietary research reports, market forecasts, and analytical frameworks that are widely used by technology buyers and vendors.