New York State Common Retirement Fund trimmed its holdings in shares of Gartner, Inc. (NYSE:IT - Free Report) by 15.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 44,989 shares of the information technology services provider's stock after selling 8,000 shares during the quarter. New York State Common Retirement Fund owned approximately 0.06% of Gartner worth $22,799,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in IT. Sustainable Growth Advisers LP bought a new position in shares of Gartner in the second quarter worth approximately $266,541,000. Principal Financial Group Inc. boosted its position in shares of Gartner by 22.0% in the second quarter. Principal Financial Group Inc. now owns 1,897,328 shares of the information technology services provider's stock worth $852,014,000 after purchasing an additional 341,911 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Gartner by 38.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 414,559 shares of the information technology services provider's stock worth $197,608,000 after purchasing an additional 114,610 shares during the period. Natixis Advisors LLC boosted its position in shares of Gartner by 117.4% in the second quarter. Natixis Advisors LLC now owns 200,097 shares of the information technology services provider's stock worth $89,856,000 after purchasing an additional 108,061 shares during the period. Finally, Swedbank AB bought a new position in shares of Gartner in the first quarter worth approximately $30,735,000. 91.51% of the stock is currently owned by institutional investors.
Gartner stock opened at $505.06 on Tuesday. The company has a market cap of $38.92 billion, a price-to-earnings ratio of 48.10, a PEG ratio of 3.12 and a beta of 1.32. The firm's fifty day moving average is $508.33 and its 200 day moving average is $471.70. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 3.80. Gartner, Inc. has a 52-week low of $382.27 and a 52-week high of $535.29.
IT has been the subject of a number of recent analyst reports. Morgan Stanley upped their price target on shares of Gartner from $490.00 to $528.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 10th. UBS Group boosted their target price on shares of Gartner from $510.00 to $580.00 and gave the stock a "buy" rating in a report on Wednesday, July 31st. Robert W. Baird boosted their target price on shares of Gartner from $517.00 to $565.00 and gave the stock an "outperform" rating in a report on Wednesday, July 31st. Bank of America boosted their target price on shares of Gartner from $525.00 to $580.00 and gave the stock a "buy" rating in a report on Wednesday, July 31st. Finally, StockNews.com downgraded shares of Gartner from a "buy" rating to a "hold" rating in a report on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $532.86.
View Our Latest Stock Analysis on Gartner
In related news, EVP Yvonne Genovese sold 443 shares of the company's stock in a transaction on Monday, August 26th. The shares were sold at an average price of $483.62, for a total transaction of $214,243.66. Following the sale, the executive vice president now owns 1,959 shares of the company's stock, valued at $947,411.58. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, EVP Claire Herkes sold 478 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of $506.01, for a total value of $241,872.78. Following the sale, the executive vice president now owns 1,905 shares of the company's stock, valued at approximately $963,949.05. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Yvonne Genovese sold 443 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $483.62, for a total transaction of $214,243.66. Following the completion of the sale, the executive vice president now directly owns 1,959 shares in the company, valued at approximately $947,411.58. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 49,899 shares of company stock valued at $24,959,886 over the last 90 days. 3.60% of the stock is owned by corporate insiders.
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.
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