Fjarde AP Fonden Fourth Swedish National Pension Fund Purchases 1,900 Shares of Gartner, Inc. (NYSE:IT)

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in shares of Gartner, Inc. (NYSE:IT) by 12.5% during the fourth quarter, Holdings Channel reports. The firm owned 17,066 shares of the information technology services provider’s stock after acquiring an additional 1,900 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Gartner were worth $8,268,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in IT. Howard Capital Management Inc. boosted its position in Gartner by 4.4% in the fourth quarter. Howard Capital Management Inc. now owns 452 shares of the information technology services provider’s stock worth $219,000 after purchasing an additional 19 shares during the last quarter. Lansing Street Advisors bought a new stake in shares of Gartner during the 4th quarter worth $222,000. TCW Group Inc. boosted its holdings in shares of Gartner by 6.3% in the 4th quarter. TCW Group Inc. now owns 219,742 shares of the information technology services provider’s stock worth $106,458,000 after buying an additional 12,956 shares during the last quarter. Fisher Funds Management LTD bought a new position in Gartner during the fourth quarter valued at about $97,518,000. Finally, Olympiad Research LP bought a new position in Gartner during the fourth quarter valued at about $390,000. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Gartner Price Performance

Shares of NYSE IT opened at $497.72 on Tuesday. The stock has a fifty day moving average of $509.33 and a 200-day moving average of $509.73. The stock has a market cap of $38.23 billion, a PE ratio of 31.05, a price-to-earnings-growth ratio of 3.30 and a beta of 1.34. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.06 and a current ratio of 1.06. Gartner, Inc. has a fifty-two week low of $411.15 and a fifty-two week high of $584.01.

Gartner (NYSE:IT) last posted its earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share for the quarter, beating analysts’ consensus estimates of $3.22 by $2.23. Gartner had a return on equity of 116.56% and a net margin of 20.00%. The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.69 billion. During the same quarter in the previous year, the firm earned $3.04 EPS. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. Equities research analysts anticipate that Gartner, Inc. will post 12.5 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on IT shares. Wells Fargo & Company dropped their target price on shares of Gartner from $470.00 to $460.00 and set an “underweight” rating on the stock in a research note on Friday, January 10th. Robert W. Baird upped their price objective on Gartner from $579.00 to $605.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. The Goldman Sachs Group reissued a “buy” rating on shares of Gartner in a report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft boosted their target price on Gartner from $529.00 to $531.00 and gave the company a “hold” rating in a research note on Wednesday, November 6th. Finally, Barclays upgraded Gartner from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $525.00 to $600.00 in a research note on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Gartner presently has an average rating of “Moderate Buy” and an average target price of $552.63.

Insider Buying and Selling

In other Gartner news, SVP John J. Rinello sold 90 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $530.51, for a total value of $47,745.90. Following the transaction, the senior vice president now directly owns 3,259 shares in the company, valued at $1,728,932.09. This represents a 2.69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP William James Wartinbee III sold 189 shares of Gartner stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $523.54, for a total value of $98,949.06. Following the sale, the executive vice president now owns 7,311 shares of the company’s stock, valued at approximately $3,827,600.94. This trade represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 690 shares of company stock valued at $360,925. Company insiders own 3.60% of the company’s stock.

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.