Gartner Inc (IT) Stake Lessened by Standard Life Aberdeen plc

Standard Life Aberdeen plc decreased its position in Gartner Inc (NYSE:IT) by 1.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,621 shares of the information technology services provider’s stock after selling 370 shares during the quarter. Standard Life Aberdeen plc’s holdings in Gartner were worth $2,966,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc lifted its stake in Gartner by 0.5% in the third quarter. Vanguard Group Inc now owns 9,199,545 shares of the information technology services provider’s stock worth $1,458,127,000 after acquiring an additional 43,975 shares during the period. BlackRock Inc. lifted its stake in Gartner by 5.6% in the fourth quarter. BlackRock Inc. now owns 6,264,009 shares of the information technology services provider’s stock worth $800,789,000 after acquiring an additional 331,238 shares during the period. Janus Henderson Group PLC lifted its stake in Gartner by 1.9% in the third quarter. Janus Henderson Group PLC now owns 5,339,576 shares of the information technology services provider’s stock worth $846,323,000 after acquiring an additional 100,882 shares during the period. CIBC Private Wealth Group LLC lifted its stake in Gartner by 0.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 798,511 shares of the information technology services provider’s stock worth $102,082,000 after acquiring an additional 5,820 shares during the period. Finally, FMR LLC lifted its stake in Gartner by 12.9% in the third quarter. FMR LLC now owns 508,645 shares of the information technology services provider’s stock worth $80,621,000 after acquiring an additional 57,961 shares during the period. Hedge funds and other institutional investors own 97.22% of the company’s stock.

A number of brokerages recently commented on IT. TheStreet raised Gartner from a “c+” rating to a “b” rating in a research note on Tuesday, February 5th. Bank of America reaffirmed a “buy” rating and issued a $150.00 price target on shares of Gartner in a research note on Wednesday, February 6th. Cantor Fitzgerald lowered Gartner from an “overweight” rating to a “neutral” rating in a research note on Wednesday, February 6th. BMO Capital Markets lowered Gartner from an “outperform” rating to a “market perform” rating and set a $139.30 price target for the company. in a research note on Wednesday, February 6th. Finally, Morgan Stanley dropped their price target on Gartner from $144.00 to $134.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $142.81.

In related news, CFO Craig Safian sold 3,635 shares of Gartner stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $140.64, for a total value of $511,226.40. Following the completion of the sale, the chief financial officer now directly owns 33,008 shares in the company, valued at approximately $4,642,245.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Eugene A. Hall sold 90,935 shares of Gartner stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $143.22, for a total value of $13,023,710.70. Following the completion of the sale, the chief executive officer now owns 1,174,006 shares of the company’s stock, valued at $168,141,139.32. The disclosure for this sale can be found here. Insiders have sold 104,975 shares of company stock valued at $15,020,962 in the last three months. Insiders own 4.00% of the company’s stock.

Shares of Gartner stock opened at $144.13 on Friday. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 2.49. The firm has a market cap of $13.00 billion, a price-to-earnings ratio of 38.03, a PEG ratio of 2.51 and a beta of 1.31. Gartner Inc has a 12 month low of $114.40 and a 12 month high of $161.21.

Gartner (NYSE:IT) last announced its quarterly earnings data on Tuesday, February 5th. The information technology services provider reported $1.20 EPS for the quarter, missing the consensus estimate of $1.25 by ($0.05). The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Gartner had a net margin of 3.08% and a return on equity of 37.74%. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.17 EPS. Sell-side analysts anticipate that Gartner Inc will post 3.97 EPS for the current year.

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About Gartner

Gartner, Inc operates as a research and advisory company. It operates through three segments: Research, Conferences, and Consulting. The Research segment offers objective insights and advice on the priorities of various leaders in a range of functional areas of the enterprise through research and other reports, briefings, proprietary tools, access to analysts, peer networking services, and membership programs that enable clients to make better decisions; and practice and talent management research insights in various business functions, such as human resources, sales, legal, and finance.

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Institutional Ownership by Quarter for Gartner (NYSE:IT)

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