MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Acquires 1,327 Shares of Gartner, Inc. (NYSE:IT)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its stake in Gartner, Inc. (NYSE:IT) by 6.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,773 shares of the information technology services provider’s stock after purchasing an additional 1,327 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Gartner were worth $10,084,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. ProShare Advisors LLC boosted its holdings in Gartner by 6.6% during the 2nd quarter. ProShare Advisors LLC now owns 14,240 shares of the information technology services provider’s stock worth $6,395,000 after acquiring an additional 885 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Gartner by 39.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 383 shares of the information technology services provider’s stock worth $172,000 after buying an additional 108 shares during the period. Public Sector Pension Investment Board boosted its holdings in shares of Gartner by 66.0% in the second quarter. Public Sector Pension Investment Board now owns 2,930 shares of the information technology services provider’s stock worth $1,316,000 after acquiring an additional 1,165 shares during the period. Bank of Montreal Can grew its holdings in Gartner by 2.9% during the 2nd quarter. Bank of Montreal Can now owns 86,031 shares of the information technology services provider’s stock valued at $38,723,000 after buying an additional 2,402 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in Gartner by 60.2% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 14,907 shares of the information technology services provider’s stock worth $6,694,000 after acquiring an additional 5,600 shares during the period. 91.51% of the stock is owned by institutional investors.

Insider Transactions at Gartner

In other Gartner news, EVP William James Wartinbee III sold 189 shares of the firm’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $523.54, for a total transaction of $98,949.06. Following the completion of the sale, the executive vice president now directly owns 7,311 shares in the company, valued at approximately $3,827,600.94. This trade represents a 2.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Claire Herkes sold 411 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $521.24, for a total transaction of $214,229.64. Following the completion of the transaction, the executive vice president now owns 1,494 shares in the company, valued at approximately $778,732.56. This represents a 21.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 35,583 shares of company stock valued at $19,241,974 in the last ninety days. 3.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on IT shares. Morgan Stanley dropped their price objective on Gartner from $564.00 to $555.00 and set an “equal weight” rating for the company in a research note on Thursday, January 16th. Barclays upgraded Gartner from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $525.00 to $600.00 in a research report on Friday, January 10th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. StockNews.com lowered shares of Gartner from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Finally, Robert W. Baird increased their price target on shares of Gartner from $565.00 to $590.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Gartner currently has a consensus rating of “Hold” and a consensus price target of $550.75.

Gartner Price Performance

IT opened at $523.63 on Friday. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.02 and a quick ratio of 1.02. The stock’s 50 day simple moving average is $505.78 and its 200 day simple moving average is $499.91. The firm has a market cap of $40.39 billion, a price-to-earnings ratio of 38.62, a PEG ratio of 2.92 and a beta of 1.33. Gartner, Inc. has a 1 year low of $411.15 and a 1 year high of $559.00.

Gartner (NYSE:IT) last posted its earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.45 by $0.05. Gartner had a return on equity of 118.27% and a net margin of 17.33%. The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the prior year, the business earned $2.56 EPS. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. As a group, analysts predict that Gartner, Inc. will post 11.87 earnings per share for the current 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.