2 weeks Ago By ABMN Staff
Dai ichi Life Insurance Company Ltd cut its holdings in Gartner, Inc. ( NYSE:IT – Free Report ) by 46.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission.
The institutional investor owned 5,663 shares of the information technology services provider’s stock after selling 4,900 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in Gartner were worth $2,543,000 at the end of the most recent reporting period. A number of other hedge funds and other institutional investors have also recently bought and sold shares of IT.
Frazier Financial Advisors LLC bought a new stake in shares of Gartner during the 4th quarter valued at approximately $27,000. DSM Capital Partners LLC bought a new stake in shares of Gartner during the fourth quarter worth $32,000. Central Pacific Bank Trust Division acquired a new position in shares of Gartner during the first quarter worth $36,000.
Crewe Advisors LLC lifted its stake in shares of Gartner by 223.3% in the 2nd quarter. Crewe Advisors LLC now owns 97 shares of the information technology services provider’s stock valued at $44,000 after acquiring an additional 67 shares during the last quarter.
Finally, J.Safra Asset Management Corp grew its position in Gartner by 58.7% during the 1st quarter.
J.Safra Asset Management Corp now owns 146 shares of the information technology services provider’s stock worth $70,000 after acquiring an additional 54 shares during the last quarter. Institutional investors own 91.
51% of the company’s stock. Gartner Stock Performance Shares of IT stock opened at $510.56 on Monday.
The firm has a 50 day moving average of $477.01 and a 200-day moving average of $460.65.
The company has a market cap of $39.34 billion, a price-to-earnings ratio of 50.80, a price-to-earnings-growth ratio of 3.
89 and a beta of 1.32. 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 $323.61 and a 52 week high of $510.
98. Wall Street Analyst Weigh In Several equities analysts have commented on IT shares. Morgan Stanley increased their target price on Gartner from $440.
00 to $470.00 and gave the company an “equal weight” rating in a research report on Thursday, July 11th. BMO Capital Markets lifted their target price on shares of Gartner from $450.
00 to $510.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 31st. UBS Group upped their price target on shares of Gartner from $510.
00 to $580.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. StockNews.
com lowered shares of Gartner from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Finally, Wells Fargo & Company raised Gartner to a “strong sell” rating in a research report on Tuesday, August 13th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock.
According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $521.00.
Check Out Our Latest Report on IT Insiders Place Their Bets In related news, Director Anne Sutherland Fuchs sold 500 shares of the stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $505.28, for a total value of $252,640.
00. Following the transaction, the director now directly owns 8,059 shares in the company, valued at approximately $4,072,051.52.
The sale was disclosed in a document filed with the SEC, which is available through the SEC website . In other news, CEO Eugene A. Hall sold 12,082 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st.
The stock was sold at an average price of $504.84, for a total value of $6,099,476.88.
Following the transaction, the chief executive officer now owns 1,143,389 shares in the company, valued at $577,228,502.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website .
Also, Director Anne Sutherland Fuchs sold 500 shares of the company’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $505.28, for a total value of $252,640.
00. Following the sale, the director now owns 8,059 shares of the company’s stock, valued at approximately $4,072,051.52.
The disclosure for this sale can be found here . Over the last quarter, insiders have sold 30,626 shares of company stock worth $15,145,217. Corporate insiders own 3.
60% of the company’s stock. Gartner Company Profile ( Free Report ) 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. Further Reading Want to see what other hedge funds are holding IT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gartner, Inc.
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