Fjarde AP Fonden Fourth Swedish National Pension Fund lessened its stake in shares of Gartner, Inc. (NYSE:IT – Free Report) by 27.0% during the fourth quarter, HoldingsChannel reports. The firm owned 26,606 shares of the information technology services provider’s stock after selling 9,860 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Gartner were worth $6,712,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of IT. Physician Wealth Advisors Inc. lifted its stake in shares of Gartner by 143.9% during the fourth quarter. Physician Wealth Advisors Inc. now owns 100 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 59 shares in the last quarter. Rakuten Securities Inc. lifted its stake in shares of Gartner by 1,980.0% during the fourth quarter. Rakuten Securities Inc. now owns 104 shares of the information technology services provider’s stock worth $26,000 after purchasing an additional 99 shares in the last quarter. Entrust Financial LLC acquired a new position in shares of Gartner during the fourth quarter worth about $26,000. Elyxium Wealth LLC acquired a new position in shares of Gartner during the fourth quarter worth about $28,000. Finally, Activest Wealth Management lifted its stake in shares of Gartner by 11,600.0% during the fourth quarter. Activest Wealth Management now owns 117 shares of the information technology services provider’s stock worth $30,000 after purchasing an additional 116 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.
Gartner Stock Up 0.0%
Shares of NYSE IT opened at $164.09 on Monday. Gartner, Inc. has a 1 year low of $139.18 and a 1 year high of $430.19. The firm has a market cap of $10.99 billion, a price-to-earnings ratio of 16.21, a PEG ratio of 0.90 and a beta of 0.94. The company has a debt-to-equity ratio of 46.98, a quick ratio of 0.94 and a current ratio of 0.94. The stock’s 50-day simple moving average is $155.37 and its 200-day simple moving average is $187.60.
Analysts Set New Price Targets
A number of analysts have recently issued reports on the company. Morgan Stanley dropped their target price on Gartner from $200.00 to $183.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 6th. UBS Group lifted their target price on Gartner from $166.00 to $170.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Barclays dropped their target price on Gartner from $180.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Friday, April 10th. Royal Bank Of Canada dropped their target price on Gartner from $175.00 to $160.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 6th. Finally, Wells Fargo & Company dropped their target price on Gartner from $150.00 to $140.00 and set an “underweight” rating on the stock in a research report on Friday, March 27th. Two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $176.70.
Read Our Latest Research Report on IT
Gartner Company Profile
Gartner, Inc is a global research and advisory firm that provides insights, advice and tools for leaders in IT, finance, HR, customer service and other business functions. Founded in 1979 and headquartered in Stamford, Connecticut, Gartner specializes in helping organizations make informed decisions about technology, operations and strategy through a combination of published research, advisory services, consulting, executive programs and events.
The company’s offerings include proprietary research reports, market forecasts, and analytical frameworks that are widely used by technology buyers and vendors.
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