MetLife Investment Management LLC Has $11.88 Million Stock Position in Gartner, Inc. (NYSE:IT)

MetLife Investment Management LLC cut its holdings in Gartner, Inc. (NYSE:IT) by 3.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,440 shares of the information technology services provider’s stock after selling 722 shares during the quarter. MetLife Investment Management LLC’s holdings in Gartner were worth $11,878,000 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. Transcend Capital Advisors LLC bought a new position in shares of Gartner during the second quarter worth about $512,000. Swedbank AB bought a new position in Gartner during the first quarter worth $30,735,000. Cetera Investment Advisers grew its holdings in Gartner by 245.0% during the 1st quarter. Cetera Investment Advisers now owns 21,453 shares of the information technology services provider’s stock worth $10,226,000 after acquiring an additional 15,235 shares during the period. Choreo LLC acquired a new position in shares of Gartner in the 2nd quarter valued at about $722,000. Finally, Victory Capital Management Inc. boosted its position in shares of Gartner by 43.3% during the 2nd quarter. Victory Capital Management Inc. now owns 59,140 shares of the information technology services provider’s stock valued at $26,557,000 after purchasing an additional 17,874 shares in the last quarter. Institutional investors own 91.51% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Akhil Jain sold 500 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $492.00, for a total transaction of $246,000.00. Following the completion of the sale, the executive vice president now directly owns 4,339 shares of the company’s stock, valued at $2,134,788. This trade represents a 10.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director James C. Smith sold 5,000 shares of Gartner stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $524.02, for a total transaction of $2,620,100.00. Following the completion of the sale, the director now directly owns 509,457 shares in the company, valued at approximately $266,965,657.14. This represents a 0.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 72,149 shares of company stock valued at $37,694,911 in the last three months. 3.60% of the stock is currently owned by insiders.

Gartner Trading Down 0.7 %

IT opened at $519.23 on Friday. The firm has a market capitalization of $40.05 billion, a PE ratio of 38.29, a P/E/G ratio of 3.24 and a beta of 1.32. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.02 and a quick ratio of 1.02. Gartner, Inc. has a fifty-two week low of $411.15 and a fifty-two week high of $559.00. The company’s 50-day moving average is $520.81 and its 200 day moving average is $482.87.

Gartner (NYSE:IT) last issued its quarterly earnings data on Tuesday, November 5th. The information technology services provider reported $2.50 EPS for the quarter, topping the consensus estimate of $2.45 by $0.05. The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.48 billion. Gartner had a return on equity of 118.27% and a net margin of 17.33%. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the business posted $2.56 earnings per share. As a group, research analysts predict that Gartner, Inc. will post 11.89 earnings per share for the current fiscal year.

Analyst Ratings Changes

IT has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft increased their price target on Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a report on Wednesday, November 6th. Morgan Stanley increased their target price on shares of Gartner from $490.00 to $528.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. Robert W. Baird raised 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. Wells Fargo & Company upped their price objective on shares of Gartner from $460.00 to $470.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Finally, Barclays raised their target price on Gartner from $470.00 to $525.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Gartner presently has an average rating of “Hold” and an average target price of $539.25.

Gartner Company 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.