California State Teachers Retirement System Lowers Stake in Gartner, Inc. $IT

California State Teachers Retirement System trimmed its stake in shares of Gartner, Inc. (NYSE:IT - Free Report) by 28.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 76,013 shares of the information technology services provider's stock after selling 30,655 shares during the period. California State Teachers Retirement System owned about 0.12% of Gartner worth $9,852,805 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Paralel Advisors LLC purchased a new position in shares of Gartner during the 2nd quarter worth approximately $1,895,000. Angeles Wealth Management LLC raised its position in shares of Gartner by 47.4% during the second quarter. Angeles Wealth Management LLC now owns 2,020 shares of the information technology services provider's stock worth $262,000 after purchasing an additional 650 shares during the period. AlphaGrep UK Ltd bought a new stake in Gartner in the second quarter worth approximately $707,000. Syon Capital LLC raised its holdings in Gartner by 5.3% in the 2nd quarter. Syon Capital LLC now owns 1,623 shares of the information technology services provider's stock valued at $210,000 after acquiring an additional 82 shares in the last quarter. Finally, NEOS Investment Management LLC lifted its position in Gartner by 5.7% during the 2nd quarter. NEOS Investment Management LLC now owns 10,390 shares of the information technology services provider's stock worth $1,347,000 after buying an additional 560 shares in the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

IT has been the subject of several recent research reports. Royal Bank Of Canada boosted their price target on Gartner from $160.00 to $164.00 and gave the company a "sector perform" rating in a research note on Wednesday, August 5th. Morgan Stanley set a $177.00 target price on Gartner in a report on Wednesday, August 5th. Weiss Ratings upgraded shares of Gartner from a "sell (d)" rating to a "sell (d+)" rating in a research note on Thursday, August 13th. UBS Group reaffirmed a "neutral" rating and set a $196.00 price target on shares of Gartner in a research report on Thursday, September 10th. Finally, Zacks Research upgraded Gartner from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $187.30.

Insider Buying and Selling at Gartner

In other news, EVP Robin Kranich sold 3,278 shares of the stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $196.50, for a total transaction of $644,127.00. Following the transaction, the executive vice president directly owned 20,358 shares of the company's stock, valued at $4,000,347. This represents a 13.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Akhil Jain sold 700 shares of the stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $201.73, for a total transaction of $141,211.00. Following the completion of the sale, the executive vice president directly owned 8,130 shares in the company, valued at $1,640,064.90. This trade represents a 7.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 6,043 shares of company stock worth $1,172,858. Insiders own 2.60% of the company's stock.

Gartner Stock Performance

Shares of IT traded up $2.31 on Tuesday, reaching $199.38. 637,549 shares of the stock traded hands, compared to its average volume of 1,530,849. Gartner, Inc. has a 12 month low of $124.25 and a 12 month high of $265.85. The company has a debt-to-equity ratio of 46.98, a current ratio of 0.88 and a quick ratio of 0.88. The stock's 50-day moving average price is $169.40 and its 200-day moving average price is $158.49. The firm has a market cap of $12.59 billion, a price-to-earnings ratio of 17.87, a P/E/G ratio of 0.68 and a beta of 0.96.

Gartner (NYSE:IT - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The information technology services provider reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.76 by $0.61. Gartner had a return on equity of 525.46% and a net margin of 11.99%.The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same quarter in the prior year, the company earned $3.53 earnings per share. The business's revenue for the quarter was down .6% compared to the same quarter last year. Gartner has set its FY 2026 guidance at 14.000- EPS. Equities analysts forecast that Gartner, Inc. will post 14.39 EPS for the current fiscal year.

Gartner Profile

Gartner, Inc NYSE: IT is a global research and advisory company that provides independent insights, practical guidance and tools to help organizations make decisions about technology, business strategy and operations. Its clients include businesses, government agencies and other institutions across a wide range of industries and geographies.

The company's primary offerings include subscription-based research, analyst advice, benchmarking data, consulting services and executive programs.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.