Gartner, Inc. (NYSE:IT) Holdings Decreased by New York State Teachers Retirement System

New York State Teachers Retirement System decreased its holdings in Gartner, Inc. (NYSE:IT - Free Report) by 4.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,565 shares of the information technology services provider's stock after selling 2,980 shares during the quarter. New York State Teachers Retirement System owned approximately 0.09% of Gartner worth $28,360,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Cary Street Partners Financial LLC acquired a new position in shares of Gartner in the 4th quarter valued at about $27,000. Itau Unibanco Holding S.A. lifted its stake in shares of Gartner by 453.3% in the 4th quarter. Itau Unibanco Holding S.A. now owns 83 shares of the information technology services provider's stock valued at $40,000 after purchasing an additional 68 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Gartner in the 4th quarter valued at about $49,000. Promus Capital LLC acquired a new position in shares of Gartner in the 4th quarter valued at about $57,000. Finally, Bartlett & CO. Wealth Management LLC lifted its stake in shares of Gartner by 57.5% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 167 shares of the information technology services provider's stock valued at $70,000 after purchasing an additional 61 shares in the last quarter. Hedge funds and other institutional investors own 91.51% of the company's stock.

Insider Buying and Selling

In other news, EVP Akhil Jain sold 625 shares of the business's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $450.00, for a total value of $281,250.00. Following the completion of the sale, the executive vice president directly owned 6,548 shares in the company, valued at approximately $2,946,600. The trade was a 8.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP John J. Rinello sold 109 shares of the business's stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $436.35, for a total value of $47,562.15. Following the completion of the sale, the senior vice president owned 3,280 shares of the company's stock, valued at $1,431,228. This trade represents a 3.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,426 shares of company stock worth $2,430,327 over the last 90 days. 2.30% of the stock is currently owned by corporate insiders.

Gartner Stock Up 1.2%

Shares of IT traded up $4.84 during trading on Friday, reaching $400.28. The company's stock had a trading volume of 341,174 shares, compared to its average volume of 504,807. The company has a fifty day moving average of $423.00 and a two-hundred day moving average of $455.23. Gartner, Inc. has a twelve month low of $366.05 and a twelve month high of $584.01. The company has a market cap of $30.81 billion, a price-to-earnings ratio of 24.91, a P/E/G ratio of 2.60 and a beta of 1.19. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.64.

Gartner (NYSE:IT - Get Free Report) last announced its earnings results on Tuesday, May 6th. The information technology services provider reported $2.98 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.72 by $0.26. Gartner had a return on equity of 96.70% and a net margin of 19.82%. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same period in the prior year, the company posted $2.93 EPS. Gartner's quarterly revenue was up 4.2% on a year-over-year basis. On average, sell-side analysts predict that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on IT shares. Robert W. Baird reduced their price target on Gartner from $605.00 to $557.00 and set an "outperform" rating on the stock in a research report on Friday, March 21st. Wells Fargo & Company reduced their price target on Gartner from $401.00 to $400.00 and set an "underweight" rating on the stock in a research report on Thursday, May 1st. The Goldman Sachs Group reduced their price target on Gartner from $622.00 to $535.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. UBS Group reduced their price target on Gartner from $525.00 to $500.00 and set a "buy" rating on the stock in a research report on Wednesday, June 18th. Finally, Barclays reduced their price target on Gartner from $510.00 to $475.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $515.89.

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.