Teacher Retirement System of Texas Sells 921 Shares of Gartner, Inc. (NYSE:IT)

Teacher Retirement System of Texas lessened its stake in Gartner, Inc. (NYSE:IT - Free Report) by 1.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 85,485 shares of the information technology services provider's stock after selling 921 shares during the quarter. Teacher Retirement System of Texas owned about 0.11% of Gartner worth $35,881,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of IT. Commonwealth Equity Services LLC grew its holdings in Gartner by 0.9% during the 4th quarter. Commonwealth Equity Services LLC now owns 3,379 shares of the information technology services provider's stock worth $1,637,000 after acquiring an additional 30 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in Gartner during the 4th quarter valued at $49,000. Three Seasons Wealth LLC bought a new stake in Gartner in the fourth quarter worth about $731,000. SG Americas Securities LLC grew its position in Gartner by 3.6% in the first quarter. SG Americas Securities LLC now owns 42,389 shares of the information technology services provider's stock worth $17,792,000 after buying an additional 1,484 shares during the last quarter. Finally, Brighton Jones LLC acquired a new stake in Gartner during the 4th quarter worth about $309,000. Institutional investors and hedge funds own 91.51% of the company's stock.

Gartner Price Performance

NYSE IT traded down $1.20 during trading on Monday, reaching $399.08. 780,893 shares of the company traded hands, compared to its average volume of 668,427. Gartner, Inc. has a 1-year low of $366.05 and a 1-year high of $584.01. The company has a market cap of $30.72 billion, a price-to-earnings ratio of 24.83, a P/E/G ratio of 2.60 and a beta of 1.19. The stock's 50 day moving average price is $423.00 and its two-hundred day moving average price is $454.86. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.09 and a current ratio of 1.09.

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

Insider Buying and Selling

In other Gartner news, SVP John J. Rinello sold 109 shares of the firm's stock in a transaction dated 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 in the company, valued at approximately $1,431,228. This trade represents a 3.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Akhil Jain sold 625 shares of the firm's stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $450.00, for a total transaction of $281,250.00. Following the completion of the sale, the executive vice president directly owned 6,548 shares of the company's stock, valued at approximately $2,946,600. This represents a 8.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,426 shares of company stock valued at $2,430,327 in the last 90 days. 3.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Wells Fargo & Company reduced their price objective on Gartner from $401.00 to $400.00 and set an "underweight" rating for the company in a research note on Thursday, May 1st. Barclays lowered their target price on Gartner from $510.00 to $475.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st. UBS Group cut their price target on Gartner from $525.00 to $500.00 and set a "buy" rating for the company in a research note on Wednesday, June 18th. The Goldman Sachs Group lowered their price target on Gartner from $622.00 to $535.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Finally, Wall Street Zen lowered shares of Gartner from a "buy" rating to a "hold" rating in a research report on Friday, March 21st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Gartner has a consensus rating of "Hold" and a consensus price target of $515.89.

About Gartner

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.