Gartner, Inc. (NYSE:IT) Stock Holdings Lessened by Teacher Retirement System of Texas

Teacher Retirement System of Texas lowered its position in shares of Gartner, Inc. (NYSE:IT - Free Report) by 1.1% in the first quarter, according to its most recent 13F filing with the SEC. 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 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. Commonwealth Equity Services LLC increased its holdings in Gartner by 0.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 3,379 shares of the information technology services provider's stock valued at $1,637,000 after purchasing an additional 30 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Gartner during the fourth quarter worth about $49,000. Three Seasons Wealth LLC purchased a new stake in shares of Gartner in the fourth quarter worth about $731,000. SG Americas Securities LLC grew its stake in shares of 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 valued at $17,792,000 after buying an additional 1,484 shares in the last quarter. Finally, Brighton Jones LLC acquired a new stake in shares of Gartner in the fourth quarter valued at about $309,000. Hedge funds and other institutional investors own 91.51% of the company's stock.

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 505,861. 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. The company has a fifty day moving average of $423.00 and a two-hundred day moving average of $455.04. Gartner, Inc. has a twelve month low of $366.05 and a twelve month high of $584.01.

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on IT. Wall Street Zen lowered Gartner from a "buy" rating to a "hold" rating in a research report on Friday, March 21st. The Goldman Sachs Group reduced their target price on shares of 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 decreased their target price on shares of Gartner from $525.00 to $500.00 and set a "buy" rating for the company in a research note on Wednesday, June 18th. Robert W. Baird lowered their price target on shares of Gartner from $605.00 to $557.00 and set an "outperform" rating for the company in a report on Friday, March 21st. Finally, Barclays cut their price objective on shares of Gartner from $510.00 to $475.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $515.89.

Insider Buying and Selling

In related news, EVP Robin B. Kranich sold 739 shares of the business's stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $436.50, for a total value of $322,573.50. Following the completion of the sale, the executive vice president directly owned 20,464 shares of the company's stock, valued at $8,932,536. The trade was a 3.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Craig Safian sold 3,415 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $450.17, for a total value of $1,537,330.55. Following the transaction, the chief financial officer directly owned 77,890 shares in the company, valued at approximately $35,063,741.30. This represents a 4.20% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,426 shares of company stock worth $2,430,327. 2.30% of the stock is currently owned by insiders.

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.