Teza Capital Management LLC Increases Stock Holdings in Gartner, Inc. (NYSE:IT)

Teza Capital Management LLC increased its stake in shares of Gartner, Inc. (NYSE:IT - Free Report) by 170.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,648 shares of the information technology services provider's stock after acquiring an additional 1,669 shares during the quarter. Teza Capital Management LLC's holdings in Gartner were worth $1,283,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Howard Capital Management Inc. increased its stake in shares of Gartner by 4.4% in the fourth quarter. Howard Capital Management Inc. now owns 452 shares of the information technology services provider's stock worth $219,000 after buying an additional 19 shares during the period. Gilbert & Cook Inc. increased its position in shares of Gartner by 1.5% in the fourth quarter. Gilbert & Cook Inc. now owns 1,364 shares of the information technology services provider's stock valued at $661,000 after acquiring an additional 20 shares during the period. Dorsey & Whitney Trust CO LLC raised its stake in shares of Gartner by 2.5% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 826 shares of the information technology services provider's stock valued at $400,000 after acquiring an additional 20 shares during the last quarter. Sompo Asset Management Co. Ltd. boosted its holdings in shares of Gartner by 1.7% during the fourth quarter. Sompo Asset Management Co. Ltd. now owns 1,210 shares of the information technology services provider's stock worth $586,000 after purchasing an additional 20 shares during the period. Finally, Parallel Advisors LLC grew its stake in shares of Gartner by 2.9% in the fourth quarter. Parallel Advisors LLC now owns 737 shares of the information technology services provider's stock worth $357,000 after purchasing an additional 21 shares during the last quarter. Institutional investors own 91.51% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Barclays dropped their price objective on Gartner from $510.00 to $475.00 and set an "overweight" rating for the company in a report on Monday, April 21st. Wall Street Zen cut shares of Gartner from a "buy" rating to a "hold" rating in a report on Friday, March 21st. Wells Fargo & Company cut their target price on shares of Gartner from $401.00 to $400.00 and set an "underweight" rating on the stock in a research note on Thursday, May 1st. The Goldman Sachs Group lowered their price objective on shares of Gartner from $622.00 to $535.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Finally, Robert W. Baird reduced their target price on Gartner from $605.00 to $557.00 and set an "outperform" rating on the stock in a report on Friday, March 21st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, Gartner has an average rating of "Hold" and an average target price of $518.67.

Gartner Stock Up 0.1%

Shares of NYSE:IT traded up $0.42 on Thursday, hitting $443.33. 461,989 shares of the company traded hands, compared to its average volume of 456,360. The stock has a 50 day simple moving average of $420.25 and a 200-day simple moving average of $478.72. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. The company has a market cap of $34.12 billion, a PE ratio of 27.66, a PEG ratio of 3.30 and a beta of 1.24. Gartner, Inc. has a 52 week low of $366.05 and a 52 week high of $584.01.

Gartner (NYSE:IT - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The information technology services provider reported $2.98 earnings per share for the quarter, beating analysts' consensus estimates of $2.72 by $0.26. Gartner had a net margin of 20.00% and a return on equity of 116.56%. The business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same period last year, the business earned $2.93 EPS. Gartner's revenue was up 4.2% compared to the same quarter last year. As a group, research analysts expect that Gartner, Inc. will post 12.5 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP John J. Rinello sold 109 shares of the stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $436.35, for a total transaction of $47,562.15. Following the transaction, the senior vice president now owns 3,280 shares in the company, valued at $1,431,228. This represents a 3.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Craig Safian sold 3,415 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $450.17, for a total transaction of $1,537,330.55. Following the completion of the sale, the chief financial officer now owns 77,890 shares in the company, valued at $35,063,741.30. This represents a 4.20% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,626 shares of company stock worth $3,018,051 in the last three months. Insiders own 2.30% of the company's stock.

Gartner 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.