Teachers Retirement System of The State of Kentucky Sells 257 Shares of Gartner, Inc. (NYSE:IT)

Teachers Retirement System of The State of Kentucky decreased its stake in Gartner, Inc. (NYSE:ITGet Rating) by 4.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,912 shares of the information technology services provider’s stock after selling 257 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Gartner were worth $1,759,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. grew its holdings in Gartner by 16.8% during the fourth quarter. JPMorgan Chase & Co. now owns 153,182 shares of the information technology services provider’s stock worth $51,212,000 after purchasing an additional 22,012 shares during the period. Invesco Ltd. grew its holdings in Gartner by 28.1% during the fourth quarter. Invesco Ltd. now owns 1,223,433 shares of the information technology services provider’s stock worth $409,018,000 after purchasing an additional 268,338 shares during the period. Schroder Investment Management Group grew its holdings in Gartner by 282.7% during the fourth quarter. Schroder Investment Management Group now owns 25,087 shares of the information technology services provider’s stock worth $8,387,000 after purchasing an additional 18,532 shares during the period. Rockefeller Capital Management L.P. grew its holdings in Gartner by 10.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 6,400 shares of the information technology services provider’s stock worth $2,139,000 after purchasing an additional 631 shares during the period. Finally, Nissay Asset Management Corp Japan ADV grew its holdings in Gartner by 1.6% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 10,533 shares of the information technology services provider’s stock worth $3,521,000 after purchasing an additional 162 shares during the period. Institutional investors own 92.20% of the company’s stock.

Wall Street Analyst Weigh In

IT has been the subject of a number of research analyst reports. BMO Capital Markets reduced their price target on Gartner from $315.00 to $265.00 and set a “market perform” rating for the company in a report on Tuesday, June 21st. TheStreet upgraded Gartner from a “c+” rating to a “b-” rating in a report on Wednesday, August 17th. Barclays boosted their price objective on Gartner from $265.00 to $315.00 and gave the stock an “equal weight” rating in a report on Thursday, August 4th. Robert W. Baird boosted their price objective on Gartner from $334.00 to $365.00 in a report on Wednesday, August 3rd. Finally, Wells Fargo & Company boosted their price objective on Gartner from $305.00 to $345.00 and gave the stock an “overweight” rating in a report on Wednesday, August 3rd. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $321.67.

Gartner Stock Down 1.2 %

NYSE IT opened at $287.60 on Thursday. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 20.79. Gartner, Inc. has a 1-year low of $221.39 and a 1-year high of $368.99. The company has a 50 day moving average of $287.09 and a 200-day moving average of $275.04. The company has a market cap of $22.75 billion, a price-to-earnings ratio of 32.42, a PEG ratio of 3.00 and a beta of 1.40.

Gartner (NYSE:ITGet Rating) last released its quarterly earnings results on Tuesday, August 2nd. The information technology services provider reported $2.85 earnings per share for the quarter, beating analysts’ consensus estimates of $2.15 by $0.70. Gartner had a net margin of 14.42% and a return on equity of 497.67%. The company had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the previous year, the business earned $2.24 earnings per share. The firm’s quarterly revenue was up 18.0% on a year-over-year basis. On average, equities research analysts expect that Gartner, Inc. will post 9.08 earnings per share for the current fiscal year.

Insider Activity

In other Gartner news, EVP Yvonne Genovese sold 645 shares of the business’s stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $310.02, for a total transaction of $199,962.90. Following the completion of the transaction, the executive vice president now directly owns 639 shares in the company, valued at $198,102.78. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Eugene A. Hall sold 10,425 shares of the firm’s stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $294.26, for a total value of $3,067,660.50. Following the sale, the chief executive officer now directly owns 1,167,041 shares of the company’s stock, valued at $343,413,484.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Yvonne Genovese sold 645 shares of the firm’s stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $310.02, for a total value of $199,962.90. Following the completion of the sale, the executive vice president now directly owns 639 shares in the company, valued at $198,102.78. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,640 shares of company stock worth $7,006,015. Corporate insiders own 3.70% of the company’s stock.

Gartner Company Profile

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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.

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Institutional Ownership by Quarter for Gartner (NYSE:IT)

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