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

Teachers Retirement System of The State of Kentucky decreased its holdings in shares of Gartner, Inc. (NYSE:ITFree Report) by 4.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,801 shares of the information technology services provider’s stock after selling 330 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Gartner were worth $3,068,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BSW Wealth Partners grew its stake in shares of Gartner by 3.7% in the fourth quarter. BSW Wealth Partners now owns 617 shares of the information technology services provider’s stock valued at $278,000 after buying an additional 22 shares in the last quarter. Allworth Financial LP grew its stake in shares of Gartner by 2.8% in the fourth quarter. Allworth Financial LP now owns 807 shares of the information technology services provider’s stock valued at $364,000 after buying an additional 22 shares in the last quarter. Sheaff Brock Investment Advisors LLC grew its stake in shares of Gartner by 0.5% in the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 4,900 shares of the information technology services provider’s stock valued at $2,210,000 after buying an additional 22 shares in the last quarter. AdvisorNet Financial Inc grew its stake in shares of Gartner by 59.5% in the fourth quarter. AdvisorNet Financial Inc now owns 67 shares of the information technology services provider’s stock valued at $30,000 after buying an additional 25 shares in the last quarter. Finally, Hexagon Capital Partners LLC grew its stake in shares of Gartner by 36.2% in the fourth quarter. Hexagon Capital Partners LLC now owns 94 shares of the information technology services provider’s stock valued at $42,000 after buying an additional 25 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Robert W. Baird decreased their target price on Gartner from $536.00 to $517.00 and set an “outperform” rating for the company in a report on Wednesday, May 1st. StockNews.com upgraded Gartner from a “hold” rating to a “buy” rating in a report on Thursday, June 13th. UBS Group decreased their target price on Gartner from $550.00 to $510.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. Deutsche Bank Aktiengesellschaft assumed coverage on Gartner in a report on Tuesday, April 16th. They issued a “hold” rating and a $507.00 target price for the company. Finally, BMO Capital Markets decreased their target price on Gartner from $450.00 to $432.00 and set a “market perform” rating for the company in a report on Thursday, May 2nd. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $474.50.

Read Our Latest Stock Report on Gartner

Insider Activity

In other news, Director James C. Smith sold 10,000 shares of the business’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $439.29, for a total value of $4,392,900.00. Following the completion of the sale, the director now directly owns 599,074 shares of the company’s stock, valued at approximately $263,167,217.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director James C. Smith sold 10,000 shares of the business’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $439.29, for a total value of $4,392,900.00. Following the transaction, the director now owns 599,074 shares in the company, valued at approximately $263,167,217.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Yvonne Genovese sold 439 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $456.13, for a total value of $200,241.07. Following the completion of the transaction, the executive vice president now owns 1,959 shares in the company, valued at approximately $893,558.67. The disclosure for this sale can be found here. In the last three months, insiders sold 22,544 shares of company stock valued at $10,079,813. Insiders own 3.60% of the company’s stock.

Gartner Stock Up 0.8 %

Shares of NYSE IT opened at $446.30 on Thursday. The company has a market capitalization of $34.65 billion, a price-to-earnings ratio of 44.41, a price-to-earnings-growth ratio of 3.88 and a beta of 1.32. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.91 and a quick ratio of 0.91. The business has a 50-day moving average of $440.23 and a two-hundred day moving average of $452.10. Gartner, Inc. has a 1 year low of $323.61 and a 1 year high of $486.54.

Gartner (NYSE:ITGet Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The information technology services provider reported $2.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.53 by $0.40. Gartner had a return on equity of 141.55% and a net margin of 13.35%. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the previous year, the business earned $2.88 EPS. Gartner’s revenue for the quarter was up 4.5% on a year-over-year basis. On average, analysts forecast that Gartner, Inc. will post 11.55 earnings per share for the current fiscal year.

About Gartner

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Gartner (NYSE:IT)

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