Gartner, Inc. (IT) Holdings Trimmed by Teacher Retirement System of Texas

Teacher Retirement System of Texas cut its holdings in shares of Gartner, Inc. (NYSE:IT) by 7.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 75,215 shares of the information technology services provider’s stock after selling 6,200 shares during the period. Teacher Retirement System of Texas owned approximately 0.08% of Gartner worth $9,357,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Advisor Group Inc. lifted its holdings in Gartner by 60.1% during the third quarter. Advisor Group Inc. now owns 3,258 shares of the information technology services provider’s stock worth $406,000 after acquiring an additional 1,223 shares in the last quarter. Toronto Dominion Bank lifted its holdings in Gartner by 12.2% during the third quarter. Toronto Dominion Bank now owns 34,358 shares of the information technology services provider’s stock worth $4,274,000 after acquiring an additional 3,726 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in Gartner by 8.4% during the third quarter. CIBC Asset Management Inc now owns 9,806 shares of the information technology services provider’s stock worth $1,220,000 after acquiring an additional 763 shares in the last quarter. Sei Investments Co. lifted its holdings in Gartner by 29.3% during the third quarter. Sei Investments Co. now owns 193,589 shares of the information technology services provider’s stock worth $24,085,000 after acquiring an additional 43,850 shares in the last quarter. Finally, BNP Paribas Arbitrage SA lifted its holdings in Gartner by 41.6% during the third quarter. BNP Paribas Arbitrage SA now owns 50,535 shares of the information technology services provider’s stock worth $6,287,000 after acquiring an additional 14,835 shares in the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Shares of Gartner, Inc. (NYSE:IT) opened at $116.90 on Friday. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 3.38. The stock has a market capitalization of $10,780.00, a PE ratio of 37.95, a P/E/G ratio of 2.14 and a beta of 1.08. Gartner, Inc. has a 12-month low of $90.37 and a 12-month high of $130.02.

Gartner (NYSE:IT) last released its earnings results on Thursday, November 2nd. The information technology services provider reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.13. The business had revenue of $828.09 million for the quarter, compared to the consensus estimate of $826.09 million. Gartner had a positive return on equity of 57.60% and a negative net margin of 1.25%. Gartner’s quarterly revenue was up 44.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.58 earnings per share. research analysts expect that Gartner, Inc. will post 3.43 EPS for the current year.

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In related news, Director Anne Sutherland Fuchs sold 5,000 shares of Gartner stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $118.92, for a total value of $594,600.00. Following the sale, the director now owns 27,395 shares of the company’s stock, valued at $3,257,813.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Robin B. Kranich sold 7,487 shares of Gartner stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $120.08, for a total value of $899,038.96. Following the completion of the sale, the senior vice president now directly owns 21,298 shares in the company, valued at approximately $2,557,463.84. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,487 shares of company stock worth $1,612,849. 4.30% of the stock is owned by company insiders.

Several research analysts have weighed in on IT shares. Royal Bank Of Canada reiterated a “top pick” rating and set a $142.00 target price (up from $130.00) on shares of Gartner in a report on Friday, July 21st. Credit Suisse Group restated an “outperform” rating and issued a $138.00 price target (up from $130.00) on shares of Gartner in a report on Wednesday, August 9th. BidaskClub lowered Gartner from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 9th. TheStreet lowered Gartner from a “b” rating to a “c+” rating in a report on Tuesday, August 8th. Finally, Zacks Investment Research lowered Gartner from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $132.60.

Gartner Company Profile

Gartner, Inc is an information technology research and advisory company. The Company works with clients to research, analyze and interpret the business of information technology (IT), supply chain and marketing within the context of their individual roles. It operates in three segments: Research, Consulting and Events.

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Institutional Ownership by Quarter for Gartner (NYSE:IT)

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