TIAA Trust National Association Sells 318 Shares of Gartner, Inc. (NYSE:IT)

TIAA Trust National Association cut its holdings in shares of Gartner, Inc. (NYSE:IT) by 42.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 438 shares of the information technology services provider’s stock after selling 318 shares during the period. TIAA Trust National Association’s holdings in Gartner were worth $212,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Kestra Investment Management LLC bought a new stake in Gartner during the 4th quarter valued at $29,000. SBI Securities Co. Ltd. purchased a new position in Gartner in the fourth quarter valued at about $49,000. True Wealth Design LLC raised its holdings in Gartner by 2,350.0% in the third quarter. True Wealth Design LLC now owns 98 shares of the information technology services provider’s stock worth $50,000 after purchasing an additional 94 shares in the last quarter. Promus Capital LLC purchased a new stake in shares of Gartner during the fourth quarter valued at about $57,000. Finally, Global Retirement Partners LLC boosted its holdings in shares of Gartner by 14.0% in the 4th quarter. Global Retirement Partners LLC now owns 276 shares of the information technology services provider’s stock valued at $134,000 after buying an additional 34 shares in the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

Gartner Stock Performance

IT opened at $418.57 on Friday. The firm has a 50 day moving average of $494.18 and a two-hundred day moving average of $505.53. The firm has a market capitalization of $32.15 billion, a PE ratio of 26.11, a P/E/G ratio of 3.30 and a beta of 1.29. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.81. Gartner, Inc. has a 12-month low of $409.50 and a 12-month high of $584.01.

Gartner (NYSE:IT) last posted its quarterly earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 EPS for the quarter, beating the consensus estimate of $3.22 by $2.23. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.69 billion. Gartner had a net margin of 20.00% and a return on equity of 116.56%. The firm’s revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the company earned $3.04 earnings per share. On average, analysts anticipate that Gartner, Inc. will post 12.5 EPS for the current year.

Insider Buying and Selling at Gartner

In other news, SVP John J. Rinello sold 90 shares of Gartner stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $530.51, for a total transaction of $47,745.90. Following the completion of the transaction, the senior vice president now directly owns 3,259 shares of the company’s stock, valued at $1,728,932.09. The trade was a 2.69 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Eileen Serra sold 1,200 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $489.77, for a total transaction of $587,724.00. Following the sale, the director now directly owns 1,627 shares in the company, valued at $796,855.79. This trade represents a 42.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

IT has been the subject of several recent analyst reports. Morgan Stanley lowered their target price on shares of Gartner from $564.00 to $555.00 and set an “equal weight” rating for the company in a research note on Thursday, January 16th. Robert W. Baird dropped their target price on Gartner from $605.00 to $557.00 and set an “outperform” rating on the stock in a research note on Friday, March 21st. Wells Fargo & Company reduced their target price on Gartner from $470.00 to $460.00 and set an “underweight” rating on the stock in a research report on Friday, January 10th. The Goldman Sachs Group restated a “buy” rating on shares of Gartner in a research note on Tuesday, February 4th. Finally, Barclays raised shares of Gartner from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $525.00 to $600.00 in a research report on Friday, January 10th. 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. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $536.63.

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.