Gartner, Inc. (NYSE:IT) Shares Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas boosted its position in Gartner, Inc. (NYSE:IT - Free Report) by 304.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 86,406 shares of the information technology services provider's stock after acquiring an additional 65,066 shares during the period. Teacher Retirement System of Texas owned about 0.11% of Gartner worth $41,861,000 at the end of the most recent reporting period.

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

Gartner Stock Performance

Shares of NYSE:IT traded down $8.33 during trading on Tuesday, reaching $421.46. 1,383,646 shares of the company's stock traded hands, compared to its average volume of 394,512. The stock has a market capitalization of $32.38 billion, a P/E ratio of 26.29, a price-to-earnings-growth ratio of 3.30 and a beta of 1.29. Gartner, Inc. has a 12 month low of $409.50 and a 12 month high of $584.01. The company has a 50 day moving average of $501.11 and a 200-day moving average of $507.61. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 1.06.

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Gartner (NYSE:IT - Get Free Report) last posted its 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 during the quarter, compared to analyst estimates of $1.69 billion. Gartner had a return on equity of 116.56% and a net margin of 20.00%. The business's revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the company earned $3.04 earnings per share. On average, equities analysts expect that Gartner, Inc. will post 12.5 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. The Goldman Sachs Group restated a "buy" rating on shares of Gartner in a research note on Tuesday, February 4th. Robert W. Baird cut their target price on Gartner from $605.00 to $557.00 and set an "outperform" rating on the stock in a research report on Friday. UBS Group decreased their price target on shares of Gartner from $565.00 to $500.00 and set a "buy" rating for the company in a research report on Tuesday. StockNews.com cut shares of Gartner from a "buy" rating to a "hold" rating in a report on Friday. Finally, Barclays raised shares of Gartner from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $525.00 to $600.00 in a report on Friday, January 10th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $536.63.

Insider Buying and Selling at Gartner

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

Gartner Company 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.