Gartner, Inc. (NYSE:IT) Shares Sold by Teachers Retirement System of The State of Kentucky
Teachers Retirement System of The State of Kentucky lowered its position in Gartner, Inc. (NYSE:IT) by 8.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,640 shares of the information technology services provider’s stock after selling 1,460 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Gartner were worth $1,797,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of IT. TimesSquare Capital Management LLC raised its stake in shares of Gartner by 10.8% in the first quarter. TimesSquare Capital Management LLC now owns 2,208,950 shares of the information technology services provider’s stock worth $238,545,000 after buying an additional 215,550 shares in the last quarter. Pensionfund Sabic purchased a new stake in shares of Gartner during the first quarter worth approximately $1,533,000. Principal Financial Group Inc. raised its stake in shares of Gartner by 1.4% in the first quarter. Principal Financial Group Inc. now owns 337,570 shares of the information technology services provider’s stock worth $36,455,000 after buying an additional 4,645 shares in the last quarter. Caldera Capital LLC purchased a new stake in shares of Gartner during the first quarter worth approximately $11,282,000. Finally, Wellington Management Group LLP raised its stake in shares of Gartner by 1.3% in the first quarter. Wellington Management Group LLP now owns 1,220,878 shares of the information technology services provider’s stock worth $131,841,000 after buying an additional 15,973 shares in the last quarter. Institutional investors and hedge funds own 87.12% of the company’s stock.
Gartner, Inc. (NYSE IT) traded up 0.59% on Thursday, reaching $127.56. The company had a trading volume of 472,071 shares. The company’s 50-day moving average is $125.47 and its 200-day moving average is $113.06. The company has a market capitalization of $11.54 billion, a PE ratio of 57.98 and a beta of 1.05. Gartner, Inc. has a 52-week low of $84.54 and a 52-week high of $130.02.
Gartner (NYSE:IT) last posted its earnings results on Thursday, May 4th. The information technology services provider reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by $0.01. Gartner had a net margin of 7.22% and a return on equity of 954.04%. The firm had revenue of $625.17 million during the quarter, compared to the consensus estimate of $612.84 million. During the same quarter last year, the firm posted $0.67 EPS. The business’s revenue was up 12.2% on a year-over-year basis. Equities analysts anticipate that Gartner, Inc. will post $3.48 EPS for the current fiscal year.
A number of equities research analysts recently commented on the company. Cantor Fitzgerald reiterated a “buy” rating and issued a $128.00 target price on shares of Gartner in a research report on Monday, May 8th. Credit Suisse Group restated a “buy” rating and issued a $124.00 price objective on shares of Gartner in a research report on Tuesday, April 11th. Royal Bank Of Canada upped their price objective on Gartner from $124.00 to $130.00 and gave the stock a “top pick” rating in a research report on Friday, May 5th. Morgan Stanley upped their price objective on Gartner from $106.00 to $112.00 and gave the stock an “equal weight” rating in a research report on Monday, May 8th. Finally, Zacks Investment Research upgraded Gartner from a “hold” rating to a “buy” rating and set a $142.00 price objective on the stock in a research report on Wednesday, July 19th. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $120.82.
In related news, SVP Peter Sondergaard sold 4,172 shares of the business’s stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $111.90, for a total value of $466,846.80. Following the completion of the transaction, the senior vice president now owns 93,765 shares in the company, valued at approximately $10,492,303.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Karen E. Dykstra sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $120.61, for a total transaction of $301,525.00. Following the completion of the transaction, the director now owns 18,223 shares of the company’s stock, valued at approximately $2,197,876.03. The disclosure for this sale can be found here. Insiders sold 49,297 shares of company stock valued at $5,793,254 in the last quarter. 4.40% of the stock is currently owned by corporate insiders.
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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