Gartner, Inc. (IT) Stake Lessened by New York State Teachers Retirement System

New York State Teachers Retirement System decreased its position in Gartner, Inc. (NYSE:IT) by 0.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 146,631 shares of the information technology services provider’s stock after selling 590 shares during the period. New York State Teachers Retirement System owned about 0.16% of Gartner worth $18,242,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of IT. Vanguard Group Inc. lifted its stake in Gartner by 32.4% in the second quarter. Vanguard Group Inc. now owns 8,680,305 shares of the information technology services provider’s stock worth $1,072,104,000 after acquiring an additional 2,125,783 shares during the period. Bamco Inc. NY lifted its stake in Gartner by 0.9% in the second quarter. Bamco Inc. NY now owns 7,055,955 shares of the information technology services provider’s stock worth $871,481,000 after acquiring an additional 60,789 shares during the period. Janus Henderson Group PLC lifted its stake in Gartner by 1,426.9% in the second quarter. Janus Henderson Group PLC now owns 4,278,595 shares of the information technology services provider’s stock worth $528,449,000 after acquiring an additional 3,998,373 shares during the period. Polen Capital Management LLC lifted its stake in Gartner by 6.9% in the second quarter. Polen Capital Management LLC now owns 3,972,949 shares of the information technology services provider’s stock worth $490,699,000 after acquiring an additional 257,899 shares during the period. Finally, State Street Corp lifted its stake in Gartner by 31.9% in the second quarter. State Street Corp now owns 3,585,747 shares of the information technology services provider’s stock worth $442,867,000 after acquiring an additional 867,040 shares during the period. Hedge funds and other institutional investors own 92.19% of the company’s stock.

Gartner, Inc. (NYSE:IT) opened at $118.66 on Monday. The company has a debt-to-equity ratio of 3.38, a current ratio of 0.73 and a quick ratio of 0.73. The stock has a market cap of $10,750.24, a P/E ratio of 38.28, a price-to-earnings-growth ratio of 2.17 and a beta of 1.08.

Gartner (NYSE:IT) last announced its quarterly earnings data on Thursday, November 2nd. The information technology services provider reported $0.65 EPS for the quarter, beating the consensus estimate of $0.52 by $0.13. The business had revenue of $828.09 million during the quarter, compared to analyst estimates of $826.09 million. Gartner had a positive return on equity of 57.60% and a negative net margin of 1.25%. The company’s revenue for the quarter was up 44.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.58 earnings per share. analysts anticipate that Gartner, Inc. will post 3.42 earnings per share for the current fiscal year.

In other news, SVP Alwyn Dawkins sold 1,000 shares of Gartner stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $118.62, for a total value of $118,620.00. Following the completion of the transaction, the senior vice president now owns 27,137 shares of the company’s stock, valued at approximately $3,218,990.94. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Robin B. Kranich sold 7,487 shares of Gartner stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $120.08, for a total value of $899,038.96. Following the completion of the transaction, the senior vice president now directly owns 21,298 shares of the company’s stock, valued at approximately $2,557,463.84. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,363 shares of company stock valued at $2,775,387. 4.30% of the stock is owned by insiders.

COPYRIGHT VIOLATION WARNING: This report was originally published by Community Financial News and is the property of of Community Financial News. If you are viewing this report on another site, it was copied illegally and reposted in violation of United States and international trademark & copyright law. The original version of this report can be viewed at https://www.com-unik.info/2017/11/06/gartner-inc-it-stake-lessened-by-new-york-state-teachers-retirement-system.html.

IT has been the subject of a number of research analyst reports. Zacks Investment Research raised Gartner from a “hold” rating to a “buy” rating and set a $139.00 price target for the company in a research note on Monday, October 16th. Royal Bank Of Canada reaffirmed a “top pick” rating and issued a $142.00 price target (up previously from $130.00) on shares of Gartner in a research note on Friday, July 21st. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $139.00 price target on shares of Gartner in a research note on Thursday. TheStreet lowered Gartner from a “b” rating to a “c+” rating in a research note on Tuesday, August 8th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and issued a $105.00 price target on shares of Gartner in a research note on Thursday, August 31st. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $129.50.

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.

Want to see what other hedge funds are holding IT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gartner, Inc. (NYSE:IT).

Institutional Ownership by Quarter for Gartner (NYSE:IT)

What are top analysts saying about Gartner Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Gartner Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit