California State Teachers Retirement System grew its stake in Gartner Inc (NYSE:IT) by 1.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 144,346 shares of the information technology services provider’s stock after buying an additional 2,042 shares during the quarter. California State Teachers Retirement System owned 0.16% of Gartner worth $18,453,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of the company. Signet Investment Advisory Group Inc. acquired a new position in Gartner in the 4th quarter worth about $38,000. Exane Asset Management acquired a new position in Gartner in the 4th quarter worth about $78,000. Whittier Trust Co. raised its holdings in Gartner by 142.3% in the 4th quarter. Whittier Trust Co. now owns 1,049 shares of the information technology services provider’s stock worth $134,000 after purchasing an additional 616 shares during the period. Quantamental Technologies LLC acquired a new position in Gartner in the 4th quarter worth about $135,000. Finally, NumerixS Investment Technologies Inc acquired a new position in Gartner in the 4th quarter worth about $176,000. 97.22% of the stock is owned by institutional investors and hedge funds.
Shares of Gartner stock opened at $145.04 on Friday. Gartner Inc has a 12 month low of $114.40 and a 12 month high of $161.21. The company has a market cap of $12.91 billion, a price-to-earnings ratio of 38.27, a PEG ratio of 2.51 and a beta of 1.31. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 2.49.
Gartner (NYSE:IT) last announced its earnings results on Tuesday, February 5th. The information technology services provider reported $1.20 EPS for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.05). Gartner had a net margin of 3.08% and a return on equity of 37.74%. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period in the previous year, the company earned $1.17 EPS. Gartner’s revenue was up 7.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Gartner Inc will post 3.97 EPS for the current fiscal year.
A number of equities analysts recently weighed in on the company. TheStreet raised Gartner from a “c+” rating to a “b” rating in a report on Tuesday, February 5th. Robert W. Baird reaffirmed a “buy” rating and issued a $156.00 price target on shares of Gartner in a report on Wednesday, February 6th. Bank of America reaffirmed a “buy” rating and issued a $150.00 price target on shares of Gartner in a report on Wednesday, February 6th. BMO Capital Markets cut Gartner from an “outperform” rating to a “market perform” rating and set a $139.30 target price for the company. in a report on Wednesday, February 6th. Finally, Cantor Fitzgerald reissued a “hold” rating and set a $141.00 target price on shares of Gartner in a report on Thursday, February 14th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $142.81.
In other news, CFO Craig Safian sold 3,635 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $140.64, for a total value of $511,226.40. Following the completion of the sale, the chief financial officer now directly owns 33,008 shares in the company, valued at $4,642,245.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Robin B. Kranich sold 8,496 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $143.00, for a total value of $1,214,928.00. Following the completion of the sale, the executive vice president now owns 11,989 shares of the company’s stock, valued at $1,714,427. The disclosure for this sale can be found here. Insiders have sold 104,975 shares of company stock valued at $15,020,962 in the last three months. Insiders own 4.00% of the company’s stock.
Gartner, Inc operates as a research and advisory company. It operates through three segments: Research, Conferences, and Consulting. The Research segment offers objective insights and advice on the priorities of various leaders in a range of functional areas of the enterprise through research and other reports, briefings, proprietary tools, access to analysts, peer networking services, and membership programs that enable clients to make better decisions; and practice and talent management research insights in various business functions, such as human resources, sales, legal, and finance.
Further Reading: Market Capitalization, Large-Caps, Mid-Caps, Small-Caps
Receive News & Ratings for Gartner Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gartner and related companies with MarketBeat.com's FREE daily email newsletter.