Teachers Advisors LLC boosted its position in shares of Gartner, Inc. (NYSE:IT) by 54.0% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 130,288 shares of the information technology services provider’s stock after buying an additional 45,677 shares during the period. Teachers Advisors LLC owned 0.16% of Gartner worth $14,070,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently added to or reduced their stakes in IT. 1st Global Advisors Inc. purchased a new stake in Gartner during the first quarter worth $204,000. Raymond James Trust N.A. bought a new position in shares of Gartner during the first quarter valued at approximately $208,000. Creative Planning raised its position in shares of Gartner by 35.8% in the first quarter. Creative Planning now owns 1,927 shares of the information technology services provider’s stock valued at $208,000 after buying an additional 508 shares during the last quarter. Mn Services Vermogensbeheer B.V. raised its position in shares of Gartner by 7.0% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,203 shares of the information technology services provider’s stock valued at $222,000 after buying an additional 145 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its position in shares of Gartner by 11.6% in the first quarter. Daiwa Securities Group Inc. now owns 2,400 shares of the information technology services provider’s stock valued at $259,000 after buying an additional 250 shares during the last quarter. Institutional investors and hedge funds own 87.07% of the company’s stock.
Gartner, Inc. (NYSE:IT) opened at 128.85 on Thursday. The firm’s 50-day moving average is $123.34 and its 200-day moving average is $111.07. The stock has a market capitalization of $11.65 billion, a price-to-earnings ratio of 58.57 and a beta of 1.05. Gartner, Inc. has a 52-week low of $84.54 and a 52-week high of $128.90.
Gartner (NYSE:IT) last released its quarterly earnings results on Thursday, May 4th. The information technology services provider reported $0.60 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by $0.01. Gartner had a return on equity of 954.04% and a net margin of 7.22%. The company had revenue of $625.17 million for the quarter, compared to analysts’ expectations of $612.84 million. During the same quarter last year, the company earned $0.67 EPS. Gartner’s revenue for the quarter was up 12.2% compared to the same quarter last year. Analysts predict that Gartner, Inc. will post $3.48 earnings per share for the current year.
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Several equities analysts recently commented on IT shares. Zacks Investment Research raised shares of Gartner from a “sell” rating to a “hold” rating in a research report on Wednesday, March 22nd. BMO Capital Markets reaffirmed a “buy” rating and issued a $110.00 price objective on shares of Gartner in a research report on Wednesday, April 5th. Barclays PLC increased their price objective on shares of Gartner from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, April 6th. Credit Suisse Group reaffirmed a “buy” rating and issued a $124.00 price objective on shares of Gartner in a research report on Tuesday, April 11th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a $115.00 price objective on shares of Gartner in a research report on Tuesday, April 25th. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $119.73.
In other Gartner news, SVP Peter Sondergaard sold 4,172 shares of the stock in a transaction on Thursday, May 18th. The stock was 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 $10,492,303.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Alwyn Dawkins sold 1,400 shares of the stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $116.05, for a total value of $162,470.00. Following the completion of the transaction, the senior vice president now owns 29,085 shares of the company’s stock, valued at approximately $3,375,314.25. 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 company 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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