New York State Common Retirement Fund Sells 2,253 Shares of Gartner, Inc. (NYSE:IT)

New York State Common Retirement Fund decreased its holdings in Gartner, Inc. (NYSE:IT) by 5.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 42,736 shares of the information technology services provider’s stock after selling 2,253 shares during the quarter. New York State Common Retirement Fund’s holdings in Gartner were worth $20,704,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of IT. Eastern Bank bought a new stake in shares of Gartner during the third quarter valued at approximately $26,000. Kestra Investment Management LLC acquired a new position in Gartner during the 4th quarter worth $29,000. Ashton Thomas Securities LLC bought a new position in Gartner in the 3rd quarter valued at $44,000. True Wealth Design LLC increased its stake in shares of Gartner by 2,350.0% in the 3rd quarter. True Wealth Design LLC now owns 98 shares of the information technology services provider’s stock valued at $50,000 after buying an additional 94 shares during the period. Finally, Fortitude Family Office LLC increased its stake in shares of Gartner by 23.8% in the 3rd quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider’s stock valued at $53,000 after buying an additional 20 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Gartner Stock Down 3.1 %

Gartner stock opened at $487.44 on Friday. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 1.06. The company’s 50-day moving average is $509.42 and its 200-day moving average is $509.30. The firm has a market capitalization of $37.44 billion, a PE ratio of 30.41, a P/E/G ratio of 3.30 and a beta of 1.34. Gartner, Inc. has a fifty-two week low of $411.15 and a fifty-two week high of $584.01.

Gartner (NYSE:IT) last announced its quarterly earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share for the quarter, topping analysts’ consensus estimates of $3.22 by $2.23. Gartner had a return on equity of 116.56% and a net margin of 20.00%. The firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter in the previous year, the business earned $3.04 earnings per share. The business’s revenue was up 8.1% compared to the same quarter last year. Sell-side analysts anticipate that Gartner, Inc. will post 12.5 earnings per share for the current year.

Insider Buying and Selling

In other news, Director James C. Smith sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $524.02, for a total value of $2,620,100.00. Following the transaction, the director now owns 509,457 shares of the company’s stock, valued at approximately $266,965,657.14. This represents a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP John J. Rinello sold 90 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $530.51, for a total value of $47,745.90. Following the transaction, the senior vice president now owns 3,259 shares in the company, valued at approximately $1,728,932.09. This trade represents a 2.69 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,690 shares of company stock valued at $2,981,025. 3.60% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Morgan Stanley lowered their price objective on Gartner from $564.00 to $555.00 and set an “equal weight” rating for the company in a research report on Thursday, January 16th. Robert W. Baird boosted their price target on shares of Gartner from $579.00 to $605.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Barclays raised shares of Gartner from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $525.00 to $600.00 in a research note on Friday, January 10th. The Goldman Sachs Group reiterated a “buy” rating on shares of Gartner in a research report on Tuesday, February 4th. Finally, StockNews.com upgraded Gartner from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $552.63.

Gartner 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.