Texas Permanent School Fund boosted its stake in Gartner, Inc. (NYSE:IT – Get Rating) by 5.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,106 shares of the information technology services provider’s stock after purchasing an additional 615 shares during the quarter. Texas Permanent School Fund’s holdings in Gartner were worth $3,073,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Lindbrook Capital LLC increased its holdings in Gartner by 168.4% during the 2nd quarter. Lindbrook Capital LLC now owns 102 shares of the information technology services provider’s stock valued at $25,000 after purchasing an additional 64 shares during the period. Crewe Advisors LLC purchased a new stake in Gartner in the second quarter worth approximately $30,000. Carolinas Wealth Consulting LLC bought a new position in shares of Gartner in the 1st quarter worth approximately $39,000. SeaCrest Wealth Management LLC bought a new position in shares of Gartner during the 2nd quarter valued at approximately $37,000. Finally, Private Trust Co. NA purchased a new position in shares of Gartner in the second quarter valued at about $39,000. Institutional investors own 91.86% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts have issued reports on IT shares. The Goldman Sachs Group boosted their price objective on shares of Gartner from $348.00 to $391.00 and gave the company a “buy” rating in a research report on Wednesday, November 2nd. StockNews.com lowered shares of Gartner from a “buy” rating to a “hold” rating in a research report on Thursday. Robert W. Baird raised their price objective on Gartner from $365.00 to $381.00 in a research note on Wednesday, November 2nd. Morgan Stanley upped their price target on shares of Gartner from $339.00 to $342.00 and gave the company an “equal weight” rating in a report on Wednesday. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $300.00 price target on shares of Gartner in a report on Tuesday, October 25th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $340.88.
Insider Buying and Selling
Gartner Stock Performance
Shares of NYSE IT opened at $328.62 on Friday. The firm has a market cap of $25.97 billion, a price-to-earnings ratio of 35.41, a PEG ratio of 2.78 and a beta of 1.36. The stock’s 50-day simple moving average is $337.01 and its 200-day simple moving average is $299.61. Gartner, Inc. has a 1 year low of $221.39 and a 1 year high of $358.25.
Gartner (NYSE:IT – Get Rating) last announced its quarterly earnings results on Tuesday, November 1st. The information technology services provider reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.56. Gartner had a return on equity of 1,234.18% and a net margin of 14.41%. The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.27 billion. As a group, research analysts predict that Gartner, Inc. will post 10.14 EPS for the current year.
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.
- Get a free copy of the StockNews.com research report on Gartner (IT)
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