Texas Permanent School Fund Boosts Stock Holdings in Gartner, Inc. (NYSE:IT)

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

In other Gartner news, EVP Claire Herkes sold 200 shares of the business’s stock in a transaction dated Thursday, December 1st. The stock was sold at an average price of $356.21, for a total transaction of $71,242.00. Following the sale, the executive vice president now owns 2,328 shares in the company, valued at approximately $829,256.88. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Gartner news, EVP Michael Patrick Diliberto sold 1,270 shares of the company’s stock in a transaction on Friday, December 9th. The stock was sold at an average price of $343.41, for a total value of $436,130.70. Following the sale, the executive vice president now directly owns 12,966 shares in the company, valued at $4,452,654.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Claire Herkes sold 200 shares of the business’s stock in a transaction that occurred on Thursday, December 1st. The stock was sold at an average price of $356.21, for a total value of $71,242.00. Following the completion of the transaction, the executive vice president now directly owns 2,328 shares in the company, valued at $829,256.88. The disclosure for this sale can be found here. Insiders have sold a total of 30,756 shares of company stock valued at $10,065,089 over the last three months. Company insiders own 3.70% of the company’s stock.

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.

About Gartner

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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.