New Mexico Educational Retirement Board Has $1.77 Million Holdings in Gartner, Inc. (NYSE:IT)

New Mexico Educational Retirement Board lessened its position in shares of Gartner, Inc. (NYSE:IT) by 2.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,650 shares of the information technology services provider’s stock after selling 100 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Gartner were worth $1,768,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in IT. Avestar Capital LLC grew its position in shares of Gartner by 15.2% during the 4th quarter. Avestar Capital LLC now owns 934 shares of the information technology services provider’s stock worth $452,000 after buying an additional 123 shares during the period. MGB Wealth Management LLC acquired a new stake in shares of Gartner during the 4th quarter worth approximately $247,000. Fiera Capital Corp grew its position in shares of Gartner by 10.9% during the 4th quarter. Fiera Capital Corp now owns 231,363 shares of the information technology services provider’s stock worth $112,088,000 after buying an additional 22,750 shares during the period. Marks Group Wealth Management Inc grew its position in shares of Gartner by 2.6% during the 4th quarter. Marks Group Wealth Management Inc now owns 6,486 shares of the information technology services provider’s stock worth $3,142,000 after buying an additional 165 shares during the period. Finally, Sapient Capital LLC grew its position in shares of Gartner by 0.6% during the 4th quarter. Sapient Capital LLC now owns 13,951 shares of the information technology services provider’s stock worth $6,759,000 after buying an additional 89 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insider Transactions at Gartner

In related news, SVP John J. Rinello sold 90 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $530.51, for a total value of $47,745.90. Following the sale, the senior vice president now directly owns 3,259 shares in the company, valued at approximately $1,728,932.09. The trade was a 2.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP William James Wartinbee III sold 189 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $523.54, for a total value of $98,949.06. Following the completion of the sale, the executive vice president now owns 7,311 shares in the company, valued at $3,827,600.94. This represents a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,690 shares of company stock worth $2,981,025 in the last ninety days. Company insiders own 3.60% of the company’s stock.

Analyst Upgrades and Downgrades

IT has been the subject of several recent analyst reports. StockNews.com raised shares of Gartner from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Gartner from $529.00 to $531.00 and gave the company a “hold” rating in a research report on Wednesday, November 6th. Wells Fargo & Company reduced their price target on shares of Gartner from $470.00 to $460.00 and set an “underweight” rating for the company in a research report on Friday, January 10th. Morgan Stanley reduced their price target on shares of Gartner from $564.00 to $555.00 and set an “equal weight” rating for the company in a research report on Thursday, January 16th. Finally, Robert W. Baird lifted their price target on shares of Gartner from $579.00 to $605.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $552.63.

Gartner Price Performance

IT opened at $515.34 on Monday. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market capitalization of $39.75 billion, a price-to-earnings ratio of 32.15, a P/E/G ratio of 3.50 and a beta of 1.34. The firm’s fifty day moving average price is $510.09 and its two-hundred day moving average price is $508.44. Gartner, Inc. has a 1 year low of $411.15 and a 1 year high of $584.01.

Gartner (NYSE:IT) last posted its quarterly earnings data on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.22 by $2.23. The firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.69 billion. Gartner had a net margin of 20.00% and a return on equity of 136.32%. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.04 EPS. As a group, analysts anticipate that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

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.