Gartner, Inc. $IT Shares Acquired by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC grew its stake in Gartner, Inc. (NYSE:IT) by 36.4% in the third quarter, Holdings Channel.com reports. The firm owned 11,557 shares of the information technology services provider’s stock after acquiring an additional 3,083 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Gartner were worth $3,038,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in IT. Addison Advisors LLC acquired a new stake in shares of Gartner in the 2nd quarter worth $27,000. True Wealth Design LLC grew its holdings in shares of Gartner by 1,130.8% in the third quarter. True Wealth Design LLC now owns 160 shares of the information technology services provider’s stock valued at $42,000 after purchasing an additional 147 shares during the period. Chilton Capital Management LLC purchased a new stake in shares of Gartner in the second quarter valued at about $47,000. Versant Capital Management Inc increased its position in Gartner by 1,284.6% during the third quarter. Versant Capital Management Inc now owns 180 shares of the information technology services provider’s stock worth $47,000 after purchasing an additional 167 shares during the last quarter. Finally, Osterweis Capital Management Inc. purchased a new position in Gartner during the second quarter worth about $48,000. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on IT. Morgan Stanley dropped their price target on shares of Gartner from $281.00 to $275.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 17th. UBS Group increased their price objective on Gartner from $256.00 to $270.00 and gave the stock a “neutral” rating in a research report on Friday, January 9th. Barclays cut their target price on Gartner from $270.00 to $260.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 5th. Wells Fargo & Company decreased their price target on Gartner from $231.00 to $218.00 and set an “underweight” rating on the stock in a research note on Wednesday, November 5th. Finally, Truist Financial set a $300.00 price target on Gartner in a report on Wednesday, November 26th. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $309.67.

Gartner Stock Down 6.0%

Gartner stock opened at $212.36 on Friday. The company has a market capitalization of $15.31 billion, a PE ratio of 18.63 and a beta of 1.07. The company has a debt-to-equity ratio of 4.42, a quick ratio of 0.88 and a current ratio of 0.88. Gartner, Inc. has a fifty-two week low of $210.10 and a fifty-two week high of $584.01. The firm has a 50 day moving average price of $238.27 and a 200 day moving average price of $254.13.

Gartner (NYSE:IT) last released its quarterly earnings results on Tuesday, November 4th. The information technology services provider reported $2.76 EPS for the quarter, topping the consensus estimate of $2.41 by $0.35. Gartner had a return on equity of 92.12% and a net margin of 13.71%.The business had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.52 billion. Gartner has set its FY 2025 guidance at 12.650- EPS. Research analysts expect that Gartner, Inc. will post 12.5 earnings per share for the current year.

Insider Activity at Gartner

In other Gartner news, SVP John J. Rinello sold 220 shares of Gartner stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $229.57, for a total value of $50,505.40. Following the completion of the transaction, the senior vice president directly owned 3,046 shares of the company’s stock, valued at $699,270.22. The trade was a 6.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Stephen G. Pagliuca purchased 43,300 shares of the business’s stock in a transaction on Wednesday, December 10th. The shares were acquired at an average price of $229.57 per share, for a total transaction of $9,940,381.00. Following the completion of the purchase, the director directly owned 111,613 shares of the company’s stock, valued at approximately $25,622,996.41. This trade represents a 63.38% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 2.30% of the stock is currently owned by company insiders.

Gartner Company Profile

Gartner, Inc is a global research and advisory firm that provides insights, advice and tools for leaders in IT, finance, HR, customer service and other business functions. Founded in 1979 and headquartered in Stamford, Connecticut, Gartner specializes in helping organizations make informed decisions about technology, operations and strategy through a combination of published research, advisory services, consulting, executive programs and events.

The company’s offerings include proprietary research reports, market forecasts, and analytical frameworks that are widely used by technology buyers and vendors.