Ieq Capital LLC purchased a new position in shares of Gartner, Inc. (NYSE:IT – Free Report) in the second quarter, HoldingsChannel reports. The fund purchased 144,808 shares of the information technology services provider’s stock, valued at approximately $18,770,000.
Several other hedge funds also recently made changes to their positions in the business. Physician Wealth Advisors Inc. raised its holdings in shares of Gartner by 143.9% in the fourth quarter. Physician Wealth Advisors Inc. now owns 100 shares of the information technology services provider’s stock valued at $25,000 after purchasing an additional 59 shares during the last quarter. DV Equities LLC acquired a new position in Gartner during the fourth quarter worth $25,000. Rakuten Securities Inc. grew its position in Gartner by 1,980.0% in the fourth quarter. Rakuten Securities Inc. now owns 104 shares of the information technology services provider’s stock valued at $26,000 after purchasing an additional 99 shares in the last quarter. Entrust Financial LLC acquired a new stake in Gartner in the 4th quarter valued at $26,000. Finally, Bell Investment Advisors Inc increased its stake in Gartner by 75.5% in the 1st quarter. Bell Investment Advisors Inc now owns 172 shares of the information technology services provider’s stock valued at $27,000 after buying an additional 74 shares during the last quarter. 91.51% of the stock is owned by institutional investors.
Insider Buying and Selling
In other news, EVP Yvonne Genovese sold 1,205 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $190.06, for a total value of $229,022.30. Following the completion of the sale, the executive vice president directly owned 6,208 shares of the company’s stock, valued at $1,179,892.48. This trade represents a 16.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Anne Sutherland Fuchs sold 860 shares of Gartner stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $184.30, for a total value of $158,498.00. Following the transaction, the director owned 8,097 shares of the company’s stock, valued at $1,492,277.10. This represents a 9.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.60% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Read Our Latest Analysis on Gartner
Gartner Stock Performance
Shares of IT stock opened at $195.92 on Friday. The company has a fifty day moving average price of $151.55 and a two-hundred day moving average price of $155.15. Gartner, Inc. has a one year low of $124.25 and a one year high of $265.85. The stock has a market cap of $12.37 billion, a P/E ratio of 17.57, a P/E/G ratio of 0.65 and a beta of 0.94. The company has a debt-to-equity ratio of 46.98, a current ratio of 0.88 and a quick ratio of 0.88.
Gartner (NYSE:IT – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The information technology services provider reported $4.37 earnings per share for the quarter, topping the consensus estimate of $3.76 by $0.61. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.65 billion. Gartner had a net margin of 11.99% and a return on equity of 525.46%. Gartner’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the previous year, the business earned $3.53 EPS. Gartner has set its FY 2026 guidance at 14.000- EPS. As a group, equities analysts predict that Gartner, Inc. will post 14.42 EPS for the current year.
About Gartner
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.
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