Royal London Asset Management Ltd. Sells 3,228 Shares of Gartner, Inc. $IT

Royal London Asset Management Ltd. lessened its stake in shares of Gartner, Inc. (NYSE:ITFree Report) by 9.6% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 30,532 shares of the information technology services provider’s stock after selling 3,228 shares during the period. Royal London Asset Management Ltd.’s holdings in Gartner were worth $3,958,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Bamco Inc. NY bought a new stake in Gartner during the 2nd quarter valued at $985,243,000. BlackRock Inc. purchased a new stake in Gartner in the second quarter worth approximately $676,246,000. J. Stern & Co. LLP grew its stake in shares of Gartner by 8,182.0% during the fourth quarter. J. Stern & Co. LLP now owns 1,536,890 shares of the information technology services provider’s stock valued at $387,727,000 after buying an additional 1,518,333 shares during the last quarter. Norges Bank purchased a new stake in shares of Gartner during the fourth quarter valued at approximately $299,576,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of Gartner by 108,812.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,025,952 shares of the information technology services provider’s stock valued at $258,827,000 after acquiring an additional 1,025,010 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insider Buying and Selling at Gartner

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 shares were sold at an average price of $190.06, for a total transaction of $229,022.30. Following the sale, the executive vice president owned 6,208 shares of the company’s stock, valued at $1,179,892.48. This trade represents a 16.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Akhil Jain sold 700 shares of Gartner stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $201.73, for a total value of $141,211.00. Following the completion of the transaction, the executive vice president owned 8,130 shares of the company’s stock, valued at approximately $1,640,064.90. This represents a 7.93% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 6,043 shares of company stock worth $1,172,858. 2.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on IT. The Goldman Sachs Group raised their price objective on Gartner from $162.00 to $181.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Weiss Ratings raised shares of Gartner from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, August 13th. Morgan Stanley set a $177.00 price target on Gartner in a research note on Wednesday, August 5th. Zacks Research raised shares of Gartner from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Finally, Royal Bank Of Canada boosted their target price on shares of Gartner from $160.00 to $164.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $187.30.

View Our Latest Stock Analysis on IT

Gartner Price Performance

Shares of IT opened at $198.14 on Tuesday. The company has a 50 day moving average price of $159.23 and a 200-day moving average price of $156.51. Gartner, Inc. has a fifty-two week low of $124.25 and a fifty-two week high of $265.85. The stock has a market capitalization of $12.51 billion, a PE ratio of 17.77, a PEG ratio of 0.68 and a beta of 0.94. The company has a debt-to-equity ratio of 46.98, a quick ratio of 0.88 and a current ratio of 0.88.

Gartner (NYSE:ITGet Free Report) last posted its earnings results on Tuesday, August 4th. The information technology services provider reported $4.37 earnings per share (EPS) for the quarter, beating 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 return on equity of 525.46% and a net margin of 11.99%.The firm’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.53 earnings per share. Gartner has set its FY 2026 guidance at 14.000- EPS. Equities analysts predict that Gartner, Inc. will post 14.42 earnings per share for the current fiscal year.

Gartner Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Gartner (NYSE:IT)

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