Tidal Investments LLC Has $3.03 Million Stock Holdings in Gartner, Inc. $IT

Tidal Investments LLC boosted its stake in Gartner, Inc. (NYSE:ITFree Report) by 14.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 23,389 shares of the information technology services provider’s stock after acquiring an additional 2,870 shares during the quarter. Tidal Investments LLC’s holdings in Gartner were worth $3,032,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Entrust Financial LLC acquired a new position in shares of Gartner during the fourth quarter worth $26,000. Bell Investment Advisors Inc lifted its stake in shares of 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 acquiring an additional 74 shares during the last quarter. Elyxium Wealth LLC acquired a new stake in shares of Gartner during the 4th quarter valued at $28,000. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Gartner during the 1st quarter valued at $34,000. Finally, Clearstead Trust LLC grew its position in Gartner by 351.6% during the 4th quarter. Clearstead Trust LLC now owns 140 shares of the information technology services provider’s stock worth $35,000 after acquiring an additional 109 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insider Activity

In other Gartner 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 completion of the transaction, the executive vice president owned 6,208 shares in the company, valued at approximately $1,179,892.48. This trade represents a 16.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Robin Kranich sold 3,278 shares of the company’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $196.50, for a total transaction of $644,127.00. Following the completion of the sale, the executive vice president directly owned 20,358 shares in the company, valued at approximately $4,000,347. This represents a 13.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 6,043 shares of company stock worth $1,172,858 in the last 90 days. 2.60% of the stock is owned by company insiders.

Gartner Trading Down 0.7%

NYSE IT opened at $195.70 on Wednesday. The business’s 50-day moving average price is $170.49 and its two-hundred day moving average price is $158.82. Gartner, Inc. has a 12 month low of $124.25 and a 12 month high of $265.85. The firm has a market capitalization of $12.36 billion, a PE ratio of 17.55, a price-to-earnings-growth ratio of 0.74 and a beta of 0.96. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 46.98.

Gartner (NYSE:ITGet Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The information technology services provider reported $4.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.76 by $0.61. The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.65 billion. Gartner had a return on equity of 525.46% and a net margin of 11.99%.The firm’s revenue was down .6% compared to the same quarter last year. During the same period last year, the company earned $3.53 earnings per share. Gartner has set its FY 2026 guidance at 14.000- EPS. On average, analysts expect that Gartner, Inc. will post 14.39 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on IT. UBS Group reaffirmed a “neutral” rating and issued a $196.00 target price on shares of Gartner in a report on Thursday, September 10th. BMO Capital Markets cut their price target on Gartner from $214.00 to $206.00 and set a “market perform” rating on the stock in a research note on Tuesday, August 18th. Truist Financial set a $205.00 price objective on Gartner in a research note on Wednesday, August 5th. Zacks Research upgraded shares of Gartner from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Finally, The Goldman Sachs Group lifted their target price on shares of Gartner from $162.00 to $181.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $187.30.

View Our Latest Stock Report on IT

Gartner Profile

(Free Report)

Gartner, Inc (NYSE: IT) is a global research and advisory company that provides independent insights, practical guidance and tools to help organizations make decisions about technology, business strategy and operations. Its clients include businesses, government agencies and other institutions across a wide range of industries and geographies.

The company’s primary offerings include subscription-based research, analyst advice, benchmarking data, consulting services and executive programs.

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Institutional Ownership by Quarter for Gartner (NYSE:IT)

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