Plato Investment Management Ltd bought a new stake in shares of Gartner, Inc. (NYSE:IT – Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The firm bought 9,002 shares of the information technology services provider’s stock, valued at approximately $1,160,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. J. Stern & Co. LLP raised 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 purchasing an additional 1,518,333 shares during the period. Norges Bank acquired a new stake in Gartner during the 4th quarter valued at $299,576,000. Northwestern Mutual Wealth Management Co. increased its stake in Gartner by 108,812.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,025,952 shares of the information technology services provider’s stock worth $258,827,000 after buying an additional 1,025,010 shares during the period. Capital International Investors increased its stake in Gartner by 28.3% during the 4th quarter. Capital International Investors now owns 4,004,093 shares of the information technology services provider’s stock worth $1,010,153,000 after buying an additional 884,250 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in Gartner by 51.9% in the 4th quarter. AQR Capital Management LLC now owns 1,892,004 shares of the information technology services provider’s stock worth $477,315,000 after buying an additional 646,052 shares in the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on the stock. Weiss Ratings raised shares of Gartner from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday. Royal Bank Of Canada increased their price objective on shares of Gartner from $160.00 to $164.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 5th. UBS Group boosted their target price on shares of Gartner from $164.00 to $196.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Truist Financial set a $205.00 target price on shares of Gartner in a research note on Wednesday, August 5th. Finally, The Goldman Sachs Group lifted their price target on Gartner from $162.00 to $181.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $185.50.
Gartner Trading Down 0.9%
NYSE:IT opened at $179.38 on Tuesday. 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 $11.33 billion, a P/E ratio of 16.09, a P/E/G ratio of 0.60 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. The business has a 50 day simple moving average of $148.43 and a 200 day simple moving average of $155.42.
Gartner (NYSE:IT – Get Free Report) last issued its earnings results 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. Gartner had a return on equity of 525.46% and a net margin of 11.99%.The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same period last year, the company earned $3.53 earnings per share. The firm’s revenue for the quarter was down .6% on a year-over-year basis. Gartner has set its FY 2026 guidance at 14.000- EPS. Equities research analysts predict that Gartner, Inc. will post 14.44 EPS for the current year.
Insider Activity
In other news, 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 transaction of $158,498.00. Following the sale, the director owned 8,097 shares of the company’s stock, valued at approximately $1,492,277.10. The trade was a 9.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Yvonne Genovese sold 1,205 shares of the 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 transaction, 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 SEC filing for this sale provides additional information. Company insiders own 2.60% of the company’s stock.
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.
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