Perigon Wealth Management LLC acquired a new stake in Gartner, Inc. (NYSE:IT – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,837 shares of the information technology services provider’s stock, valued at approximately $497,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC bought a new stake in Gartner in the 4th quarter valued at $309,000. Sivia Capital Partners LLC acquired a new stake in Gartner in the 2nd quarter worth $336,000. Cresset Asset Management LLC increased its holdings in shares of Gartner by 15.2% during the 2nd quarter. Cresset Asset Management LLC now owns 1,446 shares of the information technology services provider’s stock worth $585,000 after purchasing an additional 191 shares during the period. Sei Investments Co. increased its holdings in shares of Gartner by 9.2% during the 2nd quarter. Sei Investments Co. now owns 91,205 shares of the information technology services provider’s stock worth $36,867,000 after purchasing an additional 7,678 shares during the period. Finally, The Manufacturers Life Insurance Company raised its position in shares of Gartner by 111.5% during the second quarter. The Manufacturers Life Insurance Company now owns 95,301 shares of the information technology services provider’s stock valued at $38,523,000 after buying an additional 50,251 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.
Insider Activity at Gartner
In related news, Director Anne Sutherland Fuchs sold 860 shares of the business’s stock in a transaction 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 sale, the director owned 8,097 shares of the company’s stock, valued at $1,492,277.10. The trade was a 9.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Yvonne Genovese sold 1,205 shares of the company’s stock in a transaction on Monday, August 10th. The shares were 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 owned 6,208 shares in the company, valued at $1,179,892.48. This trade represents a 16.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 2.60% of the company’s stock.
Gartner Price Performance
Gartner (NYSE:IT – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The information technology services provider reported $4.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.76 by $0.61. The firm had revenue of $1.68 billion during 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%. The company’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.53 earnings per share. Gartner has set its FY 2026 guidance at 14.000- EPS. As a group, research analysts expect that Gartner, Inc. will post 14.44 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on the stock. Weiss Ratings upgraded shares of Gartner from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, August 13th. UBS Group boosted their price target on Gartner from $164.00 to $196.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. The Goldman Sachs Group raised their price objective on Gartner from $162.00 to $181.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Royal Bank Of Canada lifted their price objective on Gartner from $160.00 to $164.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 5th. Finally, Zacks Research upgraded Gartner from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. 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. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $187.30.
Read Our Latest Stock Report on IT
Gartner 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.
See Also
- Five stocks we like better than Gartner
- Bloom Energy’s AI Surge Meets a Valuation Reality Check
- Target Is Winning Shoppers Back—Can the Rally Reach $180?
- IonQ’s Space Contract Points to a New Frontier for Quantum Investors
- Is Apple’s AI Strategy Smarter Than Skeptics Think?
Want to see what other hedge funds are holding IT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gartner, Inc. (NYSE:IT – Free Report).
Receive News & Ratings for Gartner Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gartner and related companies with MarketBeat.com's FREE daily email newsletter.
