Gartner, Inc. $IT Holdings Decreased by Swedbank AB

Swedbank AB decreased its holdings in shares of Gartner, Inc. (NYSE:IT) by 0.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,775 shares of the information technology services provider’s stock after selling 423 shares during the quarter. Swedbank AB owned 0.07% of Gartner worth $23,831,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. DAVENPORT & Co LLC grew its holdings in shares of Gartner by 11.5% during the first quarter. DAVENPORT & Co LLC now owns 921 shares of the information technology services provider’s stock valued at $387,000 after buying an additional 95 shares in the last quarter. HighPoint Advisor Group LLC grew its holdings in shares of Gartner by 3.6% during the first quarter. HighPoint Advisor Group LLC now owns 1,145 shares of the information technology services provider’s stock valued at $482,000 after buying an additional 40 shares in the last quarter. Dynamic Technology Lab Private Ltd grew its holdings in shares of Gartner by 94.9% during the first quarter. Dynamic Technology Lab Private Ltd now owns 2,670 shares of the information technology services provider’s stock valued at $1,121,000 after buying an additional 1,300 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Gartner by 3.6% during the first quarter. SG Americas Securities LLC now owns 42,389 shares of the information technology services provider’s stock valued at $17,792,000 after buying an additional 1,484 shares in the last quarter. Finally, Brighton Jones LLC purchased a new position in shares of Gartner during the fourth quarter valued at $309,000. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Insider Activity

In other Gartner news, Director Jose M. Gutierrez acquired 417 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The stock was acquired at an average price of $239.80 per share, with a total value of $99,996.60. Following the transaction, the director owned 2,080 shares of the company’s stock, valued at approximately $498,784. This trade represents a 25.08% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP John J. Rinello sold 105 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $249.71, for a total value of $26,219.55. Following the transaction, the senior vice president directly owned 3,225 shares of the company’s stock, valued at $805,314.75. This represents a 3.15% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.

Gartner Stock Performance

IT opened at $247.40 on Friday. The company has a market cap of $18.74 billion, a PE ratio of 15.22 and a beta of 1.20. The stock has a 50-day moving average of $292.34 and a 200-day moving average of $379.54. Gartner, Inc. has a 52-week low of $223.65 and a 52-week high of $584.01. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.11 and a current ratio of 1.11.

Gartner (NYSE:IT) last released its quarterly earnings results on Tuesday, August 5th. The information technology services provider reported $3.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.38 by $0.15. The company had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.68 billion. Gartner had a return on equity of 82.63% and a net margin of 19.71%.The firm’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.22 EPS. Gartner has set its FY 2025 guidance at 11.750- EPS. As a group, equities research analysts forecast that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on IT shares. Wells Fargo & Company reduced their price objective on Gartner from $345.00 to $225.00 and set an “underweight” rating for the company in a research report on Wednesday, August 6th. Morgan Stanley lowered their target price on Gartner from $455.00 to $322.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 6th. BMO Capital Markets lowered their target price on Gartner from $409.00 to $272.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 6th. Barclays lowered their target price on Gartner from $475.00 to $320.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 6th. Finally, UBS Group restated a “neutral” rating and issued a $270.00 target price (down previously from $480.00) on shares of Gartner in a research note on Wednesday, August 6th. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Gartner presently has a consensus rating of “Hold” and an average price target of $357.44.

Gartner Company Profile

Gartner, Inc operates as a research and advisory company in the United States, Canada, Europe, the Middle East, Africa, and internationally. It operates through three segments: Research, Conferences, and Consulting. The Research segment delivers its research primarily through a subscription service that include on-demand access to published research content, data and benchmarks, and direct access to a network of research experts.