Transcend Capital Advisors LLC Purchases 215 Shares of Gartner, Inc. $IT

Transcend Capital Advisors LLC boosted its position in Gartner, Inc. (NYSE:IT) by 19.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,336 shares of the information technology services provider’s stock after acquiring an additional 215 shares during the period. Transcend Capital Advisors LLC’s holdings in Gartner were worth $540,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. boosted its holdings in Gartner by 692.2% during the first quarter. T. Rowe Price Investment Management Inc. now owns 1,066,732 shares of the information technology services provider’s stock worth $447,751,000 after buying an additional 932,077 shares during the last quarter. Nuveen LLC bought a new position in Gartner during the first quarter worth about $128,318,000. JPMorgan Chase & Co. boosted its holdings in Gartner by 20.5% during the first quarter. JPMorgan Chase & Co. now owns 1,245,563 shares of the information technology services provider’s stock worth $522,813,000 after buying an additional 211,842 shares during the last quarter. Generation Investment Management LLP boosted its holdings in Gartner by 16.5% during the first quarter. Generation Investment Management LLP now owns 1,341,342 shares of the information technology services provider’s stock worth $563,015,000 after buying an additional 189,514 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Gartner by 1.8% during the first quarter. Vanguard Group Inc. now owns 9,433,449 shares of the information technology services provider’s stock worth $3,959,596,000 after buying an additional 164,810 shares during the last quarter. Institutional investors own 91.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on IT. Barclays set a $270.00 target price on Gartner and gave the stock an “equal weight” rating in a report on Wednesday, October 22nd. The Goldman Sachs Group reduced their target price on Gartner from $535.00 to $457.00 and set a “buy” rating on the stock in a report on Wednesday, August 6th. BMO Capital Markets dropped their price target on Gartner from $409.00 to $272.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 6th. Royal Bank Of Canada initiated coverage on Gartner in a research report on Tuesday, September 9th. They set a “sector perform” rating and a $263.00 price target on the stock. Finally, Weiss Ratings lowered Gartner from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Saturday. Four research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Gartner presently has a consensus rating of “Hold” and an average price target of $346.20.

Gartner Stock Down 1.1%

Shares of Gartner stock opened at $252.75 on Wednesday. The business’s 50 day simple moving average is $249.27 and its 200 day simple moving average is $337.56. Gartner, Inc. has a 52-week low of $223.65 and a 52-week high of $584.01. The firm has a market cap of $19.14 billion, a PE ratio of 15.55 and a beta of 1.20. 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 posted its quarterly earnings results on Tuesday, August 5th. The information technology services provider reported $3.53 earnings per share for the quarter, topping the consensus estimate of $3.38 by $0.15. The firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.68 billion. Gartner had a return on equity of 82.63% and a net margin of 19.71%.The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.22 EPS. Gartner has set its FY 2025 guidance at 11.750- EPS. On average, analysts predict that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Insider Buying and Selling at Gartner

In related news, Director Jose M. Gutierrez bought 417 shares of the business’s stock in a transaction dated Monday, August 18th. The stock was purchased at an average cost of $239.80 per share, for a total transaction of $99,996.60. Following the transaction, the director owned 2,080 shares in the company, valued at $498,784. The trade was a 25.08% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP John J. Rinello sold 105 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $249.71, for a total value of $26,219.55. Following the sale, the senior vice president owned 3,225 shares of the company’s stock, valued at approximately $805,314.75. The trade was a 3.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 3.60% of the company’s stock.

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.