Gartner, Inc. $IT Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. cut its position in Gartner, Inc. (NYSE:IT) by 5.8% during the second quarter, HoldingsChannel.com reports. The fund owned 20,173 shares of the information technology services provider’s stock after selling 1,250 shares during the period. Hantz Financial Services Inc.’s holdings in Gartner were worth $8,154,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Gartner by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 9,433,449 shares of the information technology services provider’s stock worth $3,959,596,000 after purchasing an additional 164,810 shares during the last quarter. Generation Investment Management LLP boosted its position 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 acquiring an additional 189,514 shares during the last quarter. JPMorgan Chase & Co. boosted its position 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 acquiring an additional 211,842 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its position 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 acquiring an additional 932,077 shares during the last quarter. Finally, Northern Trust Corp boosted its position in Gartner by 11.0% during the first quarter. Northern Trust Corp now owns 1,006,655 shares of the information technology services provider’s stock worth $422,533,000 after acquiring an additional 99,822 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insider Activity at Gartner

In other news, Director Jose M. Gutierrez purchased 417 shares of the firm’s stock in a transaction on Monday, August 18th. The shares were bought at an average cost of $239.80 per share, for a total transaction of $99,996.60. Following the completion of the purchase, the director directly 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP John J. Rinello sold 105 shares of the 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 in the company, valued at approximately $805,314.75. The trade was a 3.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 2.30% of the company’s stock.

Gartner Trading Down 0.6%

IT opened at $248.28 on Friday. Gartner, Inc. has a one year low of $223.65 and a one year high of $584.01. The business’s 50 day moving average price is $249.47 and its 200 day moving average price is $335.90. The stock has a market capitalization of $18.80 billion, a PE ratio of 15.28 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 announced its quarterly earnings results on Tuesday, August 5th. The information technology services provider reported $3.53 EPS for the quarter, beating the consensus estimate of $3.38 by $0.15. Gartner had a return on equity of 82.63% and a net margin of 19.71%.The business had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same quarter in the prior year, the company posted $3.22 EPS. The company’s quarterly revenue was up 5.7% on a year-over-year basis. Gartner has set its FY 2025 guidance at 11.750- EPS. As a group, equities research analysts expect that Gartner, Inc. will post 12.5 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Barclays set a $270.00 target price on Gartner and gave the stock an “equal weight” rating in a report on Wednesday, October 22nd. Weiss Ratings lowered Gartner from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Saturday, October 25th. BMO Capital Markets lowered their price objective 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. Wolfe Research began coverage on shares of Gartner in a research report on Wednesday, September 3rd. They set a “peer perform” rating on the stock. Finally, Royal Bank Of Canada began coverage on shares of Gartner in a research report on Tuesday, September 9th. They set a “sector perform” rating and a $263.00 price target on the stock. Four investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $346.80.

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.