Gartner, Inc. $IT Shares Sold by Liontrust Investment Partners LLP

Liontrust Investment Partners LLP reduced its position in Gartner, Inc. (NYSE:IT) by 85.2% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,505 shares of the information technology services provider’s stock after selling 8,658 shares during the quarter. Liontrust Investment Partners LLP’s holdings in Gartner were worth $608,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of IT. Brighton Jones LLC acquired a new position in Gartner during the fourth quarter valued at approximately $309,000. Vestmark Advisory Solutions Inc. raised its stake in shares of Gartner by 63.7% in the 1st quarter. Vestmark Advisory Solutions Inc. now owns 2,338 shares of the information technology services provider’s stock valued at $981,000 after acquiring an additional 910 shares during the period. Horizon Investments LLC lifted its holdings in shares of Gartner by 5.4% during the 1st quarter. Horizon Investments LLC now owns 1,107 shares of the information technology services provider’s stock valued at $465,000 after acquiring an additional 57 shares in the last quarter. Aberdeen Group plc boosted its position in Gartner by 60.1% during the 1st quarter. Aberdeen Group plc now owns 67,580 shares of the information technology services provider’s stock worth $28,169,000 after purchasing an additional 25,367 shares during the period. Finally, Northwest & Ethical Investments L.P. increased its holdings in Gartner by 236.8% in the 1st quarter. Northwest & Ethical Investments L.P. now owns 1,886 shares of the information technology services provider’s stock valued at $790,000 after purchasing an additional 1,326 shares in the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Gartner Trading Up 0.4%

Shares of IT opened at $233.63 on Monday. Gartner, Inc. has a one year low of $222.54 and a one year high of $584.01. The stock has a 50-day moving average price of $237.16 and a 200 day moving average price of $291.78. The company has a debt-to-equity ratio of 4.42, a quick ratio of 0.88 and a current ratio of 0.88. The company has a market capitalization of $16.84 billion, a P/E ratio of 20.49 and a beta of 1.08.

Gartner (NYSE:IT) last announced its earnings results on Tuesday, November 4th. The information technology services provider reported $2.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.41 by $0.35. Gartner had a return on equity of 92.12% and a net margin of 13.71%.The company had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.52 billion. Gartner has set its FY 2025 guidance at 12.650- EPS. Sell-side analysts forecast that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Insider Buying and Selling at Gartner

In related news, Director Stephen G. Pagliuca acquired 43,300 shares of the firm’s stock in a transaction on Wednesday, December 10th. The stock was bought at an average cost of $229.57 per share, with a total value of $9,940,381.00. Following the acquisition, the director directly owned 111,613 shares in the company, valued at approximately $25,622,996.41. The trade was a 63.38% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Claire Herkes sold 367 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $231.56, for a total transaction of $84,982.52. Following the completion of the sale, the executive vice president directly owned 4,074 shares of the company’s stock, valued at $943,375.44. The trade was a 8.26% decrease in their position. The SEC filing for this sale provides additional information. 3.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on IT shares. Weiss Ratings cut Gartner from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Saturday, October 25th. UBS Group set a $256.00 target price on Gartner and gave the company a “neutral” rating in a report on Tuesday, November 25th. Truist Financial set a $300.00 price target on Gartner in a report on Wednesday, November 26th. Barclays lowered their price objective on shares of Gartner from $270.00 to $260.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 5th. Finally, Morgan Stanley set a $307.00 target price on shares of Gartner in a research report on Monday, October 13th. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $311.67.

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.