85,909 Shares in Gartner, Inc. $IT Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Gartner, Inc. (NYSE:IT) during the second quarter, Holdings Channel reports. The firm purchased 85,909 shares of the information technology services provider’s stock, valued at approximately $11,136,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in IT. Plato Investment Management Ltd acquired a new stake in shares of Gartner in the 2nd quarter valued at $1,160,000. Diamond Hill Capital Management LLC Investment Advisor bought a new position in shares of Gartner in the 2nd quarter valued at $46,746,000. Bank of New York Mellon Corp acquired a new position in shares of Gartner during the 2nd quarter worth $51,262,000. Focus Partners Advisor Solutions LLC bought a new stake in shares of Gartner during the 2nd quarter worth $911,000. Finally, GSA Capital Partners LLP bought a new stake in shares of Gartner during the 2nd quarter worth $226,000. 91.51% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Gartner news, Director Anne Sutherland Fuchs sold 860 shares of the stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $184.30, for a total value of $158,498.00. Following the completion of the sale, the director owned 8,097 shares in the company, valued at approximately $1,492,277.10. This trade represents a 9.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Yvonne Genovese sold 1,205 shares of the stock in a transaction that occurred 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 sale, the executive vice president directly owned 6,208 shares of the company’s stock, valued at $1,179,892.48. The trade was a 16.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 2.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. The Goldman Sachs Group lifted their price target on shares of Gartner from $162.00 to $181.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Morgan Stanley set a $177.00 price target on shares of Gartner in a research report on Wednesday, August 5th. Zacks Research raised shares of Gartner from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. Royal Bank Of Canada lifted their price target on shares of Gartner from $160.00 to $164.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 5th. Finally, Truist Financial set a $205.00 price objective on shares of Gartner in a research note on Wednesday, August 5th. One equities 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 issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $187.30.

Gartner Price Performance

IT stock opened at $193.09 on Friday. The company has a debt-to-equity ratio of 46.98, a current ratio of 0.88 and a quick ratio of 0.88. The company’s 50-day moving average is $150.59 and its 200-day moving average is $154.87. The stock has a market capitalization of $12.19 billion, a PE ratio of 17.32, a price-to-earnings-growth ratio of 0.64 and a beta of 0.94. Gartner, Inc. has a 1 year low of $124.25 and a 1 year high of $265.85.

Gartner (NYSE:IT) 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, beating the consensus estimate of $3.76 by $0.61. The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.65 billion. Gartner had a net margin of 11.99% and a return on equity of 525.46%. Gartner’s revenue was down .6% compared to the same quarter last year. During the same quarter last year, the firm posted $3.53 EPS. Gartner has set its FY 2026 guidance at 14.000- EPS. Equities research analysts expect that Gartner, Inc. will post 14.44 EPS for the current fiscal year.

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.