Rep. Robert Bresnahan, Jr. Unloads Gartner, Inc. (NYSE:IT) Shares

Posted by Sarita Garza on Apr 30th, 2025

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Gartner, Inc. (NYSE:IT). In a filing disclosed on April 28th, the Representative disclosed that they had sold between $1,001 and $15,000 in Gartner stock on April 8th. The trade occurred in the Representative’s “JP MORGAN BROKERAGE ACCOUNT” account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

Sold $1,001 – $15,000 in shares of DexCom (NASDAQ:DXCM) on 4/8/2025.
Sold $1,001 – $15,000 in shares of Invesco (NYSE:IVZ) on 4/8/2025.
Sold $1,001 – $15,000 in shares of Generac (NYSE:GNRC) on 4/8/2025.
Sold $15,001 – $50,000 in shares of Occidental Petroleum (NYSE:OXY) on 4/8/2025.
Sold $15,001 – $50,000 in shares of Pfizer (NYSE:PFE) on 4/8/2025.
Sold $1,001 – $15,000 in shares of QUALCOMM (NASDAQ:QCOM) on 4/8/2025.
Sold $1,001 – $15,000 in shares of Best Buy (NYSE:BBY) on 4/8/2025.
Sold $1,001 – $15,000 in shares of EOG Resources (NYSE:EOG) on 4/8/2025.
Sold $1,001 – $15,000 in shares of CSX (NASDAQ:CSX) on 4/8/2025.
Sold $1,001 – $15,000 in shares of Valero Energy (NYSE:VLO) on 4/8/2025.

Gartner Price Performance

IT stock opened at $420.86 on Wednesday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.81. Gartner, Inc. has a 12 month low of $366.05 and a 12 month high of $584.01. The stock has a market cap of $32.33 billion, a PE ratio of 26.25, a P/E/G ratio of 3.30 and a beta of 1.26. The company has a 50-day moving average price of $434.22 and a 200 day moving average price of $487.62.

Gartner (NYSE:IT – Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.22 by $2.23. The company had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.69 billion. Gartner had a return on equity of 116.56% and a net margin of 20.00%. Gartner’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.04 EPS. Equities research analysts anticipate that Gartner, Inc. will post 12.5 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Eileen Serra sold 1,200 shares of Gartner stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $489.77, for a total transaction of $587,724.00. Following the completion of the transaction, the director now directly owns 1,627 shares in the company, valued at approximately $796,855.79. This trade represents a 42.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP John J. Rinello sold 90 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $530.51, for a total transaction of $47,745.90. Following the sale, the senior vice president now directly owns 3,259 shares in the company, valued at $1,728,932.09. The trade was a 2.69 % decrease in their position. The disclosure for this sale can be found here. 3.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Cary Street Partners Financial LLC purchased a new position in shares of Gartner in the 4th quarter valued at approximately $27,000. Kestra Investment Management LLC purchased a new position in Gartner in the 4th quarter worth $29,000. Itau Unibanco Holding S.A. lifted its position in Gartner by 453.3% during the 4th quarter. Itau Unibanco Holding S.A. now owns 83 shares of the information technology services provider’s stock worth $40,000 after acquiring an additional 68 shares during the period. Olde Wealth Management LLC acquired a new position in shares of Gartner in the first quarter valued at about $42,000. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Gartner during the fourth quarter worth about $49,000. Institutional investors own 91.51% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on IT shares. Wells Fargo & Company reduced their price objective on Gartner from $488.00 to $401.00 and set an “underweight” rating on the stock in a report on Wednesday, April 9th. UBS Group lowered their price objective on shares of Gartner from $565.00 to $500.00 and set a “buy” rating for the company in a research note on Tuesday, March 25th. Robert W. Baird reduced their price target on shares of Gartner from $605.00 to $557.00 and set an “outperform” rating for the company in a report on Friday, March 21st. The Goldman Sachs Group reiterated a “buy” rating on shares of Gartner in a research note on Tuesday, February 4th. Finally, Morgan Stanley reduced their price objective on shares of Gartner from $564.00 to $555.00 and set an “equal weight” rating for the company in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $513.63.

Get Our Latest Analysis on IT

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania’s 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania’s 8th Congressional District. He declared candidacy for the 2026 election.

Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

Gartner Company Profile

(Get Free Report)

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.