Gartner (NYSE:IT) EVP Sells $141,211.00 in Stock

Gartner, Inc. (NYSE:IT) EVP Akhil Jain sold 700 shares of the business’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $201.73, for a total value of $141,211.00. Following the sale, the executive vice president directly owned 8,130 shares of the company’s stock, valued at approximately $1,640,064.90. This trade represents a 7.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Gartner Stock Performance

Gartner stock opened at $198.22 on Friday. The company has a market cap of $12.52 billion, a price-to-earnings ratio of 17.78, a price-to-earnings-growth ratio of 0.68 and a beta of 0.94. Gartner, Inc. has a 12 month low of $124.25 and a 12 month high of $265.85. 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 stock’s 50-day moving average is $157.78 and its 200-day moving average is $156.26.

Gartner (NYSE:IT) last posted its earnings results on Tuesday, August 4th. The information technology services provider reported $4.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.76 by $0.61. The firm 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%. The company’s revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.53 EPS. Gartner has set its FY 2026 guidance at 14.000- EPS. Equities analysts anticipate that Gartner, Inc. will post 14.42 earnings per share for the current year.

Hedge Funds Weigh In On Gartner

Institutional investors have recently made changes to their positions in the business. Physician Wealth Advisors Inc. grew its position in shares of Gartner by 143.9% during the fourth quarter. Physician Wealth Advisors Inc. now owns 100 shares of the information technology services provider’s stock worth $25,000 after buying an additional 59 shares in the last quarter. DV Equities LLC bought a new position in Gartner during the 4th quarter valued at $25,000. Entrust Financial LLC acquired a new position in Gartner during the 4th quarter worth $26,000. Bell Investment Advisors Inc increased its position in shares of Gartner by 75.5% in the 1st quarter. Bell Investment Advisors Inc now owns 172 shares of the information technology services provider’s stock worth $27,000 after purchasing an additional 74 shares during the last quarter. Finally, Elyxium Wealth LLC acquired a new stake in shares of Gartner in the 4th quarter valued at about $28,000. 91.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

IT has been the topic of a number of recent research reports. BMO Capital Markets reduced their price objective on Gartner from $214.00 to $206.00 and set a “market perform” rating on the stock in a research note on Tuesday, August 18th. Wells Fargo & Company boosted their price target on Gartner from $120.00 to $150.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 5th. Truist Financial set a $205.00 price target on Gartner in a report on Wednesday, August 5th. The Goldman Sachs Group lifted their price objective on shares of Gartner from $162.00 to $181.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Finally, Weiss Ratings raised shares of Gartner from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Gartner currently has an average rating of “Hold” and an average price target of $187.30.

About Gartner

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.