360,635 Shares in Gartner, Inc. $IT Purchased by Diamond Hill Capital Management LLC Investment Advisor

Diamond Hill Capital Management LLC Investment Advisor acquired a new position in Gartner, Inc. (NYSE:IT) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 360,635 shares of the information technology services provider’s stock, valued at approximately $46,746,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Physician Wealth Advisors Inc. grew its position in shares of Gartner by 143.9% during the 4th quarter. Physician Wealth Advisors Inc. now owns 100 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 59 shares in the last quarter. DV Equities LLC bought a new position in shares of Gartner during the fourth quarter worth approximately $25,000. Rakuten Securities Inc. raised its position in shares of Gartner by 1,980.0% in the fourth quarter. Rakuten Securities Inc. now owns 104 shares of the information technology services provider’s stock valued at $26,000 after buying an additional 99 shares in the last quarter. Entrust Financial LLC acquired a new stake in shares of Gartner in the fourth quarter valued at approximately $26,000. Finally, Bell Investment Advisors Inc boosted its stake in shares of Gartner by 75.5% in the first quarter. Bell Investment Advisors Inc now owns 172 shares of the information technology services provider’s stock valued at $27,000 after buying an additional 74 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Gartner Stock Performance

Shares of Gartner stock opened at $181.06 on Monday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 46.98. The company has a market cap of $11.43 billion, a PE ratio of 16.24, a price-to-earnings-growth ratio of 0.60 and a beta of 0.94. The company has a 50 day moving average of $148.05 and a 200-day moving average of $155.79. Gartner, Inc. has a 1-year low of $124.25 and a 1-year high of $265.85.

Gartner (NYSE:IT) last announced its quarterly earnings data on Tuesday, August 4th. The information technology services provider reported $4.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.76 by $0.61. Gartner had a net margin of 11.99% and a return on equity of 525.46%. The business had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.65 billion. During the same period last year, the firm posted $3.53 earnings per share. The firm’s quarterly revenue was down .6% compared to the same quarter last year. Gartner has set its FY 2026 guidance at 14.000- EPS. As a group, equities research analysts forecast that Gartner, Inc. will post 14.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Truist Financial set a $205.00 price target on Gartner in a research report on Wednesday, August 5th. Royal Bank Of Canada lifted their price objective on Gartner from $160.00 to $164.00 and gave the company a “sector perform” rating in a report on Wednesday, August 5th. UBS Group upped their target price on Gartner from $164.00 to $196.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Zacks Research raised Gartner from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Finally, Morgan Stanley set a $177.00 price target on Gartner in a research report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $185.50.

Insiders Place Their Bets

In other Gartner news, EVP Yvonne Genovese sold 1,205 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $190.06, for a total value of $229,022.30. Following the sale, the executive vice president owned 6,208 shares of the company’s stock, valued at approximately $1,179,892.48. This trade represents a 16.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Anne Sutherland Fuchs sold 860 shares of Gartner stock in a transaction on 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 transaction, the director owned 8,097 shares in the company, valued at approximately $1,492,277.10. The trade was a 9.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 2.60% of the company’s stock.

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.