HighTower Advisors LLC Increases Position in Gartner, Inc. $IT

HighTower Advisors LLC lifted its position in Gartner, Inc. (NYSE:IT) by 23.4% in the second quarter, Holdings Channel.com reports. The firm owned 169,707 shares of the information technology services provider’s stock after purchasing an additional 32,234 shares during the quarter. HighTower Advisors LLC’s holdings in Gartner were worth $21,997,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of IT. DV Equities LLC purchased a new stake in Gartner during the fourth quarter valued at about $25,000. Entrust Financial LLC purchased a new stake in shares of Gartner during the fourth quarter worth about $26,000. Bell Investment Advisors Inc raised its position in Gartner by 75.5% during the 1st quarter. Bell Investment Advisors Inc now owns 172 shares of the information technology services provider’s stock valued at $27,000 after purchasing an additional 74 shares during the last quarter. Elyxium Wealth LLC bought a new position in shares of Gartner during the fourth quarter valued at approximately $28,000. Finally, Cassaday & Co Wealth Management LLC purchased a new stake in shares of Gartner in the 1st quarter worth about $34,000. Institutional investors own 91.51% of the company’s stock.

Insider Transactions at Gartner

In other news, Director Anne Fuchs sold 860 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $1,492,277.10. This trade represents a 9.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Robin Kranich sold 3,278 shares of the stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $196.50, for a total value of $644,127.00. Following the completion of the sale, the executive vice president directly owned 20,358 shares in the company, valued at $4,000,347. This represents a 13.87% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 6,043 shares of company stock worth $1,172,858 in the last 90 days. Insiders own 2.60% of the company’s stock.

Gartner Stock Down 7.4%

Shares of IT opened at $172.58 on Wednesday. Gartner, Inc. has a one year low of $124.25 and a one year high of $265.85. The stock has a market capitalization of $10.90 billion, a price-to-earnings ratio of 15.48, a PEG ratio of 0.65 and a beta of 0.96. The company has a debt-to-equity ratio of 46.98, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a 50 day moving average price of $165.89 and a 200 day moving average price of $157.69.

Gartner (NYSE:IT) last released its quarterly earnings data on Tuesday, August 4th. The information technology services provider reported $4.37 earnings per share for the quarter, topping analysts’ consensus estimates of $3.76 by $0.61. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.65 billion. Gartner had a return on equity of 525.46% and a net margin of 11.99%.The firm’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.53 earnings per share. Gartner has set its FY 2026 guidance at 14.000- EPS. Equities research analysts forecast that Gartner, Inc. will post 14.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on IT. Weiss Ratings upgraded shares of Gartner from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, August 13th. Royal Bank Of Canada raised their price objective 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. The Goldman Sachs Group increased their price target on Gartner from $162.00 to $181.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Truist Financial set a $205.00 target price on Gartner in a research report on Wednesday, August 5th. Finally, UBS Group increased their price objective on shares of Gartner from $164.00 to $196.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $187.30.

Gartner Company 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.