Gartner, Inc. $IT Shares Bought by Engineers Gate Manager LP

Engineers Gate Manager LP lifted its stake in shares of Gartner, Inc. (NYSE:IT) by 2,257.8% during the second quarter, Holdings Channel.com reports. The firm owned 73,091 shares of the information technology services provider’s stock after acquiring an additional 69,991 shares during the period. Engineers Gate Manager LP’s holdings in Gartner were worth $9,474,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of IT. California State Teachers Retirement System increased its stake in Gartner by 9,136.9% during the 2nd quarter. California State Teachers Retirement System now owns 9,852,805 shares of the information technology services provider’s stock valued at $1,277,121,000 after buying an additional 9,746,137 shares during the period. Bamco Inc. NY acquired a new stake in shares of Gartner in the 2nd quarter worth approximately $985,243,000. BlackRock Inc. acquired a new stake in shares of Gartner in the 2nd quarter worth approximately $676,246,000. J. Stern & Co. LLP boosted its holdings in shares of Gartner by 8,182.0% in the fourth quarter. J. Stern & Co. LLP now owns 1,536,890 shares of the information technology services provider’s stock valued at $387,727,000 after acquiring an additional 1,518,333 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Gartner in the fourth quarter valued at approximately $299,576,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

Gartner Price Performance

NYSE IT opened at $170.42 on Friday. Gartner, Inc. has a 1 year low of $124.25 and a 1 year high of $265.85. The business’s fifty day moving average is $167.29 and its two-hundred day moving average is $157.90. The stock has a market capitalization of $10.76 billion, a P/E ratio of 15.28, a P/E/G ratio of 0.64 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.

Gartner (NYSE:IT) last issued 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 business had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.65 billion. Gartner had a return on equity of 525.46% and a net margin of 11.99%.The company’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the previous year, the firm posted $3.53 EPS. Gartner has set its FY 2026 guidance at 14.000- EPS. On average, research analysts forecast that Gartner, Inc. will post 14.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

IT has been the topic of several recent analyst reports. UBS Group reissued a “neutral” rating and set a $196.00 target price on shares of Gartner in a report on Thursday. Royal Bank Of Canada lifted their price target on Gartner from $160.00 to $164.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 5th. Zacks Research raised Gartner from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. Truist Financial set a $205.00 price objective on Gartner in a report on Wednesday, August 5th. Finally, The Goldman Sachs Group lifted their target price on Gartner from $162.00 to $181.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Gartner presently has an average rating of “Hold” and a consensus target price of $187.30.

Insiders Place Their Bets

In other news, EVP Yvonne Genovese sold 1,205 shares of the company’s stock in a transaction 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 transaction, the executive vice president directly owned 6,208 shares of the company’s stock, valued at approximately $1,179,892.48. This represents a 16.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Anne Fuchs sold 860 shares of the company’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $184.30, for a total value of $158,498.00. Following the completion of the transaction, the director directly owned 8,097 shares in the company, valued at approximately $1,492,277.10. The trade was a 9.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 6,043 shares of company stock worth $1,172,858. 2.60% of the stock is currently owned by corporate insiders.

Gartner Profile

Gartner, Inc (NYSE: IT) is a global research and advisory company that provides independent insights, practical guidance and tools to help organizations make decisions about technology, business strategy and operations. Its clients include businesses, government agencies and other institutions across a wide range of industries and geographies.

The company’s primary offerings include subscription-based research, analyst advice, benchmarking data, consulting services and executive programs.