Gartner, Inc. $IT Shares Bought by Ballentine Partners LLC

Ballentine Partners LLC grew its position in shares of Gartner, Inc. (NYSE:IT) by 21.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 589 shares of the information technology services provider’s stock after purchasing an additional 105 shares during the period. Ballentine Partners LLC’s holdings in Gartner were worth $238,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of IT. Ransom Advisory Ltd acquired a new stake in shares of Gartner in the first quarter worth approximately $29,000. Olde Wealth Management LLC acquired a new stake in shares of Gartner in the first quarter worth approximately $42,000. GW&K Investment Management LLC boosted its position in shares of Gartner by 210.8% in the first quarter. GW&K Investment Management LLC now owns 115 shares of the information technology services provider’s stock worth $48,000 after acquiring an additional 78 shares during the last quarter. Wayfinding Financial LLC acquired a new stake in shares of Gartner in the first quarter worth approximately $55,000. Finally, Bayforest Capital Ltd boosted its position in shares of Gartner by 527.3% in the first quarter. Bayforest Capital Ltd now owns 138 shares of the information technology services provider’s stock worth $58,000 after acquiring an additional 116 shares during the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Royal Bank Of Canada assumed coverage on shares of Gartner in a report on Tuesday, September 9th. They issued a “sector perform” rating and a $263.00 price target on the stock. Morgan Stanley dropped their price objective on shares of Gartner from $455.00 to $322.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 6th. The Goldman Sachs Group dropped their price target on shares of Gartner from $535.00 to $457.00 and set a “buy” rating for the company in a research note on Wednesday, August 6th. Wells Fargo & Company decreased their price objective on shares of Gartner from $345.00 to $225.00 and set an “underweight” rating for the company in a report on Wednesday, August 6th. Finally, Barclays decreased their price objective on shares of Gartner from $475.00 to $320.00 and set an “overweight” rating for the company in a report on Wednesday, August 6th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Gartner presently has an average rating of “Hold” and an average target price of $357.44.

Gartner Trading Down 1.1%

NYSE:IT opened at $261.19 on Tuesday. The stock’s 50 day moving average price is $266.59 and its 200 day moving average price is $361.95. Gartner, Inc. has a 52 week low of $223.65 and a 52 week high of $584.01. The company has a market capitalization of $19.78 billion, a P/E ratio of 16.07 and a beta of 1.20. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.11 and a current ratio of 1.11.

Gartner (NYSE:IT) last released its quarterly earnings data on Tuesday, August 5th. The information technology services provider reported $3.53 EPS for the quarter, topping analysts’ consensus estimates of $3.38 by $0.15. Gartner had a return on equity of 82.63% and a net margin of 19.71%.The firm had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter in the prior year, the company posted $3.22 earnings per share. The firm’s revenue was up 5.7% on a year-over-year basis. Gartner has set its FY 2025 guidance at 11.750- EPS. On average, research analysts forecast that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Insider Buying and Selling

In other Gartner news, SVP John J. Rinello sold 105 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $249.71, for a total transaction of $26,219.55. Following the completion of the sale, the senior vice president owned 3,225 shares of the company’s stock, valued at $805,314.75. This represents a 3.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jose M. Gutierrez bought 417 shares of the firm’s stock in a transaction on Monday, August 18th. The shares were bought at an average cost of $239.80 per share, with a total value of $99,996.60. Following the transaction, the director directly owned 2,080 shares of the company’s stock, valued at approximately $498,784. This trade represents a 25.08% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 2.30% of the company’s stock.

About Gartner

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.