Gartner, Inc. $IT Shares Sold by TD Private Client Wealth LLC

TD Private Client Wealth LLC trimmed its holdings in Gartner, Inc. (NYSE:IT) by 91.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 238 shares of the information technology services provider’s stock after selling 2,704 shares during the period. TD Private Client Wealth LLC’s holdings in Gartner were worth $96,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Gartner by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 9,433,449 shares of the information technology services provider’s stock valued at $3,959,596,000 after purchasing an additional 164,810 shares in the last quarter. Generation Investment Management LLP raised its position in shares of Gartner by 16.5% in the 1st quarter. Generation Investment Management LLP now owns 1,341,342 shares of the information technology services provider’s stock valued at $563,015,000 after purchasing an additional 189,514 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Gartner by 20.5% in the 1st quarter. JPMorgan Chase & Co. now owns 1,245,563 shares of the information technology services provider’s stock valued at $522,813,000 after purchasing an additional 211,842 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its position in shares of Gartner by 692.2% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,066,732 shares of the information technology services provider’s stock valued at $447,751,000 after purchasing an additional 932,077 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of Gartner by 11.0% in the 1st quarter. Northern Trust Corp now owns 1,006,655 shares of the information technology services provider’s stock valued at $422,533,000 after purchasing an additional 99,822 shares in the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Royal Bank Of Canada initiated coverage on Gartner in a research report on Tuesday, September 9th. They issued a “sector perform” rating and a $263.00 target price on the stock. Wells Fargo & Company lowered their price target on Gartner from $345.00 to $225.00 and set an “underweight” rating for the company in a report on Wednesday, August 6th. Barclays lowered their price target on Gartner from $475.00 to $320.00 and set an “overweight” rating for the company in a report on Wednesday, August 6th. Wolfe Research initiated coverage on Gartner in a report on Wednesday, September 3rd. They issued a “peer perform” rating for the company. Finally, Morgan Stanley lowered their price target on Gartner from $455.00 to $322.00 and set an “equal weight” rating for the company in a report on Wednesday, August 6th. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Gartner has an average rating of “Hold” and a consensus price target of $357.44.

Gartner Trading Down 1.1%

Shares of Gartner stock opened at $261.19 on Tuesday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.61. The firm has a market cap of $19.78 billion, a price-to-earnings ratio of 16.07 and a beta of 1.20. The business has a fifty day simple moving average of $266.59 and a 200-day simple moving average of $361.95. Gartner, Inc. has a fifty-two week low of $223.65 and a fifty-two week high of $584.01.

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

Insider Buying and Selling at Gartner

In other news, Director Jose M. Gutierrez acquired 417 shares of the business’s stock in a transaction dated Monday, August 18th. The stock was acquired at an average price of $239.80 per share, for a total transaction of $99,996.60. Following the completion of the acquisition, the director directly owned 2,080 shares in the company, valued at $498,784. This represents a 25.08% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, SVP John J. Rinello sold 105 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $249.71, for a total value 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 approximately $805,314.75. This trade represents a 3.15% decrease in their position. The disclosure for this sale 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.