Capital Fund Management S.A. Purchases 15,534 Shares of Gartner, Inc. $IT

Capital Fund Management S.A. raised its position in Gartner, Inc. (NYSE:IT) by 33.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 61,483 shares of the information technology services provider’s stock after purchasing an additional 15,534 shares during the quarter. Capital Fund Management S.A. owned 0.08% of Gartner worth $24,853,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Addison Advisors LLC bought a new stake in Gartner during the 2nd quarter valued at about $27,000. Ransom Advisory Ltd bought a new stake in Gartner during the 1st quarter valued at $29,000. Chilton Capital Management LLC purchased a new stake in shares of Gartner in the 2nd quarter worth $47,000. Bayforest Capital Ltd lifted its holdings in shares of Gartner by 527.3% in the 1st quarter. Bayforest Capital Ltd now owns 138 shares of the information technology services provider’s stock worth $58,000 after buying an additional 116 shares during the period. Finally, WPG Advisers LLC bought a new position in shares of Gartner during the 1st quarter worth $69,000. 91.51% of the stock is currently owned by institutional investors.

Gartner Stock Down 1.8%

Shares of Gartner stock opened at $231.16 on Friday. 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 company has a market cap of $16.66 billion, a P/E ratio of 14.23 and a beta of 1.19. The firm’s 50 day moving average price is $243.49 and its 200-day moving average price is $310.23. Gartner, Inc. has a 52-week low of $222.54 and a 52-week high of $584.01.

Gartner (NYSE:IT) last posted its earnings results on Tuesday, November 4th. The information technology services provider reported $2.76 EPS for the quarter, beating analysts’ consensus estimates of $2.41 by $0.35. The company had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.52 billion. Gartner had a net margin of 19.71% and a return on equity of 82.63%. Gartner has set its FY 2025 guidance at 12.650- EPS. On average, sell-side analysts predict that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Morgan Stanley set a $307.00 price objective on Gartner in a report on Monday, October 13th. Wells Fargo & Company reduced their price target on shares of Gartner from $231.00 to $218.00 and set an “underweight” rating for the company in a report on Wednesday, November 5th. Weiss Ratings downgraded shares of Gartner from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Saturday, October 25th. Truist Financial set a $300.00 price objective on shares of Gartner in a report on Wednesday. Finally, The Goldman Sachs Group lowered their target price on Gartner from $457.00 to $390.00 and set a “buy” rating for the company in a report on Wednesday, November 5th. Four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Gartner presently has an average rating of “Hold” and an average price target of $311.67.

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.