Clarkston Capital Partners LLC Invests $8.88 Million in Gartner, Inc. $IT

Clarkston Capital Partners LLC purchased a new position in shares of Gartner, Inc. (NYSE:IT) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 21,975 shares of the information technology services provider’s stock, valued at approximately $8,883,000.

Several other institutional investors also recently bought and sold shares of IT. Brighton Jones LLC acquired a new stake in shares of Gartner in the 4th quarter worth $309,000. Avantax Advisory Services Inc. raised its holdings in Gartner by 14.9% during the first quarter. Avantax Advisory Services Inc. now owns 994 shares of the information technology services provider’s stock worth $417,000 after purchasing an additional 129 shares in the last quarter. HB Wealth Management LLC lifted its position in Gartner by 17.5% in the first quarter. HB Wealth Management LLC now owns 1,722 shares of the information technology services provider’s stock valued at $723,000 after purchasing an additional 256 shares during the period. Bayforest Capital Ltd boosted its holdings in Gartner by 527.3% in the 1st quarter. Bayforest Capital Ltd now owns 138 shares of the information technology services provider’s stock valued at $58,000 after purchasing an additional 116 shares in the last quarter. Finally, Arkadios Wealth Advisors boosted its holdings in Gartner by 171.1% in the 1st quarter. Arkadios Wealth Advisors now owns 6,896 shares of the information technology services provider’s stock valued at $2,895,000 after purchasing an additional 4,352 shares in the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

Gartner Trading Down 1.8%

NYSE:IT opened at $231.16 on Friday. Gartner, Inc. has a 52-week low of $222.54 and a 52-week high of $584.01. 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 stock has a fifty day simple moving average of $243.49 and a 200-day simple moving average of $310.23. The company has a market capitalization of $16.66 billion, a PE ratio of 14.23 and a beta of 1.19.

Gartner (NYSE:IT) last posted its earnings results on Tuesday, November 4th. The information technology services provider reported $2.76 earnings per share for the quarter, beating the consensus estimate of $2.41 by $0.35. The firm had revenue of $1.52 billion during the quarter, compared to the consensus estimate 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, equities research analysts expect that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on IT. Wells Fargo & Company cut their target price on Gartner from $231.00 to $218.00 and set an “underweight” rating for the company in a research note on Wednesday, November 5th. Morgan Stanley set a $307.00 price objective on Gartner in a research report on Monday, October 13th. Wolfe Research initiated coverage on shares of Gartner in a research note on Wednesday, September 3rd. They set a “peer perform” rating on the stock. The Goldman Sachs Group cut their price target on shares of Gartner from $457.00 to $390.00 and set a “buy” rating for the company in a report on Wednesday, November 5th. Finally, Barclays decreased their price objective on shares of Gartner from $270.00 to $260.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 5th. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Gartner currently has an average rating of “Hold” and an average price target of $311.67.

Gartner Profile

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.