Gartner, Inc. $IT Shares Sold by Bamco Inc. NY

Bamco Inc. NY decreased its position in Gartner, Inc. (NYSE:IT) by 3.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,652,761 shares of the information technology services provider’s stock after selling 118,848 shares during the period. Gartner makes up 4.0% of Bamco Inc. NY’s holdings, making the stock its 4th biggest holding. Bamco Inc. NY owned about 4.75% of Gartner worth $1,476,519,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Addison Advisors LLC acquired a new position in shares of Gartner in the 2nd quarter valued at about $27,000. Ransom Advisory Ltd acquired a new stake in Gartner during the first quarter worth approximately $29,000. Chilton Capital Management LLC bought a new stake in Gartner in the second quarter worth approximately $47,000. Osterweis Capital Management Inc. acquired a new position in Gartner in the second quarter valued at approximately $48,000. Finally, Bayforest Capital Ltd boosted its holdings in shares of Gartner by 527.3% during 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 in the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on IT. Truist Financial set a $300.00 price objective on shares of Gartner in a research note on Wednesday, November 26th. Barclays decreased their price target on shares of Gartner from $270.00 to $260.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 5th. The Goldman Sachs Group cut their price objective on shares of Gartner from $457.00 to $390.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. Wolfe Research initiated coverage on Gartner in a research report on Wednesday, September 3rd. They issued a “peer perform” rating for the company. Finally, Wells Fargo & Company dropped their price target on Gartner from $231.00 to $218.00 and set an “underweight” rating on the stock in a research note on Wednesday, November 5th. Four 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. Based on data from MarketBeat.com, Gartner has a consensus rating of “Hold” and an average target price of $311.67.

Gartner Trading Up 0.4%

NYSE:IT opened at $233.63 on Friday. The company has a debt-to-equity ratio of 4.42, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a 50-day moving average of $237.16 and a 200-day moving average of $293.84. The company has a market cap of $16.84 billion, a PE ratio of 20.49 and a beta of 1.08. Gartner, Inc. has a one year low of $222.54 and a one year high of $584.01.

Gartner (NYSE:IT) last announced its quarterly 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 business had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.52 billion. Gartner had a net margin of 13.71% and a return on equity of 92.12%. Gartner has set its FY 2025 guidance at 12.650- EPS. As a group, equities research analysts expect that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Insider Activity

In related news, EVP Claire Herkes sold 367 shares of the stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $231.56, for a total value of $84,982.52. Following the completion of the sale, the executive vice president directly owned 4,074 shares of the company’s stock, valued at approximately $943,375.44. This represents a 8.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Stephen G. Pagliuca acquired 43,300 shares of the company’s stock in a transaction on Wednesday, December 10th. The shares were bought at an average price of $229.57 per share, for a total transaction of $9,940,381.00. Following the completion of the purchase, the director owned 111,613 shares in the company, valued at approximately $25,622,996.41. This represents a 63.38% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 2.30% of the company’s stock.

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.