Gartner, Inc. $IT Shares Purchased by Caxton Associates LLP

Caxton Associates LLP boosted its position in shares of Gartner, Inc. (NYSE:IT) by 171.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,402 shares of the information technology services provider’s stock after acquiring an additional 10,356 shares during the quarter. Caxton Associates LLP’s holdings in Gartner were worth $6,630,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Addison Advisors LLC purchased a new position in shares of Gartner in the second quarter valued at approximately $27,000. Ransom Advisory Ltd purchased a new stake in Gartner during the 1st quarter worth approximately $29,000. Chilton Capital Management LLC acquired a new stake in Gartner during the 2nd quarter worth approximately $47,000. Osterweis Capital Management Inc. acquired a new stake in Gartner during the 2nd quarter worth approximately $48,000. Finally, Bayforest Capital Ltd boosted its position 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 buying an additional 116 shares during the period. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP John J. Rinello sold 220 shares of the business’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $229.57, for a total transaction of $50,505.40. Following the completion of the sale, the senior vice president owned 3,046 shares in the company, valued at approximately $699,270.22. The trade was a 6.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stephen G. Pagliuca bought 43,300 shares of the stock in a transaction dated Wednesday, December 10th. The stock was bought at an average price of $229.57 per share, with a total value of $9,940,381.00. Following the acquisition, 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. The disclosure for this purchase is available in the SEC filing. 2.30% of the stock is owned by corporate insiders.

Gartner Stock Up 0.4%

Shares of NYSE IT opened at $233.63 on Friday. The business has a 50-day moving average of $237.16 and a two-hundred day moving average of $292.79. The company has a market capitalization of $16.84 billion, a price-to-earnings ratio of 20.49 and a beta of 1.08. Gartner, Inc. has a 1 year low of $222.54 and a 1 year high of $584.01. The company has a debt-to-equity ratio of 4.42, a current ratio of 0.88 and a quick ratio of 0.88.

Gartner (NYSE:IT) last issued its earnings results on Tuesday, November 4th. The information technology services provider reported $2.76 earnings per share for the quarter, topping the consensus estimate of $2.41 by $0.35. The business had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.52 billion. Gartner had a return on equity of 92.12% and a net margin of 13.71%.Gartner has set its FY 2025 guidance at 12.650- EPS. On average, analysts forecast that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on IT. Morgan Stanley set a $307.00 price objective on Gartner in a research report on Monday, October 13th. Royal Bank Of Canada initiated coverage on Gartner in a research note on Tuesday, September 9th. They set a “sector perform” rating and a $263.00 target price for the company. The Goldman Sachs Group reduced their price target on Gartner from $457.00 to $390.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. Truist Financial set a $300.00 price objective on Gartner in a research note on Wednesday, November 26th. Finally, Barclays cut their target price on shares of Gartner from $270.00 to $260.00 and set an “equal weight” 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 given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Gartner has a consensus rating of “Hold” and a consensus 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.