Assenagon Asset Management S.A. Purchases 4,998 Shares of Gartner, Inc. $IT

Assenagon Asset Management S.A. increased its holdings in Gartner, Inc. (NYSE:IT) by 3.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 143,266 shares of the information technology services provider’s stock after acquiring an additional 4,998 shares during the period. Assenagon Asset Management S.A. owned about 0.19% of Gartner worth $37,660,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Union Bancaire Privee UBP SA grew its stake in Gartner by 63.1% in the 3rd quarter. Union Bancaire Privee UBP SA now owns 1,721 shares of the information technology services provider’s stock valued at $454,000 after purchasing an additional 666 shares during the period. Corient Private Wealth LLC boosted its holdings in shares of Gartner by 2.1% in the 2nd quarter. Corient Private Wealth LLC now owns 63,401 shares of the information technology services provider’s stock worth $25,628,000 after buying an additional 1,282 shares during the last quarter. Caldwell Trust Co bought a new position in Gartner during the second quarter valued at about $81,000. Osaic Holdings Inc. grew its position in Gartner by 26.5% during the second quarter. Osaic Holdings Inc. now owns 6,389 shares of the information technology services provider’s stock valued at $2,588,000 after buying an additional 1,340 shares during the period. Finally, Orion Porfolio Solutions LLC increased its holdings in Gartner by 1.8% during the second quarter. Orion Porfolio Solutions LLC now owns 24,357 shares of the information technology services provider’s stock worth $9,846,000 after buying an additional 433 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

IT has been the subject of a number of research reports. Weiss Ratings downgraded shares of Gartner from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Saturday, October 25th. BMO Capital Markets dropped their price objective on Gartner from $272.00 to $254.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 5th. Wells Fargo & Company reduced their price objective on Gartner from $231.00 to $218.00 and set an “underweight” rating for the company in a report on Wednesday, November 5th. Royal Bank Of Canada started coverage on Gartner in a research note on Tuesday, September 9th. They issued a “sector perform” rating and a $263.00 target price on the stock. Finally, The Goldman Sachs Group cut their price target on Gartner from $457.00 to $390.00 and set a “buy” rating for the company in a research note on Wednesday, November 5th. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $308.11.

Insider Transactions at Gartner

In other news, Director Stephen G. Pagliuca purchased 43,300 shares of the stock in a transaction dated Wednesday, December 10th. The shares were purchased at an average cost of $229.57 per share, with a total value of $9,940,381.00. Following the completion of the acquisition, the director owned 111,613 shares in the company, valued at $25,622,996.41. This represents a 63.38% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, 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 transaction, the senior vice president directly owned 3,046 shares of the company’s stock, valued at approximately $699,270.22. This represents a 6.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 2.30% of the company’s stock.

Gartner Price Performance

Gartner stock opened at $249.30 on Friday. The firm has a market capitalization of $17.97 billion, a P/E ratio of 21.87 and a beta of 1.08. Gartner, Inc. has a one year low of $222.54 and a one 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. The business has a fifty day moving average price of $237.22 and a 200-day moving average price of $288.58.

Gartner (NYSE:IT) last released its quarterly earnings data on Tuesday, November 4th. The information technology services provider reported $2.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.41 by $0.35. Gartner had a return on equity of 92.12% and a net margin of 13.71%.The company had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.52 billion. Gartner has set its FY 2025 guidance at 12.650- EPS. As a group, equities research analysts forecast that Gartner, Inc. will post 12.5 EPS for the current year.

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.