Douglas Lane & Associates LLC Boosts Stock Holdings in Gartner, Inc. $IT

Douglas Lane & Associates LLC boosted its position in Gartner, Inc. (NYSE:IT) by 1,719.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 119,827 shares of the information technology services provider’s stock after purchasing an additional 113,241 shares during the period. Douglas Lane & Associates LLC owned about 0.16% of Gartner worth $31,499,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC lifted its holdings in shares of Gartner by 1.8% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 1,725 shares of the information technology services provider’s stock valued at $697,000 after buying an additional 31 shares during the period. Verdence Capital Advisors LLC raised its position in Gartner by 2.6% in the second quarter. Verdence Capital Advisors LLC now owns 1,333 shares of the information technology services provider’s stock worth $539,000 after acquiring an additional 34 shares in the last quarter. Accurate Wealth Management LLC lifted its holdings in Gartner by 2.8% in the second quarter. Accurate Wealth Management LLC now owns 1,308 shares of the information technology services provider’s stock valued at $507,000 after acquiring an additional 36 shares during the period. EP Wealth Advisors LLC boosted its position in shares of Gartner by 5.0% during the 1st quarter. EP Wealth Advisors LLC now owns 800 shares of the information technology services provider’s stock worth $336,000 after purchasing an additional 38 shares in the last quarter. Finally, Apollon Wealth Management LLC grew its stake in shares of Gartner by 4.2% during the 2nd quarter. Apollon Wealth Management LLC now owns 965 shares of the information technology services provider’s stock worth $390,000 after purchasing an additional 39 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insider Activity at Gartner

In other Gartner news, SVP John J. Rinello sold 220 shares of the company’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $229.57, for a total value of $50,505.40. Following the transaction, the senior vice president directly owned 3,046 shares in the company, valued at approximately $699,270.22. This represents a 6.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 price 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 of the company’s stock, valued at approximately $25,622,996.41. This represents a 63.38% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 2.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on IT shares. BMO Capital Markets reduced their price objective on shares of Gartner from $272.00 to $254.00 and set a “market perform” rating for the company in a research note on Wednesday, November 5th. Barclays reduced 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 report on Wednesday, November 5th. The Goldman Sachs Group lowered their price target on Gartner from $457.00 to $390.00 and set a “buy” rating on the stock in a report on Wednesday, November 5th. Wolfe Research initiated coverage on Gartner in a report on Wednesday, September 3rd. They set a “peer perform” rating for the company. Finally, UBS Group set a $256.00 target price on Gartner and gave the stock a “neutral” rating in a research report on Tuesday, November 25th. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $308.11.

Gartner Price Performance

IT stock opened at $250.29 on Friday. The stock’s 50 day moving average price is $237.43 and its 200 day moving average price is $286.31. The firm has a market cap of $18.04 billion, a P/E ratio of 21.96 and a beta of 1.08. The company has a debt-to-equity ratio of 4.42, a quick ratio of 0.88 and a current ratio of 0.88. Gartner, Inc. has a 1 year low of $222.54 and a 1 year high of $584.01.

Gartner (NYSE:IT) last released its quarterly 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. Gartner had a return on equity of 92.12% and a net margin of 13.71%.The company had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.52 billion. Gartner has set its FY 2025 guidance at 12.650- EPS. On average, sell-side analysts expect that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Gartner Company Profile

Gartner, Inc is a global research and advisory firm that provides insights, advice and tools for leaders in IT, finance, HR, customer service and other business functions. Founded in 1979 and headquartered in Stamford, Connecticut, Gartner specializes in helping organizations make informed decisions about technology, operations and strategy through a combination of published research, advisory services, consulting, executive programs and events.

The company’s offerings include proprietary research reports, market forecasts, and analytical frameworks that are widely used by technology buyers and vendors.