Avanza Fonder AB Has $1.86 Million Position in Gartner, Inc. $IT

Avanza Fonder AB raised its holdings in Gartner, Inc. (NYSE:IT) by 52.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,078 shares of the information technology services provider’s stock after acquiring an additional 2,441 shares during the quarter. Avanza Fonder AB’s holdings in Gartner were worth $1,861,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Addison Advisors LLC bought a new position in shares of Gartner during the 2nd quarter valued at $27,000. Ransom Advisory Ltd acquired a new position in Gartner during the first quarter worth $29,000. Chilton Capital Management LLC bought a new position in Gartner during the second quarter valued at about $47,000. Osterweis Capital Management Inc. acquired a new stake in shares of Gartner in the second quarter worth about $48,000. Finally, Bayforest Capital Ltd boosted its stake 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 acquiring an additional 116 shares in the last quarter. 91.51% of the stock is owned by institutional investors.

Analyst Ratings Changes

IT has been the topic of a number of recent analyst reports. UBS Group set a $256.00 price objective on Gartner and gave the company a “neutral” rating in a research note on Tuesday, November 25th. Wolfe Research initiated coverage on shares of Gartner in a research note on Wednesday, September 3rd. They issued a “peer perform” rating for the company. The Goldman Sachs Group decreased their price objective 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. William Blair reiterated an “outperform” rating on shares of Gartner in a report on Tuesday, October 21st. Finally, Royal Bank Of Canada assumed coverage on shares of Gartner in a research report on Tuesday, September 9th. They set a “sector perform” rating and a $263.00 target price for the company. Four equities 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $308.11.

Insider Buying and Selling at Gartner

In other Gartner news, SVP John J. Rinello sold 220 shares of the firm’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $229.57, for a total value 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. This trade represents a 6.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Claire Herkes sold 367 shares of the business’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $231.56, for a total value of $84,982.52. Following the sale, the executive vice president owned 4,074 shares in the company, valued at approximately $943,375.44. This represents a 8.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 2.30% of the company’s stock.

Gartner Price Performance

Shares of Gartner stock opened at $252.58 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 company has a market cap of $18.21 billion, a PE ratio of 22.16 and a beta of 1.08. The firm has a fifty day moving average price of $238.54 and a two-hundred day moving average price of $281.31. Gartner, Inc. has a fifty-two week low of $222.54 and a fifty-two week high of $584.01.

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