Cynosure Group LLC Has $606,000 Holdings in Gartner, Inc. $IT

Cynosure Group LLC lessened its holdings in Gartner, Inc. (NYSE:IT) by 48.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,307 shares of the information technology services provider’s stock after selling 2,157 shares during the period. Cynosure Group LLC’s holdings in Gartner were worth $606,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Aviva PLC boosted its holdings in shares of Gartner by 6.1% during the 2nd quarter. Aviva PLC now owns 58,559 shares of the information technology services provider’s stock worth $23,671,000 after buying an additional 3,390 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Gartner by 22.2% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 34,964 shares of the information technology services provider’s stock valued at $13,995,000 after acquiring an additional 6,352 shares in the last quarter. Highland Capital Management LLC acquired a new position in shares of Gartner during the 3rd quarter valued at $1,502,000. State of Michigan Retirement System boosted its stake in Gartner by 10.1% during the second quarter. State of Michigan Retirement System now owns 22,947 shares of the information technology services provider’s stock worth $9,276,000 after acquiring an additional 2,100 shares in the last quarter. Finally, Edgestream Partners L.P. grew its holdings in Gartner by 774.5% in the second quarter. Edgestream Partners L.P. now owns 22,080 shares of the information technology services provider’s stock worth $8,925,000 after purchasing an additional 19,555 shares during the period. Institutional investors own 91.51% of the company’s stock.

Wall Street Analysts Forecast Growth

IT has been the topic of several research reports. Barclays dropped their price objective on shares of Gartner from $270.00 to $260.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 5th. The Goldman Sachs Group dropped their price target on Gartner from $457.00 to $390.00 and set a “buy” rating on the stock in a research note on Wednesday, November 5th. Morgan Stanley reduced their price objective on Gartner from $281.00 to $275.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 17th. BMO Capital Markets decreased their price objective on Gartner from $272.00 to $254.00 and set a “market perform” rating for the company in a report on Wednesday, November 5th. 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 equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $308.11.

Gartner Stock Down 6.0%

IT stock opened at $237.12 on Monday. The firm has a market capitalization of $17.09 billion, a PE ratio of 20.80 and a beta of 1.07. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 4.42. Gartner, Inc. has a twelve month low of $222.54 and a twelve month high of $584.01. The stock’s 50 day moving average is $238.51 and its 200-day moving average is $273.89.

Gartner (NYSE:IT) last posted its earnings results on Tuesday, November 4th. The information technology services provider reported $2.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.41 by $0.35. The firm had revenue of $1.52 billion during the quarter, compared to analyst estimates 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. Sell-side analysts expect that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Insider Transactions at Gartner

In other Gartner news, Director Stephen G. Pagliuca bought 43,300 shares of Gartner stock in a transaction dated Wednesday, December 10th. The stock was bought 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 directly owned 111,613 shares in the company, valued at approximately $25,622,996.41. The trade was a 63.38% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP John J. Rinello sold 220 shares of the stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $229.57, for a total value of $50,505.40. Following the sale, the senior vice president directly owned 3,046 shares of the company’s stock, valued at $699,270.22. The trade was a 6.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 2.30% of the company’s stock.

About Gartner

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.