Robeco Institutional Asset Management B.V. Sells 7,958 Shares of Gartner, Inc. $IT

Robeco Institutional Asset Management B.V. lowered its stake in Gartner, Inc. (NYSE:IT) by 52.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,359 shares of the information technology services provider’s stock after selling 7,958 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Gartner were worth $1,934,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC purchased a new position in shares of Gartner in the 4th quarter worth $309,000. Bayforest Capital Ltd lifted its holdings in Gartner by 527.3% in the first quarter. Bayforest Capital Ltd now owns 138 shares of the information technology services provider’s stock valued at $58,000 after acquiring an additional 116 shares during the period. First Hawaiian Bank boosted its position in Gartner by 19.1% in the first quarter. First Hawaiian Bank now owns 2,572 shares of the information technology services provider’s stock worth $1,080,000 after purchasing an additional 413 shares during the last quarter. AG2R LA Mondiale Gestion D Actifs bought a new stake in shares of Gartner during the 1st quarter valued at about $1,347,000. Finally, Kera Capital Partners Inc. purchased a new stake in shares of Gartner during the 2nd quarter valued at about $236,000. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Gartner news, SVP John J. Rinello sold 220 shares of the company’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 transaction, the senior vice president directly owned 3,046 shares in the company, valued at $699,270.22. This represents a 6.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Claire Herkes sold 367 shares of the stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $231.56, for a total transaction of $84,982.52. Following the sale, the executive vice president directly owned 4,074 shares of the company’s stock, valued at approximately $943,375.44. This trade represents a 8.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 3.60% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. BMO Capital Markets dropped their price objective on shares of Gartner from $272.00 to $254.00 and set a “market perform” rating on the stock in a report on Wednesday, November 5th. Barclays dropped their price target 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. 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. Truist Financial set a $300.00 target price on Gartner in a report on Wednesday, November 26th. Finally, Wells Fargo & Company cut their price target on Gartner from $231.00 to $218.00 and set an “underweight” rating for the company in a report on Wednesday, November 5th. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Gartner presently has a consensus rating of “Hold” and an average target price of $309.67.

Gartner Stock Up 0.4%

IT opened at $247.89 on Monday. The stock has a market cap of $17.87 billion, a price-to-earnings ratio of 21.75 and a beta of 1.07. The company has a debt-to-equity ratio of 4.42, a quick ratio of 0.88 and a current ratio of 0.88. The firm’s fifty day moving average is $237.90 and its 200 day moving average is $268.47. Gartner, Inc. has a fifty-two week low of $222.54 and a fifty-two week high of $584.01.

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

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.