Gartner, Inc. $IT Shares Bought by Arkadios Wealth Advisors

Arkadios Wealth Advisors increased its stake in shares of Gartner, Inc. (NYSE:IT) by 55.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,487 shares of the information technology services provider’s stock after acquiring an additional 2,316 shares during the period. Arkadios Wealth Advisors’ holdings in Gartner were worth $1,705,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Aviva PLC grew its stake in Gartner by 6.1% in the 2nd quarter. Aviva PLC now owns 58,559 shares of the information technology services provider’s stock worth $23,671,000 after acquiring an additional 3,390 shares during the period. Highland Capital Management LLC acquired a new stake in shares of Gartner during the third quarter worth $1,502,000. Buttonwood Financial Advisors Inc. purchased a new stake in shares of Gartner in the third quarter valued at $1,581,000. State of Michigan Retirement System grew its position in shares of Gartner by 10.1% in the second quarter. State of Michigan Retirement System now owns 22,947 shares of the information technology services provider’s stock valued at $9,276,000 after purchasing an additional 2,100 shares during the period. Finally, Edgestream Partners L.P. increased its stake 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 valued at $8,925,000 after purchasing an additional 19,555 shares during the last quarter. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Gartner Price Performance

IT opened at $236.93 on Friday. The company has a market capitalization of $17.08 billion, a P/E ratio of 20.78 and a beta of 1.07. The company has a 50-day moving average of $238.18 and a 200-day moving average of $259.79. 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 $221.16 and a 1-year high of $584.01.

Gartner (NYSE:IT) last issued its quarterly earnings results on Tuesday, November 4th. The information technology services provider reported $2.76 earnings per share 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 during the quarter, compared to the consensus estimate of $1.52 billion. Gartner has set its FY 2025 guidance at 12.650- EPS. Equities analysts expect that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Insider Buying and Selling

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 completion of the transaction, the senior vice president 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 available at this link. Also, Director Stephen G. Pagliuca bought 43,300 shares of the business’s stock in a transaction on Wednesday, December 10th. The shares were acquired at an average cost of $229.57 per share, for a total transaction of $9,940,381.00. Following the purchase, the director directly owned 111,613 shares in the company, valued at $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. Corporate insiders own 2.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on IT. Morgan Stanley dropped their price target on shares of Gartner from $281.00 to $275.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 17th. The Goldman Sachs Group lowered their price objective on shares of Gartner from $457.00 to $390.00 and set a “buy” rating for the company in a research note on Wednesday, November 5th. Weiss Ratings downgraded Gartner from a “hold (c-)” rating to a “sell (d+)” rating in a report on Saturday, October 25th. BMO Capital Markets cut their target price on Gartner from $272.00 to $254.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 5th. Finally, Barclays lowered their price target on Gartner from $270.00 to $260.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 5th. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Gartner has an average rating of “Hold” and a consensus target price of $309.67.

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.