Public Sector Pension Investment Board Sells 9,868 Shares of Gartner, Inc. $IT

Public Sector Pension Investment Board trimmed its stake in shares of Gartner, Inc. (NYSE:IT) by 52.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,812 shares of the information technology services provider’s stock after selling 9,868 shares during the quarter. Public Sector Pension Investment Board’s holdings in Gartner were worth $2,316,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Addison Advisors LLC purchased a new stake in shares of Gartner during the second quarter valued at approximately $27,000. True Wealth Design LLC raised its holdings in Gartner by 1,130.8% during the 3rd quarter. True Wealth Design LLC now owns 160 shares of the information technology services provider’s stock valued at $42,000 after buying an additional 147 shares during the last quarter. Chilton Capital Management LLC purchased a new stake in Gartner during the 2nd quarter valued at $47,000. Versant Capital Management Inc grew its holdings in Gartner by 1,284.6% in the 3rd quarter. Versant Capital Management Inc now owns 180 shares of the information technology services provider’s stock worth $47,000 after acquiring an additional 167 shares during the last quarter. Finally, Osterweis Capital Management Inc. purchased a new position in shares of Gartner in the second quarter valued at about $48,000. 91.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on IT. Robert W. Baird set a $240.00 price target on Gartner in a report on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft set a $204.00 target price on Gartner in a report on Wednesday, February 4th. The Goldman Sachs Group reiterated a “buy” rating and issued a $220.00 price target on shares of Gartner in a report on Thursday, February 5th. BMO Capital Markets restated a “market perform” rating on shares of Gartner in a report on Thursday, February 5th. Finally, Truist Financial dropped their target price on shares of Gartner from $300.00 to $170.00 and set a “buy” rating for the company in a research report on Friday, February 6th. Four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $190.70.

Insider Buying and Selling at Gartner

In other Gartner news, Director Stephen G. Pagliuca bought 43,300 shares of the stock in a transaction dated Wednesday, December 10th. The stock was purchased at an average cost of $229.57 per share, for a total transaction 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 trade represents a 63.38% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 sale, the senior vice president owned 3,046 shares in the company, valued at $699,270.22. The trade was a 6.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 3.60% of the company’s stock.

Gartner Price Performance

IT opened at $153.80 on Monday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 9.30. The company has a market cap of $10.84 billion, a price-to-earnings ratio of 15.94, a price-to-earnings-growth ratio of 1.54 and a beta of 1.06. The stock has a fifty day simple moving average of $216.59 and a two-hundred day simple moving average of $232.96. Gartner, Inc. has a 12-month low of $139.18 and a 12-month high of $507.79.

Gartner (NYSE:IT) last announced its earnings results on Tuesday, February 3rd. The information technology services provider reported $3.94 EPS for the quarter, beating analysts’ consensus estimates of $3.50 by $0.44. The firm had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.75 billion. Gartner had a net margin of 11.22% and a return on equity of 102.20%. The company’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $5.45 EPS. Gartner has set its FY 2026 guidance at 12.300- EPS. Research analysts predict that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Gartner 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.