Gartner, Inc. $IT Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. trimmed its stake in shares of Gartner, Inc. (NYSE:IT) by 38.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 124,143 shares of the information technology services provider’s stock after selling 78,268 shares during the quarter. Envestnet Asset Management Inc. owned about 0.16% of Gartner worth $32,633,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in Gartner by 1.5% during the second quarter. Vanguard Group Inc. now owns 9,572,283 shares of the information technology services provider’s stock valued at $3,869,308,000 after purchasing an additional 138,834 shares during the last quarter. State Street Corp grew its holdings in shares of Gartner by 2.9% during the second quarter. State Street Corp now owns 3,413,397 shares of the information technology services provider’s stock valued at $1,379,763,000 after buying an additional 96,172 shares in the last quarter. Geode Capital Management LLC boosted its position in Gartner by 4.1% during the 2nd quarter. Geode Capital Management LLC now owns 2,258,233 shares of the information technology services provider’s stock worth $910,481,000 after acquiring an additional 89,877 shares during the period. Sustainable Growth Advisers LP grew its position in Gartner by 71.7% during the second quarter. Sustainable Growth Advisers LP now owns 1,161,513 shares of the information technology services provider’s stock valued at $469,507,000 after purchasing an additional 485,188 shares in the last quarter. Finally, Norges Bank acquired a new position in Gartner in the 2nd quarter valued at approximately $394,133,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

Gartner Trading Up 0.8%

Shares of IT stock opened at $161.24 on Thursday. Gartner, Inc. has a 12 month low of $139.18 and a 12 month high of $519.37. The company has a market cap of $11.62 billion, a PE ratio of 16.71 and a beta of 1.06. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 4.42. The business’s 50 day moving average is $226.91 and its two-hundred day moving average is $241.40.

Gartner (NYSE:IT) last posted its quarterly earnings data on Tuesday, February 3rd. The information technology services provider reported $3.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.50 by $0.44. The business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.75 billion. Gartner had a net margin of 11.22% and a return on equity of 83.48%. Gartner’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.45 EPS. Gartner has set its FY 2026 guidance at 12.300- EPS. Equities analysts predict that Gartner, Inc. will post 12.5 EPS for the current year.

Insider Buying and Selling

In other Gartner news, Director Stephen G. Pagliuca bought 43,300 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The stock was purchased at an average price 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 trade represents a 63.38% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Claire Herkes sold 367 shares of the business’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $231.56, for a total transaction of $84,982.52. Following the transaction, the executive vice president directly owned 4,074 shares in the company, valued at $943,375.44. This trade represents a 8.26% decrease in their position. The disclosure for this sale is available in the SEC filing. 2.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

IT has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft set a $204.00 price target on shares of Gartner in a report on Wednesday, February 4th. Wells Fargo & Company lowered their target price on Gartner from $218.00 to $150.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 4th. Morgan Stanley dropped their target price on Gartner from $275.00 to $200.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 4th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Gartner in a report on Thursday, January 22nd. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $220.00 price target on shares of Gartner in a research note on Thursday, February 5th. Four equities 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. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $190.70.

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.