ABN Amro Investment Solutions Purchases 3,234 Shares of Gartner, Inc. $IT

ABN Amro Investment Solutions raised its holdings in shares of Gartner, Inc. (NYSE:IT) by 45.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,332 shares of the information technology services provider’s stock after buying an additional 3,234 shares during the period. ABN Amro Investment Solutions’ holdings in Gartner were worth $2,716,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Norges Bank bought a new stake in shares of Gartner during the 2nd quarter worth approximately $394,133,000. AQR Capital Management LLC increased its stake in Gartner by 304.5% in the second quarter. AQR Capital Management LLC now owns 660,186 shares of the information technology services provider’s stock worth $266,860,000 after purchasing an additional 496,957 shares during the period. Sustainable Growth Advisers LP lifted its position in shares of 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 worth $469,507,000 after purchasing an additional 485,188 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of Gartner by 150.6% during the third quarter. Pacer Advisors Inc. now owns 712,252 shares of the information technology services provider’s stock valued at $187,230,000 after purchasing an additional 428,089 shares during the period. Finally, Qube Research & Technologies Ltd boosted its stake in shares of Gartner by 98.6% during the second quarter. Qube Research & Technologies Ltd now owns 682,062 shares of the information technology services provider’s stock valued at $275,703,000 after purchasing an additional 338,615 shares during the period. Institutional investors own 91.51% of the company’s stock.

Gartner Trading Up 3.3%

NYSE:IT opened at $158.63 on Monday. The firm has a 50-day simple moving average of $223.92 and a 200-day simple moving average of $237.93. Gartner, Inc. has a one year low of $139.18 and a one year high of $519.37. The firm has a market cap of $11.43 billion, a P/E ratio of 16.44 and a beta of 1.06. The company has a debt-to-equity ratio of 9.30, a quick ratio of 1.00 and a current ratio of 1.00.

Gartner (NYSE:IT) last released its quarterly earnings data on Tuesday, February 3rd. The information technology services provider reported $3.94 earnings per share (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 the consensus estimate 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 period last year, the firm earned $5.45 earnings per share. Gartner has set its FY 2026 guidance at 12.300- EPS. Equities analysts anticipate that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently commented on IT shares. Morgan Stanley reduced their price target on shares of Gartner from $275.00 to $200.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 4th. Royal Bank Of Canada set a $175.00 target price on shares of Gartner in a research note on Wednesday, February 4th. UBS Group set a $180.00 price target on shares of Gartner in a research note on Wednesday, February 4th. Wells Fargo & Company lowered their price target on Gartner from $218.00 to $150.00 and set an “underweight” rating for the company in a report on Wednesday, February 4th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $220.00 price objective on shares of Gartner in a research note on Thursday, February 5th. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $190.70.

Insider Activity

In related news, Director Stephen G. Pagliuca purchased 43,300 shares of Gartner stock in a transaction dated Wednesday, December 10th. The stock was purchased at an average cost of $229.57 per share, with a total value of $9,940,381.00. Following the transaction, the director 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP John J. Rinello sold 220 shares of the firm’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 sale, the senior vice president directly owned 3,046 shares in the company, valued at approximately $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. Company insiders own 3.60% of the company’s stock.

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.