Atria Investments Inc Sells 6,938 Shares of Gartner, Inc. $IT

Atria Investments Inc reduced its stake in shares of Gartner, Inc. (NYSE:ITFree Report) by 52.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,248 shares of the information technology services provider’s stock after selling 6,938 shares during the quarter. Atria Investments Inc’s holdings in Gartner were worth $1,642,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC purchased a new stake in Gartner in the fourth quarter worth about $309,000. Sivia Capital Partners LLC bought a new position in shares of Gartner in the 2nd quarter worth approximately $336,000. Nordea Investment Management AB lifted its stake in shares of Gartner by 9.2% in the 2nd quarter. Nordea Investment Management AB now owns 7,134 shares of the information technology services provider’s stock valued at $2,880,000 after purchasing an additional 600 shares during the period. Stratos Wealth Partners LTD. boosted its position in shares of Gartner by 43.9% during the second quarter. Stratos Wealth Partners LTD. now owns 2,239 shares of the information technology services provider’s stock valued at $905,000 after purchasing an additional 683 shares in the last quarter. Finally, Stephens Inc. AR grew its stake in Gartner by 44.4% in the second quarter. Stephens Inc. AR now owns 2,141 shares of the information technology services provider’s stock worth $865,000 after purchasing an additional 658 shares during the period. 91.51% of the stock is currently owned by institutional investors.

Gartner Stock Performance

Shares of IT stock opened at $161.38 on Thursday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 9.30. The company has a 50 day moving average price of $219.70 and a 200-day moving average price of $234.93. Gartner, Inc. has a 52 week low of $139.18 and a 52 week high of $517.06. The firm has a market capitalization of $11.63 billion, a PE ratio of 16.72 and a beta of 1.06.

Gartner (NYSE:ITGet Free Report) last issued its earnings results 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 company 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 firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the company posted $5.45 earnings per share. Gartner has set its FY 2026 guidance at 12.300- EPS. As a group, equities research analysts expect that Gartner, Inc. will post 12.5 earnings per share for the current year.

Key Stories Impacting Gartner

Here are the key news stories impacting Gartner this week:

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on IT shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of Gartner in a research note on Thursday, January 22nd. UBS Group set a $180.00 price target on Gartner in a research report on Wednesday, February 4th. Wells Fargo & Company reduced 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. Truist Financial dropped their price target on shares of Gartner from $300.00 to $170.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. Finally, Deutsche Bank Aktiengesellschaft set a $204.00 price objective on shares of Gartner in a research note on Wednesday, February 4th. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $190.70.

Read Our Latest Analysis on IT

Insiders Place Their Bets

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 shares were sold at an average price of $229.57, for a total transaction of $50,505.40. Following the completion of the sale, the senior vice president directly owned 3,046 shares of the company’s stock, valued at approximately $699,270.22. This represents a 6.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Claire Herkes sold 367 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive vice president owned 4,074 shares in the company, valued at $943,375.44. The trade was a 8.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 2.30% of the company’s stock.

Gartner Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Gartner (NYSE:IT)

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