Aberdeen Group plc Grows Stock Holdings in Gartner, Inc. $IT

Aberdeen Group plc boosted its holdings in Gartner, Inc. (NYSE:ITFree Report) by 9.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 72,742 shares of the information technology services provider’s stock after buying an additional 6,084 shares during the quarter. Aberdeen Group plc owned approximately 0.10% of Gartner worth $19,060,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of IT. Vanguard Group Inc. increased its holdings in shares of Gartner by 1.5% in the 2nd 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 acquiring an additional 138,834 shares during the last quarter. State Street Corp increased its stake in Gartner by 2.9% in 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 purchasing an additional 96,172 shares during the last quarter. Geode Capital Management LLC raised its holdings in Gartner by 4.1% during the second quarter. Geode Capital Management LLC now owns 2,258,233 shares of the information technology services provider’s stock worth $910,481,000 after purchasing an additional 89,877 shares in the last quarter. Sustainable Growth Advisers LP lifted its position in shares of Gartner by 71.7% during the 2nd quarter. Sustainable Growth Advisers LP now owns 1,161,513 shares of the information technology services provider’s stock worth $469,507,000 after buying an additional 485,188 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Gartner in the 2nd quarter valued at $394,133,000. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft set a $204.00 price objective on Gartner in a report on Wednesday, February 4th. Robert W. Baird set a $240.00 price target on Gartner in a research note on Wednesday, February 4th. Wells Fargo & Company cut their price target on Gartner from $218.00 to $150.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 4th. Truist Financial reduced their price objective on Gartner from $300.00 to $170.00 and set a “buy” rating for the company in a research note on Friday, February 6th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Gartner in a research report on Thursday, January 22nd. Four equities 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. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $190.70.

Get Our Latest Research Report on IT

Insider Transactions at Gartner

In related news, EVP Claire Herkes sold 367 shares of Gartner stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $231.56, for a total value of $84,982.52. Following the sale, the executive vice president directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Stephen G. Pagliuca acquired 43,300 shares of the business’s stock in a transaction on Wednesday, December 10th. The stock was acquired at an average price of $229.57 per share, with a total value of $9,940,381.00. Following the transaction, the director directly owned 111,613 shares of the company’s stock, valued at $25,622,996.41. This represents a 63.38% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 2.30% of the company’s stock.

Key Headlines Impacting Gartner

Here are the key news stories impacting Gartner this week:

Gartner Trading Up 3.3%

Shares of IT stock opened at $161.38 on Thursday. Gartner, Inc. has a twelve month low of $139.18 and a twelve month high of $517.06. 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 business’s 50 day moving average is $219.70 and its two-hundred day moving average is $234.93. The company has a market capitalization of $11.63 billion, a P/E ratio of 16.72 and a beta of 1.06.

Gartner (NYSE:ITGet Free Report) last posted its quarterly earnings data on Tuesday, February 3rd. The information technology services provider reported $3.94 earnings per share 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 analyst estimates of $1.75 billion. Gartner had a net margin of 11.22% and a return on equity of 102.20%. Gartner’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period last year, the firm posted $5.45 EPS. Gartner has set its FY 2026 guidance at 12.300- EPS. Equities analysts forecast that Gartner, Inc. will post 12.5 EPS for the current year.

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.

See Also

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Institutional Ownership by Quarter for Gartner (NYSE:IT)

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