Westfield Capital Management Co. LP Buys 198,557 Shares of Gartner, Inc. $IT

Westfield Capital Management Co. LP increased its stake in shares of Gartner, Inc. (NYSE:IT) by 1,381.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 212,927 shares of the information technology services provider’s stock after acquiring an additional 198,557 shares during the period. Westfield Capital Management Co. LP owned about 0.28% of Gartner worth $86,069,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. grew its holdings in shares of Gartner by 692.2% during the first quarter. T. Rowe Price Investment Management Inc. now owns 1,066,732 shares of the information technology services provider’s stock worth $447,751,000 after buying an additional 932,077 shares in the last quarter. Sustainable Growth Advisers LP boosted its holdings 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 worth $469,507,000 after purchasing an additional 485,188 shares during the last quarter. Nuveen LLC acquired a new stake in Gartner in the 1st quarter valued at $128,318,000. JPMorgan Chase & Co. boosted its stake in shares of Gartner by 20.5% during the 1st quarter. JPMorgan Chase & Co. now owns 1,245,563 shares of the information technology services provider’s stock worth $522,813,000 after buying an additional 211,842 shares during the last quarter. Finally, Generation Investment Management LLP grew its holdings in shares of Gartner by 16.5% in the 1st quarter. Generation Investment Management LLP now owns 1,341,342 shares of the information technology services provider’s stock valued at $563,015,000 after acquiring an additional 189,514 shares in the last quarter. Institutional investors own 91.51% of the company’s stock.

Gartner Stock Performance

Shares of Gartner stock opened at $226.00 on Thursday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.61. The company has a market cap of $16.29 billion, a PE ratio of 14.03 and a beta of 1.19. The company has a 50 day moving average of $245.65 and a 200-day moving average of $317.87. Gartner, Inc. has a 1-year low of $222.54 and a 1-year high of $584.01.

Gartner (NYSE:IT) last announced its quarterly earnings data on Tuesday, November 4th. The information technology services provider reported $2.76 EPS for the quarter, beating the consensus estimate of $2.41 by $0.35. Gartner had a net margin of 19.71% and a return on equity of 82.63%. The business had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.52 billion. Gartner has set its FY 2025 guidance at 12.650- EPS. As a group, equities research analysts forecast that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Insider Transactions at Gartner

In related news, SVP John J. Rinello sold 105 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $249.71, for a total value of $26,219.55. Following the completion of the transaction, the senior vice president owned 3,225 shares of the company’s stock, valued at $805,314.75. This represents a 3.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on IT shares. William Blair reaffirmed an “outperform” rating on shares of Gartner in a research report on Tuesday, October 21st. Truist Financial started coverage on shares of Gartner in a research report on Thursday, October 16th. They set a “buy” rating and a $300.00 price target on the stock. Wells Fargo & Company lowered their price objective on shares of Gartner from $231.00 to $218.00 and set an “underweight” rating on the stock in a research note on Wednesday, November 5th. The Goldman Sachs Group cut their target price on shares of Gartner from $457.00 to $390.00 and set a “buy” rating for the company in a research note on Wednesday, November 5th. Finally, Morgan Stanley set a $307.00 target price on Gartner in a research note on Monday, October 13th. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $311.67.

About Gartner

Gartner, Inc operates as a research and advisory company in the United States, Canada, Europe, the Middle East, Africa, and internationally. It operates through three segments: Research, Conferences, and Consulting. The Research segment delivers its research primarily through a subscription service that include on-demand access to published research content, data and benchmarks, and direct access to a network of research experts.