14,619 Shares in Gartner, Inc. $IT Bought by Paralel Advisors LLC

Paralel Advisors LLC acquired a new position in Gartner, Inc. (NYSE:IT) in the second quarter, HoldingsChannel reports. The institutional investor acquired 14,619 shares of the information technology services provider’s stock, valued at approximately $1,895,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Physician Wealth Advisors Inc. lifted its position in shares of Gartner by 143.9% in the 4th quarter. Physician Wealth Advisors Inc. now owns 100 shares of the information technology services provider’s stock worth $25,000 after buying an additional 59 shares during the last quarter. DV Equities LLC acquired a new position in shares of Gartner in the 4th quarter valued at about $25,000. Rakuten Securities Inc. boosted its holdings in shares of Gartner by 1,980.0% in the 4th quarter. Rakuten Securities Inc. now owns 104 shares of the information technology services provider’s stock valued at $26,000 after buying an additional 99 shares during the period. Entrust Financial LLC bought a new stake in shares of Gartner during the 4th quarter valued at about $26,000. Finally, Elyxium Wealth LLC bought a new stake in shares of Gartner during the 4th quarter valued at about $28,000. Institutional investors own 91.51% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on IT shares. Royal Bank Of Canada raised their target price on shares of Gartner from $160.00 to $164.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 5th. Wells Fargo & Company upped their target price on Gartner from $120.00 to $150.00 and gave the company an “underweight” rating in a report on Wednesday, August 5th. The Goldman Sachs Group increased their price target on Gartner from $162.00 to $181.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Weiss Ratings upgraded Gartner from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, August 13th. Finally, Truist Financial set a $205.00 price target on Gartner in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Gartner presently has an average rating of “Hold” and an average price target of $187.30.

Insiders Place Their Bets

In related news, EVP Yvonne Genovese sold 1,205 shares of Gartner stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $190.06, for a total transaction of $229,022.30. Following the sale, the executive vice president directly owned 6,208 shares in the company, valued at $1,179,892.48. The trade was a 16.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Anne Sutherland Fuchs sold 860 shares of the company’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $184.30, for a total transaction of $158,498.00. Following the completion of the sale, the director directly owned 8,097 shares of the company’s stock, valued at $1,492,277.10. The trade was a 9.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 2.60% of the company’s stock.

Gartner Price Performance

Shares of NYSE:IT opened at $193.09 on Friday. The firm’s 50 day moving average is $150.59 and its two-hundred day moving average is $154.87. The firm has a market capitalization of $12.19 billion, a P/E ratio of 17.32, a PEG ratio of 0.64 and a beta of 0.94. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 46.98. Gartner, Inc. has a 52 week low of $124.25 and a 52 week high of $265.85.

Gartner (NYSE:IT) last issued its quarterly earnings data on Tuesday, August 4th. The information technology services provider reported $4.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.76 by $0.61. Gartner had a return on equity of 525.46% and a net margin of 11.99%.The business had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same period in the prior year, the company posted $3.53 EPS. The business’s revenue for the quarter was down .6% compared to the same quarter last year. Gartner has set its FY 2026 guidance at 14.000- EPS. Analysts anticipate that Gartner, Inc. will post 14.44 earnings per share for the current year.

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.