Gartner, Inc. $IT Holdings Boosted by Lido Advisors LLC

Lido Advisors LLC boosted its holdings in Gartner, Inc. (NYSE:IT) by 40.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 51,476 shares of the information technology services provider’s stock after acquiring an additional 14,709 shares during the quarter. Lido Advisors LLC’s holdings in Gartner were worth $9,602,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Bamco Inc. NY bought a new stake in Gartner during the 2nd quarter valued at $985,243,000. BlackRock Inc. bought a new position in shares of Gartner in the second quarter valued at $676,246,000. Bank of America Corp DE acquired a new position in shares of Gartner during the second quarter valued at about $117,661,000. Madison Asset Management LLC acquired a new position in shares of Gartner during the second quarter valued at about $74,481,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Gartner during the second quarter valued at about $51,262,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insider Activity

In other news, EVP Akhil Jain sold 700 shares of the stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $201.73, for a total value of $141,211.00. Following the completion of the sale, the executive vice president owned 8,130 shares in the company, valued at $1,640,064.90. This represents a 7.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Robin Kranich sold 3,278 shares of the firm’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $196.50, for a total transaction of $644,127.00. Following the transaction, the executive vice president directly owned 20,358 shares in the company, valued at $4,000,347. The trade was a 13.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 2.60% of the company’s stock.

Gartner News Summary

These are some of the IT news items that stood out recently:

• Neutral Sentiment: Gartner’s forecast that AI will create 10.6 million jobs and eliminate 8.9 million by 2030 drew coverage across several outlets. This is a notable industry outlook, but not a direct update on Gartner’s financial performance. Article
• Neutral Sentiment: Announcements that ModelOp, Revenium, Fastly, D-Wave and ThreatBook received recognition in Gartner reports showcase the visibility of Gartner’s research. These are vendor announcements, however, and do not indicate new Gartner contracts or financial results. ModelOp announcement Revenium announcement Fastly announcement D-Wave announcement ThreatBook announcement
• Neutral Sentiment: Gartner also published its 2027 strategic technology trends for CIOs. The coverage reinforces its role as an industry analyst, but provides no specific information on sales, guidance or profitability. Article

Gartner Trading Down 1.2%

NYSE IT opened at $190.69 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 46.98. The business has a fifty day simple moving average of $197.05 and a 200 day simple moving average of $168.70. Gartner, Inc. has a 12 month low of $124.25 and a 12 month high of $256.89. The firm has a market capitalization of $12.04 billion, a P/E ratio of 12.68, a PEG ratio of 0.84 and a beta of 0.92.

Gartner (NYSE:IT) last posted its quarterly earnings data on Tuesday, November 3rd. The information technology services provider reported $3.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.84 by $0.75. The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.49 billion. Gartner had a net margin of 14.81% and a return on equity of 2,287.71%. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.76 EPS. On average, analysts predict that Gartner, Inc. will post 15.02 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on IT shares. Royal Bank Of Canada reissued a “sector perform” rating and set a $198.00 target price on shares of Gartner in a research report on Tuesday, October 20th. Morgan Stanley raised their price target on shares of Gartner from $182.00 to $192.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 4th. Truist Financial downgraded Gartner from a “buy” rating to a “hold” rating and cut their price target for the company from $235.00 to $210.00 in a research note on Wednesday, November 4th. Weiss Ratings raised Gartner from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $231.00 price objective on shares of Gartner in a research note on Wednesday, November 4th. Eight analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $206.20.

About Gartner

Gartner, Inc. is a global research and advisory company that provides business and technology leaders with insights to support decision-making. Its research covers areas such as information technology, digital transformation, cybersecurity, finance, human resources, and supply chain management. The company offers research subscriptions, advisory services, consulting, and conferences. Its research includes tools and analysis such as Magic Quadrants and Hype Cycles, which help organizations assess markets, technologies, and potential vendors.