1,055 Shares in Gartner, Inc. $IT Acquired by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA acquired a new position in Gartner, Inc. (NYSE:IT) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,055 shares of the information technology services provider’s stock, valued at approximately $427,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Greenleaf Trust boosted its stake in Gartner by 6.4% during the 2nd quarter. Greenleaf Trust now owns 1,706 shares of the information technology services provider’s stock valued at $690,000 after purchasing an additional 102 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Gartner by 2.3% during the 2nd quarter. Janney Montgomery Scott LLC now owns 9,717 shares of the information technology services provider’s stock valued at $3,928,000 after acquiring an additional 217 shares during the last quarter. GC Wealth Management RIA LLC acquired a new stake in shares of Gartner during the 2nd quarter valued at $327,000. V Square Quantitative Management LLC lifted its position in shares of Gartner by 11.3% during the 2nd quarter. V Square Quantitative Management LLC now owns 2,014 shares of the information technology services provider’s stock valued at $814,000 after acquiring an additional 204 shares during the last quarter. Finally, Smith Salley Wealth Management lifted its position in shares of Gartner by 6.5% during the 2nd quarter. Smith Salley Wealth Management now owns 5,884 shares of the information technology services provider’s stock valued at $2,379,000 after acquiring an additional 360 shares during the last quarter. 91.51% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on IT shares. Wells Fargo & Company cut their price objective on Gartner from $345.00 to $225.00 and set an “underweight” rating for the company in a research report on Wednesday, August 6th. BMO Capital Markets reduced their target price on Gartner from $409.00 to $272.00 and set a “market perform” rating for the company in a report on Wednesday, August 6th. Wolfe Research assumed coverage on Gartner in a report on Wednesday, September 3rd. They issued a “peer perform” rating for the company. UBS Group restated a “neutral” rating and issued a $270.00 target price (down previously from $480.00) on shares of Gartner in a report on Wednesday, August 6th. Finally, Royal Bank Of Canada assumed coverage on Gartner in a report on Tuesday, September 9th. They issued a “sector perform” rating and a $263.00 target price for the company. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $357.44.

Insider Buying and Selling at Gartner

In other Gartner news, SVP John J. Rinello sold 105 shares of the stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $249.71, for a total transaction of $26,219.55. Following the transaction, the senior vice president directly owned 3,225 shares of the company’s stock, valued at $805,314.75. This represents a 3.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jose M. Gutierrez bought 417 shares of the stock in a transaction on Monday, August 18th. The shares were acquired at an average cost of $239.80 per share, for a total transaction of $99,996.60. Following the completion of the transaction, the director directly owned 2,080 shares of the company’s stock, valued at approximately $498,784. The trade was a 25.08% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 2.30% of the company’s stock.

Gartner Trading Down 4.7%

NYSE IT opened at $250.58 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 capitalization of $18.98 billion, a PE ratio of 15.42 and a beta of 1.20. Gartner, Inc. has a 1-year low of $223.65 and a 1-year high of $584.01. The firm’s fifty day simple moving average is $262.58 and its 200-day simple moving average is $360.51.

Gartner (NYSE:IT) last posted its earnings results on Tuesday, August 5th. The information technology services provider reported $3.53 EPS for the quarter, topping the consensus estimate of $3.38 by $0.15. The firm had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.68 billion. Gartner had a net margin of 19.71% and a return on equity of 82.63%. The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the business posted $3.22 earnings per share. Gartner has set its FY 2025 guidance at 11.750- EPS. As a group, sell-side analysts anticipate that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Gartner Profile

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.