30,482 Gartner, Inc. $IT Shares Sold by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC reduced its holdings in Gartner, Inc. (NYSE:IT) by 16.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 156,262 shares of the information technology services provider’s stock after selling 30,482 shares during the period. Douglas Lane & Associates LLC owned approximately 0.25% of Gartner worth $29,149,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in IT. Elevation Wealth Partners LLC bought a new position in shares of Gartner in the 3rd quarter valued at about $30,000. Bell Investment Advisors Inc raised its position in Gartner by 75.5% during the first quarter. Bell Investment Advisors Inc now owns 172 shares of the information technology services provider’s stock valued at $27,000 after purchasing an additional 74 shares during the period. Cassaday & Co Wealth Management LLC purchased a new stake in Gartner during the first quarter valued at approximately $34,000. Basecamp Wealth Advisors LLC lifted its stake in shares of Gartner by 107.0% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 236 shares of the information technology services provider’s stock valued at $37,000 after purchasing an additional 122 shares during the last quarter. Finally, CX Institutional lifted its stake in shares of Gartner by 109.2% in the 3rd quarter. CX Institutional now owns 274 shares of the information technology services provider’s stock valued at $51,000 after purchasing an additional 143 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

IT has been the topic of several analyst reports. Zacks Research downgraded Gartner from a “strong-buy” rating to a “hold” rating in a research report on Monday. Royal Bank Of Canada lifted their price objective on shares of Gartner from $160.00 to $164.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 5th. UBS Group boosted their price objective on shares of Gartner from $196.00 to $208.00 and gave the company a “neutral” rating in a research report on Monday. The Goldman Sachs Group increased their target price on shares of Gartner from $162.00 to $181.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Finally, Morgan Stanley lifted their price target on shares of Gartner from $177.00 to $182.00 and gave the stock an “equal weight” rating in a research note on Thursday. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $189.00.

Insider Activity at Gartner

In other Gartner news, EVP Robin Kranich sold 3,278 shares of the business’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $196.50, for a total value of $644,127.00. Following the completion of the sale, the executive vice president directly owned 20,358 shares of the company’s stock, valued at $4,000,347. The trade was a 13.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Yvonne Genovese sold 1,205 shares of the company’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $190.06, for a total transaction of $229,022.30. Following the completion of the transaction, the executive vice president owned 6,208 shares in the company, valued at $1,179,892.48. This represents a 16.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 6,043 shares of company stock worth $1,172,858. Corporate insiders own 2.60% of the company’s stock.

Gartner Trading Down 2.0%

IT stock traded down $3.94 during midday trading on Friday, reaching $191.47. The company’s stock had a trading volume of 245,390 shares, compared to its average volume of 1,475,300. Gartner, Inc. has a 1 year low of $124.25 and a 1 year high of $261.10. The firm has a market capitalization of $12.09 billion, a price-to-earnings ratio of 17.17, a PEG ratio of 0.70 and a beta of 0.98. The stock has a fifty day simple moving average of $185.83 and a two-hundred day simple moving average of $161.67. The company has a debt-to-equity ratio of 46.98, a quick ratio of 0.88 and a current ratio of 0.88.

Gartner (NYSE:IT) last issued its earnings results on Tuesday, August 4th. The information technology services provider reported $4.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.76 by $0.61. The firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.65 billion. Gartner had a net margin of 11.99% and a return on equity of 525.46%. The business’s revenue was down .6% on a year-over-year basis. During the same period in the previous year, the firm earned $3.53 earnings per share. Gartner has set its FY 2026 guidance at 14.000- EPS. On average, equities research analysts predict that Gartner, Inc. will post 14.39 EPS for the current year.

About Gartner

Gartner, Inc is a global research and advisory firm that provides business leaders with insights, analysis and guidance on technology, digital transformation and related business strategies. The company serves organizations across industries, including corporations, government agencies and technology providers.

Gartner’s offerings include subscription-based research, consulting services, benchmarking and measurement tools, executive programs, and conferences and other events. Its research covers areas such as information technology, cybersecurity, cloud computing, artificial intelligence, data and analytics, human resources, finance, supply chains and customer experience.

Founded in 1979 by Gideon Gartner, the company has expanded its operations internationally and serves clients across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.