Gartner, Inc. $IT Shares Acquired by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC lifted its stake in shares of Gartner, Inc. (NYSE:ITFree Report) by 1.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,729 shares of the information technology services provider’s stock after buying an additional 440 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Gartner were worth $16,463,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Applied Finance Capital Management LLC lifted its stake in shares of Gartner by 1.5% during the first quarter. Applied Finance Capital Management LLC now owns 1,945 shares of the information technology services provider’s stock worth $816,000 after buying an additional 29 shares during the period. Allworth Financial LP lifted its stake in shares of Gartner by 5.6% during the first quarter. Allworth Financial LP now owns 562 shares of the information technology services provider’s stock worth $235,000 after buying an additional 30 shares during the period. Sequoia Financial Advisors LLC lifted its stake in shares of Gartner by 1.8% during the second quarter. Sequoia Financial Advisors LLC now owns 1,725 shares of the information technology services provider’s stock worth $697,000 after buying an additional 31 shares during the period. Verdence Capital Advisors LLC raised its holdings in shares of Gartner by 2.6% during the second quarter. Verdence Capital Advisors LLC now owns 1,333 shares of the information technology services provider’s stock worth $539,000 after purchasing an additional 34 shares during the last quarter. Finally, Resonant Capital Advisors LLC raised its holdings in shares of Gartner by 1.6% during the first quarter. Resonant Capital Advisors LLC now owns 2,324 shares of the information technology services provider’s stock worth $975,000 after purchasing an additional 36 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Gartner

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

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on IT shares. Wolfe Research started coverage on shares of Gartner in a report on Wednesday, September 3rd. They set a “peer perform” rating for the company. Royal Bank Of Canada started coverage on shares of Gartner in a report on Tuesday, September 9th. They set a “sector perform” rating and a $263.00 target price for the company. The Goldman Sachs Group reduced their target price on shares of Gartner from $535.00 to $457.00 and set a “buy” rating for the company in a report on Wednesday, August 6th. Morgan Stanley set a $307.00 target price on shares of Gartner in a report on Monday, October 13th. Finally, UBS Group raised their target price on shares of Gartner from $270.00 to $280.00 and gave the stock a “neutral” rating in a report on Monday, October 6th. Four investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Gartner currently has an average rating of “Hold” and an average price target of $351.20.

Get Our Latest Report on Gartner

Gartner Stock Down 0.2%

IT opened at $235.63 on Friday. Gartner, Inc. has a fifty-two week low of $223.65 and a fifty-two week high of $584.01. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.11 and a current ratio of 1.11. The company has a fifty day moving average of $247.30 and a two-hundred day moving average of $344.70. The stock has a market capitalization of $17.85 billion, a price-to-earnings ratio of 14.50 and a beta of 1.20.

Gartner (NYSE:ITGet Free Report) last released its earnings results on Tuesday, August 5th. The information technology services provider reported $3.53 EPS for the quarter, topping analysts’ consensus estimates of $3.38 by $0.15. The business had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.68 billion. Gartner had a net margin of 19.71% and a return on equity of 82.63%. The company’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.22 earnings per share. Gartner has set its FY 2025 guidance at 11.750- EPS. On average, research analysts expect that Gartner, Inc. will post 12.5 earnings per share for the current year.

Gartner Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Gartner (NYSE:IT)

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