Gartner, Inc. $IT Shares Bought by Forsta AP Fonden

Forsta AP Fonden increased its holdings in Gartner, Inc. (NYSE:IT) by 14.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 32,000 shares of the information technology services provider’s stock after buying an additional 4,000 shares during the period. Forsta AP Fonden’s holdings in Gartner were worth $12,935,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of IT. TimesSquare Capital Management LLC boosted its stake in Gartner by 1.9% in the second quarter. TimesSquare Capital Management LLC now owns 221,884 shares of the information technology services provider’s stock valued at $89,690,000 after acquiring an additional 4,075 shares during the period. KBC Group NV lifted its holdings in shares of Gartner by 21.2% in the 2nd quarter. KBC Group NV now owns 43,711 shares of the information technology services provider’s stock worth $17,669,000 after purchasing an additional 7,638 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of Gartner by 47.7% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 104,718 shares of the information technology services provider’s stock worth $42,329,000 after purchasing an additional 33,830 shares during the last quarter. National Pension Service boosted its position in Gartner by 0.8% during the 2nd quarter. National Pension Service now owns 115,286 shares of the information technology services provider’s stock valued at $46,601,000 after purchasing an additional 859 shares during the period. Finally, Vise Technologies Inc. bought a new position in Gartner during the 2nd quarter worth $1,121,000. Institutional investors own 91.51% of the company’s stock.

Wall Street Analyst Weigh In

IT has been the topic of a number of recent research reports. The Goldman Sachs Group cut their target price on Gartner from $457.00 to $390.00 and set a “buy” rating on the stock in a research note on Wednesday, November 5th. Truist Financial initiated coverage on shares of Gartner in a research report on Thursday, October 16th. They issued a “buy” rating and a $300.00 price objective on the stock. Royal Bank Of Canada assumed coverage on shares of Gartner in a research report on Tuesday, September 9th. They issued a “sector perform” rating and a $263.00 target price for the company. BMO Capital Markets dropped their price target on shares of Gartner from $272.00 to $254.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 5th. Finally, UBS Group reduced their price objective on Gartner from $280.00 to $256.00 and set a “neutral” rating for the company in a research report on Wednesday, November 5th. Four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Gartner has a consensus rating of “Hold” and a consensus price target of $311.67.

Insider Buying and Selling at Gartner

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

Gartner Trading Down 0.6%

Gartner stock opened at $230.18 on Thursday. Gartner, Inc. has a 12-month low of $222.54 and a 12-month high of $584.01. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a market capitalization of $17.43 billion, a PE ratio of 14.16 and a beta of 1.19. The firm has a 50 day simple moving average of $246.99 and a 200-day simple moving average of $324.62.

Gartner (NYSE:IT) last announced its earnings results on Tuesday, November 4th. The information technology services provider reported $2.76 EPS for the quarter, topping the consensus estimate of $2.41 by $0.35. The firm had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.52 billion. Gartner had a return on equity of 82.63% and a net margin of 19.71%. Gartner has set its FY 2025 guidance at 12.650- EPS. As a group, equities research analysts expect that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

About Gartner

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.