Gartner, Inc. $IT Shares Sold by Ilmarinen Mutual Pension Insurance Co

Ilmarinen Mutual Pension Insurance Co decreased its holdings in Gartner, Inc. (NYSE:IT) by 16.7% in the 1st quarter, Holdings Channel reports. The institutional investor owned 12,500 shares of the information technology services provider’s stock after selling 2,500 shares during the period. Ilmarinen Mutual Pension Insurance Co’s holdings in Gartner were worth $5,247,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Olde Wealth Management LLC acquired a new stake in shares of Gartner in the first quarter worth approximately $42,000. GW&K Investment Management LLC increased its position in Gartner by 210.8% during the first quarter. GW&K Investment Management LLC now owns 115 shares of the information technology services provider’s stock worth $48,000 after purchasing an additional 78 shares during the last quarter. Wayfinding Financial LLC purchased a new position in Gartner during the first quarter worth approximately $55,000. Bayforest Capital Ltd raised its stake in Gartner by 527.3% during the first quarter. Bayforest Capital Ltd now owns 138 shares of the information technology services provider’s stock worth $58,000 after purchasing an additional 116 shares during the period. Finally, WPG Advisers LLC acquired a new position in shares of Gartner in the 1st quarter valued at $69,000. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Gartner Trading Down 5.4%

NYSE:IT opened at $232.90 on Thursday. The business’s 50-day moving average is $298.58 and its two-hundred day moving average is $383.89. The firm has a market capitalization of $17.64 billion, a PE ratio of 14.33 and a beta of 1.20. Gartner, Inc. has a 12 month low of $223.65 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.

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

Wall Street Analysts Forecast Growth

IT has been the subject of a number of research analyst reports. Wells Fargo & Company dropped their price objective on Gartner from $345.00 to $225.00 and set an “underweight” rating for the company in a report on Wednesday, August 6th. Royal Bank Of Canada initiated coverage on Gartner in a research report on Tuesday. They set a “sector perform” rating and a $263.00 price target for the company. Morgan Stanley dropped their price target on Gartner from $455.00 to $322.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 6th. Barclays reduced their price objective on Gartner from $475.00 to $320.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 6th. Finally, The Goldman Sachs Group decreased their target price on Gartner from $535.00 to $457.00 and set a “buy” rating for the company in a report on Wednesday, August 6th. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $357.44.

Insider Activity at Gartner

In other news, Director Jose M. Gutierrez acquired 417 shares of the stock in a transaction on Monday, August 18th. The stock was bought at an average price of $239.80 per share, with a total value of $99,996.60. Following the completion of the transaction, the director directly owned 2,080 shares of the company’s stock, valued at $498,784. The trade was a 25.08% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP John J. Rinello sold 105 shares of the business’s stock in a transaction on Friday, August 22nd. The stock was 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 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 can be found here. 2.30% of the stock is owned by company insiders.

Gartner Company 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.