J. Safra Sarasin Holding AG Acquires 4,535 Shares of Gartner, Inc. $IT

J. Safra Sarasin Holding AG boosted its holdings in Gartner, Inc. (NYSE:IT) by 646.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,236 shares of the information technology services provider’s stock after acquiring an additional 4,535 shares during the period. J. Safra Sarasin Holding AG’s holdings in Gartner were worth $1,376,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Aviva PLC raised its position in shares of Gartner by 6.1% in the second quarter. Aviva PLC now owns 58,559 shares of the information technology services provider’s stock valued at $23,671,000 after buying an additional 3,390 shares in the last quarter. Highland Capital Management LLC acquired a new stake in Gartner during the third quarter worth approximately $1,502,000. Buttonwood Financial Advisors Inc. bought a new position in Gartner during the 3rd quarter worth $1,581,000. State of Michigan Retirement System raised its holdings in Gartner by 10.1% in the 2nd quarter. State of Michigan Retirement System now owns 22,947 shares of the information technology services provider’s stock valued at $9,276,000 after acquiring an additional 2,100 shares in the last quarter. Finally, Edgestream Partners L.P. raised its holdings in Gartner by 774.5% in the 2nd quarter. Edgestream Partners L.P. now owns 22,080 shares of the information technology services provider’s stock valued at $8,925,000 after acquiring an additional 19,555 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insiders Place Their Bets

In other Gartner news, EVP Claire Herkes sold 367 shares of the business’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $231.56, for a total transaction of $84,982.52. Following the sale, the executive vice president owned 4,074 shares of the company’s stock, valued at approximately $943,375.44. The trade was a 8.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Stephen G. Pagliuca purchased 43,300 shares of the company’s stock in a transaction dated Wednesday, December 10th. The stock was purchased at an average price of $229.57 per share, with a total value of $9,940,381.00. Following the completion of the purchase, the director directly owned 111,613 shares in the company, valued at $25,622,996.41. The trade was a 63.38% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 3.60% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on IT shares. Morgan Stanley reduced their target price on Gartner from $281.00 to $275.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 17th. BMO Capital Markets reduced their price objective 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. Barclays decreased their target price on shares of Gartner from $270.00 to $260.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 5th. William Blair reaffirmed an “outperform” rating on shares of Gartner in a report on Tuesday, October 21st. Finally, Wells Fargo & Company reduced their price target on shares of Gartner from $231.00 to $218.00 and set an “underweight” rating on the stock in a research report on Wednesday, November 5th. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $309.67.

Gartner Stock Down 2.6%

Shares of NYSE IT opened at $225.88 on Thursday. The company has a market cap of $16.28 billion, a price-to-earnings ratio of 19.81 and a beta of 1.07. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 4.42. Gartner, Inc. has a 12 month low of $221.16 and a 12 month high of $584.01. The stock has a 50-day moving average price of $238.50 and a two-hundred day moving average price of $254.43.

Gartner (NYSE:IT) last posted its quarterly earnings results on Tuesday, November 4th. The information technology services provider reported $2.76 earnings per share for the quarter, beating analysts’ consensus estimates of $2.41 by $0.35. The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.52 billion. Gartner had a net margin of 13.71% and a return on equity of 92.12%. Gartner has set its FY 2025 guidance at 12.650- EPS. As a group, analysts forecast that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Gartner Profile

Gartner, Inc is a global research and advisory firm that provides insights, advice and tools for leaders in IT, finance, HR, customer service and other business functions. Founded in 1979 and headquartered in Stamford, Connecticut, Gartner specializes in helping organizations make informed decisions about technology, operations and strategy through a combination of published research, advisory services, consulting, executive programs and events.

The company’s offerings include proprietary research reports, market forecasts, and analytical frameworks that are widely used by technology buyers and vendors.