Paralel Advisors LLC Invests $1.90 Million in Gartner, Inc. $IT

Paralel Advisors LLC bought a new position in shares of Gartner, Inc. (NYSE:IT) during the 2nd quarter, HoldingsChannel reports. The firm bought 14,619 shares of the information technology services provider’s stock, valued at approximately $1,895,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Angeles Wealth Management LLC raised its stake in Gartner by 47.4% in the second quarter. Angeles Wealth Management LLC now owns 2,020 shares of the information technology services provider’s stock valued at $262,000 after buying an additional 650 shares during the last quarter. AlphaGrep UK Ltd acquired a new stake in Gartner in the second quarter worth about $707,000. Syon Capital LLC grew its stake in shares of Gartner by 5.3% during the second quarter. Syon Capital LLC now owns 1,623 shares of the information technology services provider’s stock worth $210,000 after acquiring an additional 82 shares during the last quarter. NEOS Investment Management LLC grew its stake in shares of Gartner by 5.7% during the second quarter. NEOS Investment Management LLC now owns 10,390 shares of the information technology services provider’s stock worth $1,347,000 after acquiring an additional 560 shares during the last quarter. Finally, Nykredit A S acquired a new position in shares of Gartner during the second quarter valued at about $292,000. 91.51% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Gartner

In related news, EVP Robin B. Kranich sold 3,278 shares of the business’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $196.50, for a total transaction of $644,127.00. Following the completion of the transaction, the executive vice president directly owned 20,358 shares in the company, valued at $4,000,347. The trade was a 13.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Akhil Jain sold 700 shares of the company’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $201.73, for a total transaction of $141,211.00. Following the completion of the sale, the executive vice president directly owned 8,130 shares in the company, valued at approximately $1,640,064.90. The trade was a 7.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 6,043 shares of company stock valued at $1,172,858. 2.60% of the stock is currently owned by insiders.

Gartner Trading Down 0.1%

Shares of NYSE:IT opened at $186.19 on Monday. Gartner, Inc. has a 52-week low of $124.25 and a 52-week high of $265.85. The stock has a market cap of $11.76 billion, a price-to-earnings ratio of 16.70, a PEG ratio of 0.65 and a beta of 0.96. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 46.98. The business has a 50-day moving average price of $163.98 and a 200-day moving average price of $157.40.

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

Analyst Ratings Changes

Several brokerages recently commented on IT. Morgan Stanley set a $177.00 price objective on shares of Gartner in a research report on Wednesday, August 5th. Truist Financial set a $205.00 price target on shares of Gartner in a research note on Wednesday, August 5th. Wells Fargo & Company upped their price target on shares of Gartner from $120.00 to $150.00 and gave the company an “underweight” rating in a research note on Wednesday, August 5th. BMO Capital Markets decreased their price target on shares of Gartner from $214.00 to $206.00 and set a “market perform” rating for the company in a report on Tuesday, August 18th. Finally, UBS Group lifted their price objective on shares of Gartner from $164.00 to $196.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $187.30.

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.