Strategic Blueprint LLC Purchases New Shares in Gartner, Inc. $IT

Strategic Blueprint LLC purchased a new stake in shares of Gartner, Inc. (NYSE:IT) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,184 shares of the information technology services provider’s stock, valued at approximately $479,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IT. Brighton Jones LLC acquired a new stake in Gartner during the fourth quarter valued at $309,000. Bartlett & CO. Wealth Management LLC grew its position in Gartner by 57.5% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 167 shares of the information technology services provider’s stock valued at $70,000 after buying an additional 61 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in Gartner by 16.0% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,375 shares of the information technology services provider’s stock valued at $3,921,000 after buying an additional 1,293 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its position in Gartner by 1.0% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 183,632 shares of the information technology services provider’s stock valued at $77,078,000 after buying an additional 1,750 shares during the period. Finally, KBC Group NV grew its position in Gartner by 138.8% during the first quarter. KBC Group NV now owns 36,073 shares of the information technology services provider’s stock valued at $15,141,000 after buying an additional 20,964 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on IT. Weiss Ratings lowered shares of Gartner from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Saturday. Royal Bank Of Canada initiated coverage on shares of Gartner in a research report on Tuesday, September 9th. They set a “sector perform” rating and a $263.00 price target on the stock. Wolfe Research initiated coverage on shares of Gartner in a research report on Wednesday, September 3rd. They issued a “peer perform” rating on the stock. BMO Capital Markets dropped their target price on shares of Gartner from $409.00 to $272.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 6th. Finally, 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 target price on the stock. Four equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $346.20.

Insider Transactions at Gartner

In related 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 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Jose M. Gutierrez purchased 417 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were acquired at an average price of $239.80 per share, for a total transaction 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 position. The disclosure for this purchase can be found here. Insiders own 3.60% of the company’s stock.

Gartner Stock Down 0.2%

Shares of NYSE IT opened at $250.40 on Monday. The company’s 50-day simple moving average is $248.73 and its 200-day simple moving average is $339.59. Gartner, Inc. has a 52-week low of $223.65 and a 52-week high of $584.01. The firm has a market cap of $18.97 billion, a price-to-earnings ratio of 15.41 and a beta of 1.20. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.61.

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

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.