Amundi Has $193.08 Million Stake in Gartner, Inc. $IT

Amundi grew its stake in shares of Gartner, Inc. (NYSE:IT) by 47.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 488,268 shares of the information technology services provider’s stock after buying an additional 157,978 shares during the period. Amundi’s holdings in Gartner were worth $193,081,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Addison Advisors LLC acquired a new stake in shares of Gartner in the 2nd quarter valued at approximately $27,000. Ransom Advisory Ltd bought a new stake in Gartner in the first quarter valued at approximately $29,000. Chilton Capital Management LLC bought a new stake in Gartner in the second quarter valued at approximately $47,000. Bayforest Capital Ltd raised its holdings in Gartner by 527.3% in 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 stake in Gartner in the first quarter worth $69,000. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Morgan Stanley set a $307.00 target price on Gartner in a research note on Monday, October 13th. Royal Bank Of Canada started coverage on Gartner in a report on Tuesday, September 9th. They set a “sector perform” rating and a $263.00 price objective on the stock. Barclays decreased their price objective on Gartner from $270.00 to $260.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 5th. The Goldman Sachs Group lowered their target price on Gartner from $457.00 to $390.00 and set a “buy” rating for the company in a research note on Wednesday, November 5th. Finally, UBS Group set a $256.00 price target on shares of Gartner and gave the company a “neutral” rating in a research note on Tuesday, November 25th. Four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $311.67.

Gartner Trading Down 1.0%

Gartner stock opened at $229.67 on Friday. The stock has a 50-day simple moving average of $239.90 and a 200 day simple moving average of $300.17. The stock has a market capitalization of $16.55 billion, a P/E ratio of 20.15 and a beta of 1.08. The company has a debt-to-equity ratio of 4.42, a quick ratio of 0.88 and a current ratio of 0.88. Gartner, Inc. has a 52 week low of $222.54 and a 52 week high of $584.01.

Gartner (NYSE:IT) last released its quarterly earnings data on Tuesday, November 4th. The information technology services provider reported $2.76 EPS for the quarter, beating the consensus estimate of $2.41 by $0.35. The firm 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. Analysts expect that Gartner, Inc. will post 12.5 earnings per share for the current year.

Insider Transactions at Gartner

In other news, EVP Claire Herkes sold 367 shares of Gartner stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $231.56, for a total value of $84,982.52. Following the completion of the sale, the executive vice president directly owned 4,074 shares in the company, 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 Securities & Exchange Commission, which is accessible through this link. Also, SVP John J. Rinello sold 220 shares of the company’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $229.57, for a total value of $50,505.40. Following the sale, the senior vice president owned 3,046 shares of the company’s stock, valued at approximately $699,270.22. The trade was a 6.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 2.30% of the company’s stock.

Gartner 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.