Insider Buying: Gartner (NYSE:IT) Director Purchases $9,940,381.00 in Stock

Gartner, Inc. (NYSE:IT) Director Stephen Pagliuca bought 43,300 shares of Gartner stock in a transaction dated Wednesday, December 10th. The shares were bought at an average cost of $229.57 per share, for a total transaction of $9,940,381.00. Following the completion of the transaction, the director owned 111,613 shares of the company’s stock, valued at approximately $25,622,996.41. This trade represents a 63.38% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Gartner Stock Up 0.4%

Shares of NYSE:IT opened at $233.63 on Monday. The business’s 50 day moving average is $237.16 and its 200 day moving average is $291.78. The stock has a market cap of $16.84 billion, a P/E ratio of 20.49 and a beta of 1.08. Gartner, Inc. has a 52-week low of $222.54 and a 52-week high of $584.01. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 4.42.

Gartner (NYSE:IT) last issued its 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. Gartner had a return on equity of 92.12% and a net margin of 13.71%.The business had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.52 billion. Gartner has set its FY 2025 guidance at 12.650- EPS. Sell-side analysts predict that Gartner, Inc. will post 12.5 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on IT shares. Barclays dropped their price objective on shares of Gartner from $270.00 to $260.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 5th. Truist Financial set a $300.00 target price on Gartner in a report on Wednesday, November 26th. UBS Group set a $256.00 price target on Gartner and gave the company a “neutral” rating in a report on Tuesday, November 25th. The Goldman Sachs Group reduced their price target on Gartner from $457.00 to $390.00 and set a “buy” rating for the company in a research report on Wednesday, November 5th. Finally, William Blair reaffirmed an “outperform” rating on shares of Gartner in a research report on Tuesday, October 21st. Four equities 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $311.67.

Institutional Investors Weigh In On Gartner

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Brighton Jones LLC purchased a new position in shares of Gartner in the 4th quarter valued at approximately $309,000. Callan Family Office LLC increased its stake in Gartner by 9.9% during the 1st quarter. Callan Family Office LLC now owns 1,002 shares of the information technology services provider’s stock valued at $421,000 after purchasing an additional 90 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Gartner by 105.0% in the first quarter. Russell Investments Group Ltd. now owns 101,946 shares of the information technology services provider’s stock worth $42,773,000 after buying an additional 52,218 shares during the last quarter. National Pension Service raised its holdings in shares of Gartner by 9.8% in the first quarter. National Pension Service now owns 114,427 shares of the information technology services provider’s stock worth $48,030,000 after buying an additional 10,168 shares during the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in shares of Gartner by 2.9% during the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 17,566 shares of the information technology services provider’s stock worth $7,373,000 after buying an additional 500 shares during the period. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

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.