Cwm LLC Has $8.14 Million Position in Gartner, Inc. $IT

Cwm LLC lifted its stake in Gartner, Inc. (NYSE:IT) by 227.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 30,950 shares of the information technology services provider’s stock after buying an additional 21,489 shares during the period. Cwm LLC’s holdings in Gartner were worth $8,136,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Gartner in the 2nd quarter worth approximately $394,133,000. AQR Capital Management LLC raised its stake in shares of Gartner by 304.5% in the second quarter. AQR Capital Management LLC now owns 660,186 shares of the information technology services provider’s stock valued at $266,860,000 after purchasing an additional 496,957 shares in the last quarter. Sustainable Growth Advisers LP lifted its position in Gartner by 71.7% in the second quarter. Sustainable Growth Advisers LP now owns 1,161,513 shares of the information technology services provider’s stock worth $469,507,000 after purchasing an additional 485,188 shares during the period. Pacer Advisors Inc. lifted its position in Gartner by 150.6% in the third quarter. Pacer Advisors Inc. now owns 712,252 shares of the information technology services provider’s stock worth $187,230,000 after purchasing an additional 428,089 shares during the period. Finally, Qube Research & Technologies Ltd boosted its stake in Gartner by 98.6% during the second quarter. Qube Research & Technologies Ltd now owns 682,062 shares of the information technology services provider’s stock worth $275,703,000 after buying an additional 338,615 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors.

Insider Transactions at Gartner

In other news, EVP Claire Herkes sold 367 shares of the stock in a transaction on Wednesday, December 3rd. The stock was 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 in the company, valued at approximately $943,375.44. This represents a 8.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP John J. Rinello sold 220 shares of Gartner stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $229.57, for a total value of $50,505.40. Following the completion of the transaction, the senior vice president directly owned 3,046 shares of the company’s stock, valued at $699,270.22. This represents a 6.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 3.60% of the company’s stock.

Gartner Stock Performance

NYSE IT opened at $253.58 on Tuesday. The firm has a market cap of $18.28 billion, a price-to-earnings ratio of 22.24 and a beta of 1.08. The company has a 50 day moving average of $238.81 and a 200-day moving average of $278.26. 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 1-year low of $222.54 and a 1-year high of $584.01.

Gartner (NYSE:IT) last announced its earnings results on Tuesday, November 4th. The information technology services provider reported $2.76 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.52 billion. Gartner has set its FY 2025 guidance at 12.650- EPS. On average, equities analysts forecast that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

IT has been the subject of a number of recent research reports. Royal Bank Of Canada assumed coverage on shares of Gartner in a research note on Tuesday, September 9th. They issued a “sector perform” rating and a $263.00 price objective for the company. BMO Capital Markets dropped their price target on shares of Gartner from $272.00 to $254.00 and set a “market perform” rating for the company in a research report on Wednesday, November 5th. Truist Financial set a $300.00 price target on shares of Gartner in a research note on Wednesday, November 26th. William Blair reiterated an “outperform” rating on shares of Gartner in a research note on Tuesday, October 21st. Finally, Barclays dropped their target price on Gartner from $270.00 to $260.00 and set an “equal weight” rating for the company in a report on Wednesday, November 5th. Four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Gartner currently has a consensus rating of “Hold” and an average target price of $308.11.

About Gartner

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.