Ceera Investments LLC Takes $7.63 Million Position in Gartner, Inc. $IT

Ceera Investments LLC acquired a new stake in shares of Gartner, Inc. (NYSE:IT) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 29,034 shares of the information technology services provider’s stock, valued at approximately $7,632,000. Gartner accounts for about 2.4% of Ceera Investments LLC’s investment portfolio, making the stock its 7th largest holding.

Several other institutional investors and hedge funds have also bought and sold shares of IT. Addison Advisors LLC bought a new stake in shares of Gartner during the 2nd quarter valued at $27,000. True Wealth Design LLC boosted its stake in shares of Gartner by 1,130.8% during the 3rd quarter. True Wealth Design LLC now owns 160 shares of the information technology services provider’s stock worth $42,000 after purchasing an additional 147 shares during the period. Chilton Capital Management LLC purchased a new position in Gartner during the 2nd quarter valued at $47,000. Versant Capital Management Inc raised its holdings in shares of Gartner by 1,284.6% in the third quarter. Versant Capital Management Inc now owns 180 shares of the information technology services provider’s stock valued at $47,000 after acquiring an additional 167 shares in the last quarter. Finally, Osterweis Capital Management Inc. bought a new stake in Gartner during the 2nd quarter valued at $48,000. 91.51% of the stock is owned by hedge funds and other institutional investors.

Gartner Stock Up 2.8%

NYSE:IT opened at $156.29 on Friday. The stock has a 50 day moving average of $231.12 and a 200-day moving average of $246.30. The firm has a market capitalization of $11.27 billion, a PE ratio of 16.20 and a beta of 1.06. 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 52 week low of $139.18 and a 52 week high of $535.94.

Gartner (NYSE:IT) last released its earnings results on Tuesday, February 3rd. The information technology services provider reported $3.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.50 by $0.44. The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.75 billion. Gartner had a net margin of 11.22% and a return on equity of 83.48%. The company’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $5.45 EPS. Gartner has set its FY 2026 guidance at 12.300- EPS. Analysts predict that Gartner, Inc. will post 12.5 EPS for the current year.

Insider Activity at Gartner

In other Gartner news, EVP Claire Herkes sold 367 shares of Gartner stock in a transaction dated 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 owned 4,074 shares in the company, valued at $943,375.44. The trade was a 8.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP John J. Rinello sold 220 shares of the stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $229.57, for a total transaction 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. This trade represents a 6.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on IT shares. UBS Group set a $180.00 price target on shares of Gartner in a report on Wednesday. Barclays cut their price target on Gartner from $260.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Thursday. Truist Financial cut their price objective on shares of Gartner from $300.00 to $170.00 and set a “buy” rating for the company in a report on Friday. Royal Bank Of Canada set a $175.00 price target on shares of Gartner in a research note on Wednesday. Finally, Wells Fargo & Company cut their price objective on Gartner from $218.00 to $150.00 and set an “underweight” rating for the company in a research note on Wednesday. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $190.70.

Gartner Company 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.