Gartner, Inc. $IT Shares Acquired by ABN Amro Investment Solutions

ABN Amro Investment Solutions grew its holdings in shares of Gartner, Inc. (NYSE:IT) by 45.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,332 shares of the information technology services provider’s stock after purchasing an additional 3,234 shares during the period. ABN Amro Investment Solutions’ holdings in Gartner were worth $2,716,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in Gartner by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 9,572,283 shares of the information technology services provider’s stock valued at $3,869,308,000 after buying an additional 138,834 shares in the last quarter. State Street Corp grew its stake in shares of Gartner by 2.9% during the second quarter. State Street Corp now owns 3,413,397 shares of the information technology services provider’s stock worth $1,379,763,000 after acquiring an additional 96,172 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Gartner by 4.1% during the second quarter. Geode Capital Management LLC now owns 2,258,233 shares of the information technology services provider’s stock valued at $910,481,000 after acquiring an additional 89,877 shares in the last quarter. Sustainable Growth Advisers LP increased its holdings in shares of Gartner by 71.7% during the second quarter. Sustainable Growth Advisers LP now owns 1,161,513 shares of the information technology services provider’s stock valued at $469,507,000 after acquiring an additional 485,188 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Gartner in the 2nd quarter valued at approximately $394,133,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insider Activity at Gartner

In other Gartner news, SVP John J. Rinello sold 220 shares of the business’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was 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 approximately $699,270.22. The trade was a 6.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Claire Herkes sold 367 shares of the company’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was 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 approximately $943,375.44. This represents a 8.26% decrease in their position. The disclosure for this sale is available in the SEC filing. 3.60% of the stock is owned by company insiders.

Gartner Trading Up 3.3%

NYSE IT opened at $158.63 on Monday. Gartner, Inc. has a 1 year low of $139.18 and a 1 year high of $519.37. The company has a debt-to-equity ratio of 9.30, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market capitalization of $11.43 billion, a PE ratio of 16.44 and a beta of 1.06. The company has a fifty day moving average of $223.92 and a 200 day moving average of $237.93.

Gartner (NYSE:IT) last released its quarterly earnings data on Tuesday, February 3rd. The information technology services provider reported $3.94 earnings per share for the quarter, beating analysts’ consensus estimates of $3.50 by $0.44. The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.75 billion. Gartner had a return on equity of 102.20% and a net margin of 11.22%.The company’s revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the business posted $5.45 EPS. Gartner has set its FY 2026 guidance at 12.300- EPS. Research analysts forecast that Gartner, Inc. will post 12.5 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on IT. Deutsche Bank Aktiengesellschaft set a $204.00 target price on shares of Gartner in a research report on Wednesday, February 4th. Weiss Ratings reissued a “sell (d+)” rating on shares of Gartner in a report on Thursday, January 22nd. Truist Financial reduced their target price on Gartner from $300.00 to $170.00 and set a “buy” rating for the company in a research note on Friday, February 6th. William Blair reaffirmed an “outperform” rating on shares of Gartner in a research report on Tuesday, October 21st. Finally, Morgan Stanley dropped their price target on Gartner from $275.00 to $200.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 4th. Four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $190.70.

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.