Gartner, Inc. $IT Shares Bought by Aberdeen Group plc

Aberdeen Group plc lifted its position in shares of Gartner, Inc. (NYSE:ITFree Report) by 9.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,742 shares of the information technology services provider’s stock after acquiring an additional 6,084 shares during the quarter. Aberdeen Group plc’s holdings in Gartner were worth $19,060,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new stake in Gartner in the second quarter valued at $394,133,000. AQR Capital Management LLC boosted its position in shares of Gartner by 304.5% in the 2nd quarter. AQR Capital Management LLC now owns 660,186 shares of the information technology services provider’s stock worth $266,860,000 after buying an additional 496,957 shares in the last quarter. Sustainable Growth Advisers LP grew its stake in Gartner by 71.7% in the 2nd 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 during the last quarter. Pacer Advisors Inc. increased its holdings in Gartner by 150.6% during the 3rd quarter. Pacer Advisors Inc. now owns 712,252 shares of the information technology services provider’s stock valued at $187,230,000 after acquiring an additional 428,089 shares in the last quarter. Finally, Qube Research & Technologies Ltd raised its position 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 acquiring an additional 338,615 shares during the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

Gartner Price Performance

Shares of NYSE:IT opened at $161.38 on Thursday. The company has a market cap of $11.63 billion, a P/E ratio of 16.72 and a beta of 1.06. The business has a fifty day simple moving average of $219.70 and a 200-day simple moving average of $234.93. Gartner, Inc. has a 52 week low of $139.18 and a 52 week high of $517.06. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 9.30.

Gartner (NYSE:ITGet Free Report) last released its earnings results on Tuesday, February 3rd. The information technology services provider reported $3.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.50 by $0.44. Gartner had a net margin of 11.22% and a return on equity of 102.20%. The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.75 billion. During the same period in the previous year, the firm earned $5.45 earnings per share. Gartner’s revenue was up 2.2% compared to the same quarter last year. Gartner has set its FY 2026 guidance at 12.300- EPS. Equities research analysts forecast that Gartner, Inc. will post 12.5 EPS for the current year.

Insider Transactions at Gartner

In other news, EVP Claire Herkes sold 367 shares of the firm’s stock in a transaction 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 transaction, the executive vice president owned 4,074 shares of the company’s stock, valued at approximately $943,375.44. This trade represents a 8.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP John J. Rinello sold 220 shares of the company’s 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 directly 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. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 2.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft set a $204.00 price target on shares of Gartner in a research report on Wednesday, February 4th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Gartner in a report on Thursday, January 22nd. BMO Capital Markets reissued a “market perform” rating on shares of Gartner in a report on Thursday, February 5th. Wells Fargo & Company reduced their price objective on Gartner from $218.00 to $150.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 4th. Finally, Morgan Stanley dropped their price objective on Gartner from $275.00 to $200.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 4th. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $190.70.

View Our Latest Research Report on IT

Key Gartner News

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About Gartner

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Gartner (NYSE:IT)

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