California Public Employees Retirement System Sells 53,280 Shares of Gartner, Inc. $IT

California Public Employees Retirement System lessened its stake in shares of Gartner, Inc. (NYSE:IT) by 15.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 289,018 shares of the information technology services provider’s stock after selling 53,280 shares during the period. California Public Employees Retirement System’s holdings in Gartner were worth $116,827,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Sequoia Financial Advisors LLC lifted its position in shares of Gartner by 1.8% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 1,725 shares of the information technology services provider’s stock valued at $697,000 after buying an additional 31 shares in the last quarter. Verdence Capital Advisors LLC raised its stake in Gartner by 2.6% during the 2nd quarter. Verdence Capital Advisors LLC now owns 1,333 shares of the information technology services provider’s stock worth $539,000 after acquiring an additional 34 shares during the period. Accurate Wealth Management LLC raised its stake in Gartner by 2.8% during the 2nd quarter. Accurate Wealth Management LLC now owns 1,308 shares of the information technology services provider’s stock worth $507,000 after acquiring an additional 36 shares during the period. EP Wealth Advisors LLC lifted its holdings in Gartner by 5.0% during the first quarter. EP Wealth Advisors LLC now owns 800 shares of the information technology services provider’s stock valued at $336,000 after purchasing an additional 38 shares in the last quarter. Finally, Apollon Wealth Management LLC boosted its position in shares of Gartner by 4.2% in the second quarter. Apollon Wealth Management LLC now owns 965 shares of the information technology services provider’s stock worth $390,000 after purchasing an additional 39 shares during the period. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Gartner Trading Down 1.0%

Shares of Gartner stock opened at $229.67 on Monday. Gartner, Inc. has a twelve month low of $222.54 and a twelve month 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. The business has a 50-day moving average price of $239.90 and a 200-day moving average price of $299.16. The firm has a market cap of $16.55 billion, a price-to-earnings ratio of 20.15 and a beta of 1.08.

Gartner (NYSE:IT) last posted its earnings results on Tuesday, November 4th. The information technology services provider reported $2.76 EPS for the quarter, topping 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 company 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. Equities research analysts anticipate that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Wall Street Analyst Weigh In

IT has been the topic of a number of analyst reports. Royal Bank Of Canada started coverage on shares of Gartner in a report on Tuesday, September 9th. They issued a “sector perform” rating and a $263.00 target price for the company. William Blair restated an “outperform” rating on shares of Gartner in a research report on Tuesday, October 21st. The Goldman Sachs Group cut their target price on Gartner from $457.00 to $390.00 and set a “buy” rating for the company in a research report on Wednesday, November 5th. BMO Capital Markets decreased their target price on Gartner from $272.00 to $254.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 5th. Finally, Wells Fargo & Company dropped their price target on Gartner from $231.00 to $218.00 and set an “underweight” rating for the company in a research note 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 issued a Sell rating to the stock. According to MarketBeat.com, Gartner currently has an average rating of “Hold” and an average target price of $311.67.

Insider Activity at Gartner

In other news, SVP John J. Rinello sold 220 shares of the stock in a transaction that occurred 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 completion of the transaction, the senior vice president directly owned 3,046 shares in the company, valued at approximately $699,270.22. This represents a 6.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Claire Herkes sold 367 shares of the business’s 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 completion of the sale, the executive vice president owned 4,074 shares in the company, valued at $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 corporate insiders.

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.