ING Groep NV Buys 34,464 Shares of Gartner, Inc. $IT

ING Groep NV boosted its stake in shares of Gartner, Inc. (NYSE:IT) by 65.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 86,991 shares of the information technology services provider’s stock after purchasing an additional 34,464 shares during the quarter. ING Groep NV’s holdings in Gartner were worth $22,867,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in IT. Addison Advisors LLC acquired a new stake in shares of Gartner during the 2nd quarter worth about $27,000. True Wealth Design LLC boosted its position in Gartner by 1,130.8% in the third quarter. True Wealth Design LLC now owns 160 shares of the information technology services provider’s stock valued at $42,000 after buying an additional 147 shares in the last quarter. Chilton Capital Management LLC bought a new stake in Gartner during the second quarter worth about $47,000. Versant Capital Management Inc increased its holdings in shares of Gartner by 1,284.6% during the third quarter. Versant Capital Management Inc now owns 180 shares of the information technology services provider’s stock worth $47,000 after buying an additional 167 shares in the last quarter. Finally, Osterweis Capital Management Inc. acquired a new stake in shares of Gartner during the second quarter worth approximately $48,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on IT. Truist Financial decreased their price target on Gartner from $300.00 to $170.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. UBS Group set a $180.00 price objective on Gartner in a research note on Wednesday, February 4th. Morgan Stanley lowered their target price on Gartner from $275.00 to $200.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft set a $204.00 price target on shares of Gartner in a research report on Wednesday, February 4th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Gartner in a research report on Thursday, January 22nd. Four investment 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 data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $190.70.

Insider Transactions at Gartner

In related news, EVP Claire Herkes sold 367 shares of the stock in a transaction that occurred 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 directly owned 4,074 shares of the company’s stock, valued at approximately $943,375.44. This represents a 8.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP John J. Rinello sold 220 shares of Gartner stock in a transaction that occurred on Wednesday, December 3rd. The shares were 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. The trade was a 6.74% decrease in their position. The disclosure for this sale is available in the SEC filing. 2.30% of the stock is currently owned by insiders.

Gartner Trading Up 0.8%

IT opened at $161.24 on Thursday. The firm’s fifty day moving average is $226.91 and its two-hundred day moving average is $241.40. The firm has a market cap of $11.62 billion, a PE ratio of 16.71 and a beta of 1.06. Gartner, Inc. has a twelve month low of $139.18 and a twelve month high of $519.37. The company has a debt-to-equity ratio of 4.42, a quick ratio of 0.88 and a current ratio of 0.88.

Gartner (NYSE:IT) last released its quarterly earnings data on Tuesday, February 3rd. The information technology services provider reported $3.94 EPS 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 analysts’ expectations of $1.75 billion. Gartner had a net margin of 11.22% and a return on equity of 83.48%. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.45 EPS. Gartner has set its FY 2026 guidance at 12.300- EPS. Equities research analysts anticipate that Gartner, Inc. will post 12.5 EPS for the current year.

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.