Elo Mutual Pension Insurance Co Grows Stock Position in Gartner, Inc. $IT

Elo Mutual Pension Insurance Co grew its stake in Gartner, Inc. (NYSE:IT) by 28.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,500 shares of the information technology services provider’s stock after buying an additional 3,204 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Gartner were worth $3,812,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Journey Strategic Wealth LLC purchased a new position in Gartner during the third quarter valued at approximately $283,000. Foyston Gordon & Payne Inc purchased a new position in shares of Gartner during the 3rd quarter valued at approximately $8,431,000. Rafferty Asset Management LLC boosted its holdings in Gartner by 1.6% during the third quarter. Rafferty Asset Management LLC now owns 25,535 shares of the information technology services provider’s stock worth $6,712,000 after buying an additional 400 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in Gartner during the third quarter worth $396,000. Finally, Banco Santander S.A. grew its position in Gartner by 74.1% during the third quarter. Banco Santander S.A. now owns 6,403 shares of the information technology services provider’s stock valued at $1,683,000 after buying an additional 2,725 shares during the period. 91.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on IT shares. Deutsche Bank Aktiengesellschaft set a $204.00 target price on shares of Gartner in a research note on Wednesday, February 4th. Morgan Stanley lowered their price target on Gartner from $275.00 to $200.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 4th. Truist Financial cut their price objective on Gartner from $300.00 to $170.00 and set a “buy” rating for the company in a research report on Friday, February 6th. Barclays reduced their target price on Gartner from $260.00 to $180.00 and set an “equal weight” rating for the company in a research note on Thursday, February 5th. Finally, Robert W. Baird set a $240.00 price target on shares of Gartner in a research note on Wednesday, February 4th. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $190.70.

Insiders Place Their Bets

In other Gartner news, Director Stephen G. Pagliuca acquired 43,300 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The stock was bought at an average price of $229.57 per share, with a total value of $9,940,381.00. Following the purchase, the director owned 111,613 shares in the company, valued at approximately $25,622,996.41. The trade was a 63.38% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.60% of the company’s stock.

Gartner Stock Up 3.8%

Shares of IT opened at $165.34 on Wednesday. The stock has a 50 day moving average price of $203.28 and a 200 day moving average price of $229.02. Gartner, Inc. has a one year low of $139.18 and a one year high of $492.06. The company has a debt-to-equity ratio of 9.30, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market capitalization of $11.65 billion, a price-to-earnings ratio of 17.13, a PEG ratio of 1.60 and a beta of 1.08.

Gartner (NYSE:IT) last announced 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. Gartner had a return on equity of 102.20% and a net margin of 11.22%.The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.75 billion. During the same quarter last year, the firm posted $5.45 EPS. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. Gartner has set its FY 2026 guidance at 12.300- EPS. Equities research analysts forecast that Gartner, Inc. will post 12.5 earnings per share for the current fiscal 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.