Pure Financial Advisors LLC Makes New $380,000 Investment in Gartner, Inc. $IT

Pure Financial Advisors LLC acquired a new stake in shares of Gartner, Inc. (NYSE:IT) during the second quarter, Holdings Channel reports. The firm acquired 2,930 shares of the information technology services provider’s stock, valued at approximately $380,000.

Several other large investors also recently modified their holdings of IT. Bamco Inc. NY acquired a new position in shares of Gartner in the 2nd quarter worth approximately $985,243,000. BlackRock Inc. acquired a new stake in Gartner in the 2nd quarter valued at $676,246,000. J. Stern & Co. LLP boosted its stake in Gartner by 8,182.0% in the 4th quarter. J. Stern & Co. LLP now owns 1,536,890 shares of the information technology services provider’s stock valued at $387,727,000 after buying an additional 1,518,333 shares in the last quarter. Norges Bank bought a new stake in Gartner in the fourth quarter valued at $299,576,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in Gartner by 108,812.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,025,952 shares of the information technology services provider’s stock valued at $258,827,000 after acquiring an additional 1,025,010 shares during the period. 91.51% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Gartner news, EVP Akhil Jain sold 700 shares of the firm’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $201.73, for a total value of $141,211.00. Following the completion of the sale, the executive vice president owned 8,130 shares in the company, valued at approximately $1,640,064.90. This trade represents a 7.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Anne Sutherland Fuchs sold 860 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $184.30, for a total transaction of $158,498.00. Following the completion of the transaction, the director directly owned 8,097 shares of the company’s stock, valued at approximately $1,492,277.10. This represents a 9.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 2,765 shares of company stock valued at $528,731 in the last 90 days. 2.60% of the stock is currently owned by insiders.

Gartner Trading Up 1.7%

Shares of IT opened at $196.26 on Friday. The company has a debt-to-equity ratio of 46.98, a quick ratio of 0.88 and a current ratio of 0.88. The company has a market cap of $12.39 billion, a price-to-earnings ratio of 17.60, a PEG ratio of 0.67 and a beta of 0.94. The stock has a fifty day moving average price of $156.37 and a two-hundred day moving average price of $155.97. Gartner, Inc. has a 52-week low of $124.25 and a 52-week high of $265.85.

Gartner (NYSE:IT) last announced its earnings results on Tuesday, August 4th. The information technology services provider reported $4.37 earnings per share for the quarter, beating analysts’ consensus estimates of $3.76 by $0.61. Gartner had a return on equity of 525.46% and a net margin of 11.99%.The company had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same period last year, the company posted $3.53 earnings per share. The firm’s quarterly revenue was down .6% compared to the same quarter last year. Gartner has set its FY 2026 guidance at 14.000- EPS. Analysts predict that Gartner, Inc. will post 14.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on IT. Weiss Ratings raised Gartner from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, August 13th. The Goldman Sachs Group upped their target price on shares of Gartner from $162.00 to $181.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. BMO Capital Markets dropped their target price on shares of Gartner from $214.00 to $206.00 and set a “market perform” rating for the company in a research report on Tuesday, August 18th. Truist Financial set a $205.00 price target on shares of Gartner in a report on Wednesday, August 5th. Finally, Morgan Stanley set a $177.00 price target on shares of Gartner in a research report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Gartner presently has a consensus rating of “Hold” and a consensus target price of $187.30.

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.