12,342 Shares in Gartner, Inc. $IT Acquired by Corient Private Wealth LP

Corient Private Wealth LP bought a new position in shares of Gartner, Inc. (NYSE:IT) in the 2nd quarter, HoldingsChannel.com reports. The fund bought 12,342 shares of the information technology services provider’s stock, valued at approximately $1,600,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Brighton Jones LLC acquired a new position in shares of Gartner in the 4th quarter valued at $309,000. Sivia Capital Partners LLC acquired a new stake in shares of Gartner during the 2nd quarter worth about $336,000. Cresset Asset Management LLC increased its position in shares of Gartner by 15.2% during the 2nd quarter. Cresset Asset Management LLC now owns 1,446 shares of the information technology services provider’s stock worth $585,000 after purchasing an additional 191 shares during the last quarter. Sei Investments Co. raised its holdings in Gartner by 9.2% in the 2nd quarter. Sei Investments Co. now owns 91,205 shares of the information technology services provider’s stock valued at $36,867,000 after buying an additional 7,678 shares during the period. Finally, The Manufacturers Life Insurance Company raised its holdings in Gartner by 111.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 95,301 shares of the information technology services provider’s stock valued at $38,523,000 after buying an additional 50,251 shares during the period. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Analysts Set New Price Targets

IT has been the subject of several research analyst reports. Truist Financial set a $205.00 target price on shares of Gartner in a research note on Wednesday, August 5th. UBS Group boosted their price target on shares of Gartner from $164.00 to $196.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. BMO Capital Markets decreased their price objective on shares of Gartner from $214.00 to $206.00 and set a “market perform” rating on the stock in a report on Tuesday, August 18th. The Goldman Sachs Group increased their price objective on shares of Gartner from $162.00 to $181.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Finally, Wells Fargo & Company lifted their target price on shares of Gartner from $120.00 to $150.00 and gave the company an “underweight” rating in a report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Gartner currently has an average rating of “Hold” and a consensus target price of $187.30.

Insider Buying and Selling at Gartner

In other Gartner news, EVP Yvonne Genovese sold 1,205 shares of the stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $190.06, for a total transaction of $229,022.30. Following the sale, the executive vice president directly owned 6,208 shares in the company, valued at $1,179,892.48. This represents a 16.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Anne Fuchs sold 860 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The shares were 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 $1,492,277.10. This represents a 9.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 6,043 shares of company stock worth $1,172,858. 2.60% of the stock is owned by company insiders.

Gartner Price Performance

IT opened at $195.50 on Friday. The stock’s 50-day moving average price is $162.96 and its 200 day moving average price is $157.21. Gartner, Inc. has a 12-month low of $124.25 and a 12-month high of $265.85. The firm has a market cap of $12.35 billion, a price-to-earnings ratio of 17.53, a PEG ratio of 0.64 and a beta of 0.96. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 46.98.

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

About Gartner

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.