Baron Wealth Management LLC Has $264,000 Stock Holdings in Gartner, Inc. $IT

Baron Wealth Management LLC raised its holdings in Gartner, Inc. (NYSE:IT) by 16.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 652 shares of the information technology services provider’s stock after purchasing an additional 91 shares during the quarter. Baron Wealth Management LLC’s holdings in Gartner were worth $264,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of IT. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Gartner by 692.2% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,066,732 shares of the information technology services provider’s stock valued at $447,751,000 after purchasing an additional 932,077 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Gartner by 40,841.0% in the 1st quarter. GAMMA Investing LLC now owns 499,071 shares of the information technology services provider’s stock valued at $209,480,000 after purchasing an additional 497,852 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Gartner in the 1st quarter valued at $128,318,000. JPMorgan Chase & Co. boosted its holdings in shares of Gartner by 20.5% in the 1st quarter. JPMorgan Chase & Co. now owns 1,245,563 shares of the information technology services provider’s stock valued at $522,813,000 after purchasing an additional 211,842 shares in the last quarter. Finally, Generation Investment Management LLP boosted its holdings in shares of Gartner by 16.5% in the 1st quarter. Generation Investment Management LLP now owns 1,341,342 shares of the information technology services provider’s stock valued at $563,015,000 after purchasing an additional 189,514 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insider Buying and Selling at Gartner

In related news, SVP John J. Rinello sold 105 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $249.71, for a total transaction of $26,219.55. Following the completion of the transaction, the senior vice president directly owned 3,225 shares of the company’s stock, valued at $805,314.75. This trade represents a 3.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jose M. Gutierrez bought 417 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were bought at an average cost of $239.80 per share, with a total value of $99,996.60. Following the completion of the transaction, the director owned 2,080 shares in the company, valued at $498,784. The trade was a 25.08% increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.30% of the stock is owned by company insiders.

Gartner Stock Up 1.3%

Shares of NYSE:IT opened at $254.05 on Thursday. The firm has a market cap of $19.24 billion, a P/E ratio of 15.63 and a beta of 1.20. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.61. Gartner, Inc. has a 12-month low of $223.65 and a 12-month high of $584.01. The business has a fifty day simple moving average of $283.55 and a 200 day simple moving average of $375.28.

Gartner (NYSE:IT) last announced its earnings results on Tuesday, August 5th. The information technology services provider reported $3.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.38 by $0.15. The business had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.68 billion. Gartner had a return on equity of 82.63% and a net margin of 19.71%.Gartner’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period last year, the company earned $3.22 EPS. Gartner has set its FY 2025 guidance at 11.750- EPS. Analysts predict that Gartner, Inc. will post 12.5 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on IT. BMO Capital Markets cut their price objective on Gartner from $409.00 to $272.00 and set a “market perform” rating on the stock in a report on Wednesday, August 6th. UBS Group reissued a “neutral” rating and set a $270.00 price objective (down previously from $480.00) on shares of Gartner in a report on Wednesday, August 6th. Wells Fargo & Company cut their price objective on Gartner from $345.00 to $225.00 and set an “underweight” rating on the stock in a report on Wednesday, August 6th. Wolfe Research began coverage on Gartner in a report on Wednesday, September 3rd. They set a “peer perform” rating on the stock. Finally, The Goldman Sachs Group cut their price objective on Gartner from $535.00 to $457.00 and set a “buy” rating on the stock in a report on Wednesday, August 6th. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $357.44.

Gartner 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.