ProShare Advisors LLC Has $7.97 Million Stock Holdings in Gartner, Inc. $IT

ProShare Advisors LLC lifted its position in shares of Gartner, Inc. (NYSE:IT) by 9.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 19,728 shares of the information technology services provider’s stock after buying an additional 1,621 shares during the quarter. ProShare Advisors LLC’s holdings in Gartner were worth $7,974,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Ransom Advisory Ltd bought a new stake in Gartner during the 1st quarter worth approximately $29,000. Chilton Capital Management LLC bought a new position in shares of Gartner during the second quarter valued at $47,000. GW&K Investment Management LLC lifted its holdings in shares of Gartner by 210.8% during the first quarter. GW&K Investment Management LLC now owns 115 shares of the information technology services provider’s stock worth $48,000 after purchasing an additional 78 shares during the period. Bayforest Capital Ltd grew its stake in shares of Gartner by 527.3% in the first quarter. Bayforest Capital Ltd now owns 138 shares of the information technology services provider’s stock worth $58,000 after purchasing an additional 116 shares during the last quarter. Finally, WPG Advisers LLC bought a new stake in shares of Gartner in the first quarter worth $69,000. Institutional investors own 91.51% of the company’s stock.

Analysts Set New Price Targets

IT has been the topic of several recent research reports. William Blair reaffirmed an “outperform” rating on shares of Gartner in a report on Tuesday, October 21st. UBS Group lowered their price objective on Gartner from $280.00 to $256.00 and set a “neutral” rating for the company in a research report on Wednesday, November 5th. BMO Capital Markets cut their price objective on Gartner from $272.00 to $254.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 5th. Morgan Stanley set a $307.00 target price on shares of Gartner in a research report on Monday, October 13th. Finally, Barclays lowered their price target on shares of Gartner from $270.00 to $260.00 and set an “equal weight” rating for the company in a report on Wednesday, November 5th. Four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $311.67.

Insider Activity

In other news, Director Jose M. Gutierrez purchased 417 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The shares were acquired at an average cost of $239.80 per share, with a total value of $99,996.60. Following the purchase, the director owned 2,080 shares in the company, valued at $498,784. This represents a 25.08% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP John J. Rinello sold 105 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $249.71, for a total value of $26,219.55. Following the completion of the sale, 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 disclosure for this sale is available in the SEC filing. Company insiders own 2.30% of the company’s stock.

Gartner Trading Down 0.6%

Shares of IT stock opened at $230.18 on Thursday. Gartner, Inc. has a fifty-two week low of $222.54 and a fifty-two week high of $584.01. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a 50 day simple moving average of $246.99 and a two-hundred day simple moving average of $324.62. The company has a market cap of $17.43 billion, a P/E ratio of 14.16 and a beta of 1.19.

Gartner (NYSE:IT) last announced its quarterly earnings data on Tuesday, November 4th. The information technology services provider reported $2.76 EPS for the quarter, topping the consensus estimate of $2.41 by $0.35. The company had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.52 billion. Gartner had a net margin of 19.71% and a return on equity of 82.63%. Gartner has set its FY 2025 guidance at 12.650- EPS. Research analysts forecast that Gartner, Inc. will post 12.5 earnings per share for the current year.

Gartner Company 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.