Gartner, Inc. $IT Shares Sold by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. lessened its position in Gartner, Inc. (NYSE:IT) by 2.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,959 shares of the information technology services provider’s stock after selling 717 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Gartner were worth $11,302,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Gartner by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 9,433,449 shares of the information technology services provider’s stock valued at $3,959,596,000 after acquiring an additional 164,810 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Gartner by 4.1% during the second quarter. Geode Capital Management LLC now owns 2,258,233 shares of the information technology services provider’s stock worth $910,481,000 after purchasing an additional 89,877 shares in the last quarter. Generation Investment Management LLP boosted its stake in shares of Gartner by 16.5% in the first 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 during the period. JPMorgan Chase & Co. grew its holdings in shares of Gartner by 20.5% in the first 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, T. Rowe Price Investment Management Inc. grew its holdings in shares of Gartner by 692.2% in the first 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. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Gartner news, SVP John J. Rinello sold 105 shares of the 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 transaction, the senior vice president directly owned 3,225 shares in the company, valued at $805,314.75. This represents a 3.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jose M. Gutierrez acquired 417 shares of Gartner stock in a transaction dated Monday, August 18th. The shares were bought at an average price of $239.80 per share, with a total value of $99,996.60. Following the transaction, the director directly owned 2,080 shares in the company, valued at approximately $498,784. The trade was a 25.08% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 2.30% of the stock is currently owned by company insiders.

Gartner Stock Performance

Shares of IT stock opened at $231.06 on Friday. The company has a market cap of $17.50 billion, a P/E ratio of 14.22 and a beta of 1.19. The firm has a fifty day moving average price of $246.58 and a 200 day moving average price of $322.68. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.61. Gartner, Inc. has a 12 month low of $222.54 and a 12 month high of $584.01.

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

Wall Street Analyst Weigh In

IT has been the topic of a number of research reports. Wolfe Research assumed coverage on shares of Gartner in a report on Wednesday, September 3rd. They set a “peer perform” rating on the stock. Truist Financial began coverage on Gartner in a research report on Thursday, October 16th. They set a “buy” rating and a $300.00 price objective on the stock. UBS Group decreased their target price on Gartner from $280.00 to $256.00 and set a “neutral” rating for the company in a report on Wednesday, November 5th. BMO Capital Markets lowered their target price on Gartner from $272.00 to $254.00 and set a “market perform” rating for the company in a research note on Wednesday, November 5th. Finally, Royal Bank Of Canada initiated coverage on Gartner in a research report on Tuesday, September 9th. They issued a “sector perform” rating and a $263.00 price target on the stock. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $311.67.

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.