Wealthfront Advisers LLC Acquires 22,079 Shares of Gartner, Inc. $IT

Wealthfront Advisers LLC lifted its holdings in shares of Gartner, Inc. (NYSE:IT) by 715.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 25,166 shares of the information technology services provider’s stock after purchasing an additional 22,079 shares during the period. Wealthfront Advisers LLC’s holdings in Gartner were worth $6,615,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Sequoia Financial Advisors LLC grew its holdings in Gartner by 1.8% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 1,725 shares of the information technology services provider’s stock worth $697,000 after acquiring an additional 31 shares during the last quarter. Apollon Wealth Management LLC lifted its position in shares of Gartner by 4.2% during the second quarter. Apollon Wealth Management LLC now owns 965 shares of the information technology services provider’s stock worth $390,000 after purchasing an additional 39 shares in the last quarter. Phoenix Financial Ltd. lifted its position in shares of Gartner by 5.4% during the second quarter. Phoenix Financial Ltd. now owns 806 shares of the information technology services provider’s stock worth $326,000 after purchasing an additional 41 shares in the last quarter. Penserra Capital Management LLC grew its stake in shares of Gartner by 12.3% during the second quarter. Penserra Capital Management LLC now owns 410 shares of the information technology services provider’s stock valued at $165,000 after purchasing an additional 45 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its holdings in shares of Gartner by 2.8% in the third quarter. Harbor Capital Advisors Inc. now owns 1,701 shares of the information technology services provider’s stock valued at $447,000 after purchasing an additional 46 shares in the last quarter. 91.51% of the stock is owned by institutional investors.

Insider Transactions at Gartner

In other Gartner news, Director Stephen G. Pagliuca bought 43,300 shares of Gartner stock in a transaction on Wednesday, December 10th. The shares were purchased at an average cost of $229.57 per share, for a total transaction of $9,940,381.00. Following the completion of the acquisition, the director owned 111,613 shares in the company, valued at approximately $25,622,996.41. The trade was a 63.38% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP John J. Rinello sold 220 shares of the stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $229.57, for a total value of $50,505.40. Following the completion of the sale, the senior vice president owned 3,046 shares of the company’s stock, valued at $699,270.22. This trade represents a 6.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 2.30% of the company’s stock.

Gartner Price Performance

Gartner stock opened at $153.36 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 4.42. The firm has a market capitalization of $11.05 billion, a P/E ratio of 15.89 and a beta of 1.06. The business has a 50-day moving average of $225.34 and a 200-day moving average of $240.79. Gartner, Inc. has a 1 year low of $139.18 and a 1 year high of $519.37.

Gartner (NYSE:IT) last announced its quarterly earnings results on Tuesday, February 3rd. The information technology services provider reported $3.94 earnings per share for the quarter, beating analysts’ consensus estimates of $3.50 by $0.44. Gartner had a net margin of 11.22% and a return on equity of 83.48%. The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.75 billion. During the same period last year, the company posted $5.45 EPS. Gartner’s revenue for the quarter was up 2.2% on a year-over-year basis. Gartner has set its FY 2026 guidance at 12.300- EPS. On average, equities analysts anticipate that Gartner, Inc. will post 12.5 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on IT. The Goldman Sachs Group reaffirmed a “buy” rating and set a $220.00 price objective on shares of Gartner in a report on Thursday, February 5th. Wells Fargo & Company decreased their price target on Gartner from $218.00 to $150.00 and set an “underweight” rating on the stock in a report on Wednesday, February 4th. Robert W. Baird set a $240.00 price objective on Gartner in a report on Wednesday, February 4th. Weiss Ratings restated a “sell (d+)” rating on shares of Gartner in a research report on Thursday, January 22nd. Finally, BMO Capital Markets reiterated a “market perform” rating on shares of Gartner in a research report on Thursday, February 5th. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $190.70.

Gartner 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.