4,000 Shares in Gartner, Inc. $IT Acquired by South Dakota Investment Council

South Dakota Investment Council bought a new stake in shares of Gartner, Inc. (NYSE:IT) during the 3rd quarter, Holdings Channel.com reports. The fund bought 4,000 shares of the information technology services provider’s stock, valued at approximately $1,051,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Addison Advisors LLC bought a new position in shares of Gartner in the 2nd quarter worth $27,000. True Wealth Design LLC grew its stake in Gartner by 1,130.8% in the third quarter. True Wealth Design LLC now owns 160 shares of the information technology services provider’s stock valued at $42,000 after purchasing an additional 147 shares during the last quarter. Versant Capital Management Inc raised its holdings in Gartner by 1,284.6% in the third quarter. Versant Capital Management Inc now owns 180 shares of the information technology services provider’s stock worth $47,000 after purchasing an additional 167 shares in the last quarter. Osterweis Capital Management Inc. bought a new position in Gartner in the second quarter worth about $48,000. Finally, Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Gartner in the 3rd quarter valued at about $58,000. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Gartner Price Performance

Shares of NYSE IT opened at $171.17 on Friday. Gartner, Inc. has a 52 week low of $139.18 and a 52 week high of $490.13. The business’s 50 day moving average price is $199.99 and its 200 day moving average price is $228.19. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 9.30. The firm has a market cap of $12.06 billion, a P/E ratio of 17.74, a P/E/G ratio of 1.67 and a beta of 1.08.

Gartner (NYSE:IT) last released its quarterly earnings data on Tuesday, February 3rd. The information technology services provider reported $3.94 EPS for the quarter, beating the consensus estimate of $3.50 by $0.44. The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.75 billion. Gartner had a net margin of 11.22% and a return on equity of 102.20%. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the prior year, the firm earned $5.45 EPS. Gartner has set its FY 2026 guidance at 12.300- EPS. On average, sell-side analysts expect that Gartner, Inc. will post 12.5 earnings per share for the current year.

Wall Street Analysts Forecast Growth

IT has been the subject of a number of analyst reports. BMO Capital Markets reissued a “market perform” rating on shares of Gartner in a research report on Thursday, February 5th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Gartner in a report on Thursday, January 22nd. The Goldman Sachs Group reissued a “buy” rating and issued a $220.00 price objective on shares of Gartner in a research report on Thursday, February 5th. Robert W. Baird set a $240.00 target price on Gartner in a research report on Wednesday, February 4th. Finally, Royal Bank Of Canada set a $175.00 price target on Gartner in a research note on Wednesday, February 4th. Four equities 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $190.70.

Insider Buying and Selling

In related news, Director Stephen G. Pagliuca purchased 43,300 shares of the business’s stock in a transaction on Wednesday, December 10th. The shares were bought at an average cost of $229.57 per share, with a total value of $9,940,381.00. Following the transaction, the director owned 111,613 shares of the company’s stock, valued at approximately $25,622,996.41. This trade represents a 63.38% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.30% of the company’s stock.

Gartner Company 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.