The Manufacturers Life Insurance Company Buys Shares of 49,058 Gartner, Inc. $IT

The Manufacturers Life Insurance Company purchased a new stake in shares of Gartner, Inc. (NYSE:IT) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 49,058 shares of the information technology services provider’s stock, valued at approximately $6,359,000. The Manufacturers Life Insurance Company owned approximately 0.07% of Gartner at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. DV Equities LLC bought a new stake in Gartner during the 4th quarter worth approximately $25,000. Entrust Financial LLC bought a new position in shares of Gartner during the fourth quarter valued at $26,000. Bell Investment Advisors Inc lifted its holdings in shares of Gartner by 75.5% during the first quarter. Bell Investment Advisors Inc now owns 172 shares of the information technology services provider’s stock worth $27,000 after purchasing an additional 74 shares during the period. Elyxium Wealth LLC acquired a new position in shares of Gartner during the fourth quarter worth $28,000. Finally, Cassaday & Co Wealth Management LLC bought a new stake in shares of Gartner in the first quarter worth $34,000. Institutional investors own 91.51% of the company’s stock.

Insider Buying and Selling at Gartner

In related news, Director Anne Sutherland Fuchs sold 860 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $184.30, for a total transaction of $158,498.00. Following the transaction, the director directly owned 8,097 shares of the company’s stock, valued at $1,492,277.10. This trade represents a 9.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Akhil Jain sold 700 shares of Gartner stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $201.73, for a total transaction of $141,211.00. Following the transaction, the executive vice president directly owned 8,130 shares in the company, valued at approximately $1,640,064.90. This represents a 7.93% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 2,765 shares of company stock worth $528,731. Corporate insiders own 2.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on IT. Morgan Stanley set a $177.00 target price on Gartner in a research report on Wednesday, August 5th. Royal Bank Of Canada upped their price target on Gartner from $160.00 to $164.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 5th. Zacks Research raised Gartner from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. UBS Group raised their price objective on Gartner from $164.00 to $196.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Finally, Weiss Ratings upgraded Gartner from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $187.30.

Gartner Stock Performance

Shares of IT opened at $198.22 on Monday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 46.98. The firm’s fifty day simple moving average is $157.78 and its two-hundred day simple moving average is $156.24. Gartner, Inc. has a 12 month low of $124.25 and a 12 month high of $265.85. The stock has a market capitalization of $12.52 billion, a P/E ratio of 17.78, a price-to-earnings-growth ratio of 0.68 and a beta of 0.94.

Gartner (NYSE:IT) last posted its quarterly earnings results on Tuesday, August 4th. The information technology services provider reported $4.37 earnings per share for the quarter, beating the consensus estimate of $3.76 by $0.61. The firm had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.65 billion. Gartner had a net margin of 11.99% and a return on equity of 525.46%. The business’s revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.53 earnings per share. Gartner has set its FY 2026 guidance at 14.000- EPS. As a group, analysts predict that Gartner, Inc. will post 14.42 EPS for the current year.

About Gartner

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.