3,909 Shares in Gartner, Inc. $IT Acquired by Johnson Financial Group Inc.

Johnson Financial Group Inc. purchased a new stake in shares of Gartner, Inc. (NYSE:IT) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 3,909 shares of the information technology services provider’s stock, valued at approximately $507,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Laurus Global Equity Management Inc. increased its position in Gartner by 135.0% during the fourth quarter. Laurus Global Equity Management Inc. now owns 34,260 shares of the information technology services provider’s stock worth $8,643,000 after buying an additional 19,680 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in Gartner in the 2nd quarter worth approximately $2,872,000. Plato Investment Management Ltd increased its position in Gartner by 293.4% during the fourth quarter. Plato Investment Management Ltd now owns 9,002 shares of the information technology services provider’s stock worth $2,282,000 after acquiring an additional 6,714 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in shares of Gartner during the fourth quarter valued at about $3,318,000. Finally, Wedge Capital Management L L P NC raised its holdings in Gartner by 34.1% in the 2nd quarter. Wedge Capital Management L L P NC now owns 54,196 shares of the information technology services provider’s stock valued at $7,025,000 after acquiring an additional 13,776 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Gartner Stock Performance

Shares of IT opened at $193.18 on Thursday. The firm has a market cap of $12.20 billion, a P/E ratio of 17.33, a PEG ratio of 0.60 and a beta of 0.94. Gartner, Inc. has a twelve month low of $124.25 and a twelve month high of $265.85. The firm’s 50 day moving average price is $149.70 and its two-hundred day moving average price is $154.98. The company has a debt-to-equity ratio of 46.98, a quick ratio of 0.88 and a current ratio of 0.88.

Gartner (NYSE:IT) last released its earnings results on Tuesday, August 4th. The information technology services provider reported $4.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.76 by $0.61. The firm had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Gartner had a return on equity of 525.46% and a net margin of 11.99%.The company’s revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.53 EPS. Gartner has set its FY 2026 guidance at 14.000- EPS. On average, analysts forecast that Gartner, Inc. will post 14.44 EPS for the current fiscal year.

Insider Buying and Selling at Gartner

In related news, EVP Yvonne Genovese sold 1,205 shares of the stock in a transaction on Monday, August 10th. The shares were sold at an average price of $190.06, for a total transaction of $229,022.30. Following the completion of the transaction, the executive vice president owned 6,208 shares in the company, valued at approximately $1,179,892.48. This represents a 16.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Anne Sutherland Fuchs sold 860 shares of the stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $184.30, for a total transaction of $158,498.00. Following the transaction, the director owned 8,097 shares of the company’s stock, valued at approximately $1,492,277.10. This represents a 9.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 2.60% of the company’s stock.

Analysts Set New Price Targets

IT has been the subject of a number of recent research reports. Truist Financial set a $205.00 price objective on shares of Gartner in a research note on Wednesday, August 5th. UBS Group lifted their price objective on Gartner from $164.00 to $196.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Royal Bank Of Canada upped their target price on shares of Gartner from $160.00 to $164.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 5th. Wells Fargo & Company upped their price target on Gartner from $120.00 to $150.00 and gave the company an “underweight” rating in a research note on Wednesday, August 5th. Finally, Morgan Stanley set a $177.00 price objective on shares of Gartner in a report on Wednesday, August 5th. One equities research 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 issued a Sell rating to the stock. Based on data from MarketBeat, Gartner currently has an average rating of “Hold” and an average price target of $187.30.

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.