3,156 Shares in Gartner, Inc. $IT Purchased by Westpac Banking Corp

Westpac Banking Corp purchased a new stake in shares of Gartner, Inc. (NYSE:IT) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,156 shares of the information technology services provider’s stock, valued at approximately $409,000.

Other large investors have also added to or reduced their stakes in the company. Physician Wealth Advisors Inc. raised its position in Gartner by 143.9% in the fourth quarter. Physician Wealth Advisors Inc. now owns 100 shares of the information technology services provider’s stock worth $25,000 after acquiring an additional 59 shares during the period. DV Equities LLC bought a new position in shares of Gartner during the 4th quarter valued at approximately $25,000. Rakuten Securities Inc. grew its position in shares of Gartner by 1,980.0% during the 4th quarter. Rakuten Securities Inc. now owns 104 shares of the information technology services provider’s stock valued at $26,000 after acquiring an additional 99 shares during the period. Entrust Financial LLC purchased a new stake in shares of Gartner during the 4th quarter worth approximately $26,000. Finally, Bell Investment Advisors Inc increased its stake in shares of Gartner by 75.5% during the 1st 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 last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Yvonne Genovese sold 1,205 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $190.06, for a total value of $229,022.30. Following the completion of the transaction, the executive vice president directly owned 6,208 shares of the company’s stock, valued at $1,179,892.48. This trade represents a 16.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Anne Sutherland Fuchs sold 860 shares of Gartner stock in a transaction on Friday, August 7th. The shares were sold at an average price of $184.30, for a total value of $158,498.00. Following the completion of the transaction, the director owned 8,097 shares of the company’s stock, valued at approximately $1,492,277.10. This trade represents a 9.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 2.60% of the company’s stock.

Gartner Price Performance

IT opened at $195.92 on Friday. The firm has a 50-day moving average price of $151.55 and a 200-day moving average price of $155.15. Gartner, Inc. has a twelve month low of $124.25 and a twelve month high of $265.85. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 46.98. The company has a market capitalization of $12.37 billion, a price-to-earnings ratio of 17.57, a PEG ratio of 0.65 and a beta of 0.94.

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

Analyst Ratings Changes

Several equities analysts recently commented on IT shares. Wells Fargo & Company upped their price objective on Gartner from $120.00 to $150.00 and gave the company an “underweight” rating in a research note on Wednesday, August 5th. Royal Bank Of Canada raised their target price on Gartner from $160.00 to $164.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 5th. BMO Capital Markets lowered their target price on Gartner from $214.00 to $206.00 and set a “market perform” rating on the stock in a research note on Tuesday, August 18th. Morgan Stanley set a $177.00 price target on Gartner in a research report on Wednesday, August 5th. Finally, The Goldman Sachs Group increased their price target on Gartner from $162.00 to $181.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $187.30.

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.