Evolve Private Wealth LLC Makes New $579,000 Investment in Gartner, Inc. $IT

Evolve Private Wealth LLC bought a new position in Gartner, Inc. (NYSE:IT) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 4,469 shares of the information technology services provider’s stock, valued at approximately $579,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Physician Wealth Advisors Inc. lifted its holdings in shares of Gartner by 143.9% during the 4th quarter. Physician Wealth Advisors Inc. now owns 100 shares of the information technology services provider’s stock valued at $25,000 after buying an additional 59 shares during the last quarter. DV Equities LLC acquired a new position in Gartner in the fourth quarter worth approximately $25,000. Entrust Financial LLC bought a new position in Gartner during the fourth quarter valued at approximately $26,000. Bell Investment Advisors Inc raised its position in Gartner by 75.5% during the first quarter. Bell Investment Advisors Inc now owns 172 shares of the information technology services provider’s stock valued at $27,000 after acquiring an additional 74 shares in the last quarter. Finally, Elyxium Wealth LLC acquired a new stake in Gartner in the fourth quarter valued at approximately $28,000. 91.51% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Gartner Stock Up 3.5%

IT opened at $202.70 on Tuesday. The business has a 50 day moving average price of $152.74 and a 200 day moving average price of $155.13. Gartner, Inc. has a twelve month low of $124.25 and a twelve month high of $265.85. The company has a debt-to-equity ratio of 46.98, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a market cap of $12.80 billion, a P/E ratio of 18.18, a price-to-earnings-growth ratio of 0.68 and a beta of 0.94.

Gartner (NYSE:IT) last announced 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. Gartner had a return on equity of 525.46% and a net margin of 11.99%.The firm had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter in the prior year, the business earned $3.53 earnings per share. The company’s revenue was down .6% on a year-over-year basis. Gartner has set its FY 2026 guidance at 14.000- EPS. Research analysts forecast that Gartner, Inc. will post 14.42 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have commented on IT. The Goldman Sachs Group boosted their target price on shares of Gartner from $162.00 to $181.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Royal Bank Of Canada raised their price target on shares of Gartner from $160.00 to $164.00 and gave the company a “sector perform” rating in a report on Wednesday, August 5th. BMO Capital Markets reduced their price objective on shares of Gartner from $214.00 to $206.00 and set a “market perform” rating for the company in a research note on Tuesday, August 18th. UBS Group upped their price objective on shares of Gartner from $164.00 to $196.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Finally, Truist Financial set a $205.00 target price on shares of Gartner in a research report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus 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.