Canada Pension Plan Investment Board Invests $8.04 Million in Gartner, Inc. $IT

Canada Pension Plan Investment Board acquired a new position in shares of Gartner, Inc. (NYSE:IT) in the 2nd quarter, HoldingsChannel reports. The fund acquired 62,017 shares of the information technology services provider’s stock, valued at approximately $8,039,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of IT. Legal & General Group Plc bought a new position in Gartner in the 2nd quarter worth $28,047,000. The Manufacturers Life Insurance Company bought a new stake in Gartner during the second quarter valued at about $6,359,000. L2 Asset Management LLC acquired a new stake in shares of Gartner in the second quarter valued at about $1,142,000. OMERS ADMINISTRATION Corp acquired a new stake in shares of Gartner in the second quarter valued at about $666,000. Finally, Sanctuary Advisors LLC bought a new position in shares of Gartner in the second quarter worth about $646,000. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on IT shares. Royal Bank Of Canada boosted their price objective on 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 raised their target price on Gartner from $120.00 to $150.00 and gave the company an “underweight” rating in a report on Wednesday, August 5th. Morgan Stanley set a $177.00 price target on Gartner in a research report on Wednesday, August 5th. Zacks Research upgraded Gartner from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Finally, The Goldman Sachs Group increased their price objective on Gartner from $162.00 to $181.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Gartner currently has an average rating of “Hold” and a consensus price target of $187.30.

Gartner Stock Performance

NYSE:IT opened at $198.22 on Friday. The firm’s 50-day moving average is $157.78 and its 200-day moving average is $156.26. Gartner, Inc. has a 52-week low of $124.25 and a 52-week 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 company has a market cap of $12.52 billion, a price-to-earnings ratio of 17.78, a PEG ratio of 0.68 and a beta of 0.94.

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

Insider Activity at Gartner

In other news, Director Anne Sutherland Fuchs sold 860 shares of the business’s stock in a transaction that occurred 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 sale, the director directly owned 8,097 shares in the company, valued at approximately $1,492,277.10. The trade was a 9.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Yvonne Genovese sold 1,205 shares of the company’s 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 completion of the transaction, the executive vice president owned 6,208 shares of the company’s stock, valued at $1,179,892.48. The trade was a 16.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 2,765 shares of company stock worth $528,731 over the last three months. Company insiders own 2.60% of the company’s stock.

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.