20,791 Shares in Gartner, Inc. $IT Bought by WINTON GROUP Ltd

Key Points

• WINTON GROUP Ltd acquired 20,791 Gartner shares in the second quarter, valued at approximately $2.7 million. Institutional investors own 91.51% of the company.
• Gartner reported quarterly earnings of $4.37 per share, exceeding estimates of $3.76, while revenue reached $1.68 billion. Revenue declined 0.6% year over year.
• Gartner shares recently traded at $179.25, up 5.1%, while analysts maintained a consensus “Hold” rating with an average price target of $187.30; company insiders sold 6,043 shares worth about $1.17 million during the last quarter.

WINTON GROUP Ltd bought a new stake in Gartner, Inc. (NYSE:IT - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 20,791 shares of the information technology services provider's stock, valued at approximately $2,695,000.

Other large investors also recently modified their holdings of the company. Brighton Jones LLC bought a new stake in Gartner during the 4th quarter worth approximately $309,000. Sivia Capital Partners LLC bought a new stake in shares of Gartner during the second quarter worth $336,000. Cresset Asset Management LLC increased its position in shares of Gartner by 15.2% during the second quarter. Cresset Asset Management LLC now owns 1,446 shares of the information technology services provider's stock worth $585,000 after acquiring an additional 191 shares in the last quarter. Sei Investments Co. raised its holdings in shares of Gartner by 9.2% during the second quarter. Sei Investments Co. now owns 91,205 shares of the information technology services provider's stock worth $36,867,000 after acquiring an additional 7,678 shares during the period. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Gartner by 111.5% during the second quarter. The Manufacturers Life Insurance Company now owns 95,301 shares of the information technology services provider's stock worth $38,523,000 after acquiring an additional 50,251 shares during the period. 91.51% of the stock is currently owned by institutional investors.

Gartner Trading Up 5.1%

Shares of NYSE:IT opened at $179.25 on Friday. 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 capitalization of $11.32 billion, a P/E ratio of 16.08, a price-to-earnings-growth ratio of 0.64 and a beta of 0.96. The company has a 50-day simple moving average of $168.16 and a 200 day simple moving average of $158.05.

Gartner (NYSE:IT - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The information technology services provider reported $4.37 earnings per share 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 for the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the previous year, the business earned $3.53 earnings per share. The business's revenue was down .6% compared to the same quarter last year. Gartner has set its FY 2026 guidance at 14.000- EPS. Sell-side analysts forecast that Gartner, Inc. will post 14.39 earnings per share for the current year.

Analyst Upgrades and Downgrades

IT has been the subject of a number of research analyst reports. Truist Financial set a $205.00 target price on shares of Gartner in a research note on Wednesday, August 5th. Zacks Research upgraded Gartner from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 6th. UBS Group reiterated a "neutral" rating and set a $196.00 price objective on shares of Gartner in a report on Thursday. Morgan Stanley set a $177.00 target price on Gartner in a research note on Wednesday, August 5th. Finally, The Goldman Sachs Group raised their price target on shares of Gartner from $162.00 to $181.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $187.30.

Insiders Place Their Bets

In other news, EVP Yvonne Genovese sold 1,205 shares of the stock in a transaction dated 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 directly owned 6,208 shares of the company's stock, valued at $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 Securities & Exchange Commission, which can be accessed through this link. Also, EVP Robin B. Kranich sold 3,278 shares of the firm's stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $196.50, for a total transaction of $644,127.00. Following the sale, the executive vice president owned 20,358 shares of the company's stock, valued at approximately $4,000,347. This represents a 13.87% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 6,043 shares of company stock worth $1,172,858 in the last quarter. Insiders own 2.60% of the company's stock.

About Gartner

Gartner, Inc NYSE: IT is a global research and advisory company that provides independent insights, practical guidance and tools to help organizations make decisions about technology, business strategy and operations. Its clients include businesses, government agencies and other institutions across a wide range of industries and geographies.

The company's primary offerings include subscription-based research, analyst advice, benchmarking data, consulting services and executive programs.

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