395,477 Shares in Gartner, Inc. $IT Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp bought a new stake in Gartner, Inc. (NYSE:IT - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm bought 395,477 shares of the information technology services provider's stock, valued at approximately $51,262,000. Bank of New York Mellon Corp owned about 0.59% of Gartner at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of IT. DV Equities LLC bought a new stake in shares of Gartner during the fourth quarter valued at approximately $25,000. Entrust Financial LLC bought a new position in shares of Gartner in the fourth quarter valued at approximately $26,000. Bell Investment Advisors Inc raised its stake in shares of Gartner by 75.5% in 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 during the last quarter. Elyxium Wealth LLC acquired a new position in shares of Gartner in the 4th quarter worth approximately $28,000. Finally, Activest Wealth Management boosted its holdings in shares of Gartner by 11,600.0% in the 4th quarter. Activest Wealth Management now owns 117 shares of the information technology services provider's stock worth $30,000 after acquiring an additional 116 shares in the last quarter. Institutional investors own 91.51% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on IT. Morgan Stanley set a $177.00 price target on shares of Gartner in a research report on Wednesday, August 5th. UBS Group raised their price objective on shares of Gartner from $164.00 to $196.00 and gave the company a "neutral" rating in a research report on Wednesday, August 5th. 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 note on Wednesday, August 5th. Weiss Ratings upgraded shares of Gartner from a "sell (d)" rating to a "sell (d+)" rating in a research report on Thursday, August 13th. Finally, Truist Financial set a $205.00 price target on shares of Gartner in a research note on Wednesday, August 5th. One 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 given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $187.30.

Gartner Trading Up 1.7%

NYSE:IT opened at $196.26 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 46.98. Gartner, Inc. has a 1-year low of $124.25 and a 1-year high of $265.85. The firm has a market capitalization of $12.39 billion, a price-to-earnings ratio of 17.60, a PEG ratio of 0.67 and a beta of 0.94. The business's 50-day moving average price is $156.37 and its two-hundred day moving average price is $155.97.

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 net margin of 11.99% and a return on equity of 525.46%. The company had revenue of $1.68 billion for the quarter, compared to analysts' expectations of $1.65 billion. During the same period last year, the firm posted $3.53 earnings per share. The business's quarterly revenue was down .6% compared to the same quarter last year. Gartner has set its FY 2026 guidance at 14.000- EPS. On average, equities analysts expect that Gartner, Inc. will post 14.42 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Akhil Jain sold 700 shares of the firm's stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $201.73, for a total transaction of $141,211.00. Following the sale, the executive vice president owned 8,130 shares of the company's stock, valued at $1,640,064.90. This trade represents a 7.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Anne Sutherland Fuchs sold 860 shares of Gartner stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $184.30, for a total value of $158,498.00. Following 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 disclosure for this sale is available in the SEC filing. Insiders sold 2,765 shares of company stock worth $528,731 over the last ninety days. 2.60% of the stock is currently owned by corporate insiders.

About Gartner

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.

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