AG2R LA Mondiale Gestion D Actifs Purchases New Holdings in Gartner, Inc. $IT

Key Points

• AG2R LA Mondiale Gestion D Actifs has acquired a new stake in Gartner, Inc., purchasing 3,086 shares valued at approximately $1,347,000 in the first quarter of the year.
• Institutions like Vanguard, JP Morgan, and T. Rowe Price have also increased their holdings, indicating a significant interest in Gartner's stock, with over 91.51% of shares owned by institutional investors.
• Gartner reported earnings per share of $3.53 for the last quarter, surpassing expectations, and set guidance for FY 2025 at 11.750 EPS, while analysts maintain a consensus rating of "Hold".

AG2R LA Mondiale Gestion D Actifs purchased a new stake in shares of Gartner, Inc. (NYSE:IT - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 3,086 shares of the information technology services provider's stock, valued at approximately $1,347,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. increased its position in shares of Gartner by 1.8% during the first quarter. Vanguard Group Inc. now owns 9,433,449 shares of the information technology services provider's stock valued at $3,959,596,000 after acquiring an additional 164,810 shares during the last quarter. Generation Investment Management LLP increased its position in shares of Gartner by 16.5% during the first quarter. Generation Investment Management LLP now owns 1,341,342 shares of the information technology services provider's stock valued at $563,015,000 after acquiring an additional 189,514 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Gartner by 20.5% during the first quarter. JPMorgan Chase & Co. now owns 1,245,563 shares of the information technology services provider's stock valued at $522,813,000 after acquiring an additional 211,842 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its position in shares of Gartner by 692.2% during the first quarter. T. Rowe Price Investment Management Inc. now owns 1,066,732 shares of the information technology services provider's stock valued at $447,751,000 after acquiring an additional 932,077 shares during the last quarter. Finally, Northern Trust Corp increased its position in shares of Gartner by 11.0% during the first quarter. Northern Trust Corp now owns 1,006,655 shares of the information technology services provider's stock valued at $422,533,000 after acquiring an additional 99,822 shares during the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

Gartner Price Performance

NYSE:IT opened at $247.40 on Friday. The firm has a market capitalization of $18.74 billion, a price-to-earnings ratio of 15.22 and a beta of 1.20. Gartner, Inc. has a 52-week low of $223.65 and a 52-week high of $584.01. The stock has a fifty day moving average of $292.34 and a 200 day moving average of $379.54. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.11 and a current ratio of 1.11.

Gartner (NYSE:IT - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The information technology services provider reported $3.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.38 by $0.15. The company had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.68 billion. Gartner had a return on equity of 82.63% and a net margin of 19.71%.The firm's quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the company earned $3.22 earnings per share. Gartner has set its FY 2025 guidance at 11.750- EPS. On average, research analysts expect that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Insider Buying and Selling at Gartner

In other Gartner news, SVP John J. Rinello sold 105 shares of Gartner stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $249.71, for a total transaction of $26,219.55. Following the completion of the sale, the senior vice president owned 3,225 shares of the company's stock, valued at $805,314.75. The trade was a 3.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jose M. Gutierrez purchased 417 shares of the company's stock in a transaction on Monday, August 18th. The shares were purchased at an average cost of $239.80 per share, with a total value of $99,996.60. Following the purchase, the director owned 2,080 shares of the company's stock, valued at approximately $498,784. The trade was a 25.08% increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

IT has been the subject of a number of recent research reports. The Goldman Sachs Group decreased their target price on Gartner from $535.00 to $457.00 and set a "buy" rating for the company in a research report on Wednesday, August 6th. BMO Capital Markets decreased their target price on Gartner from $409.00 to $272.00 and set a "market perform" rating for the company in a research report on Wednesday, August 6th. Morgan Stanley decreased their target price on Gartner from $455.00 to $322.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 6th. UBS Group reissued a "neutral" rating and issued a $270.00 target price (down from $480.00) on shares of Gartner in a research report on Wednesday, August 6th. Finally, Wolfe Research initiated coverage on Gartner in a research report on Wednesday, September 3rd. They issued a "peer perform" rating for the company. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Gartner currently has an average rating of "Hold" and a consensus price target of $357.44.

Gartner Company Profile

Gartner, Inc operates as a research and advisory company in the United States, Canada, Europe, the Middle East, Africa, and internationally. It operates through three segments: Research, Conferences, and Consulting. The Research segment delivers its research primarily through a subscription service that include on-demand access to published research content, data and benchmarks, and direct access to a network of research experts.

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