Amundi Sells 39,759 Shares of Gartner, Inc. $IT

Key Points

• Amundi reduced its Gartner stake by 8.3% in the second quarter, selling 39,759 shares and retaining 440,492 shares valued at approximately $57.1 million. Institutional investors collectively own 91.51% of the company.
• Gartner reported quarterly adjusted EPS of $4.37, exceeding analysts’ $3.76 estimate, while revenue reached $1.68 billion. Revenue declined 0.6% year over year, and the company issued fiscal 2026 EPS guidance of $14.00.
• Gartner shares opened at $170.42, below the analyst consensus price target of $187.30. The stock has a consensus “Hold” rating, while company insiders sold 6,043 shares worth about $1.17 million over the past 90 days.

Amundi cut its stake in shares of Gartner, Inc. (NYSE:IT - Free Report) by 8.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 440,492 shares of the information technology services provider's stock after selling 39,759 shares during the period. Amundi owned about 0.70% of Gartner worth $57,097,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Cresset Asset Management LLC lifted its position in shares of Gartner by 3.3% during the third quarter. Cresset Asset Management LLC now owns 1,493 shares of the information technology services provider's stock valued at $392,000 after purchasing an additional 47 shares in the last quarter. Brown Brothers Harriman & Co. increased its position in shares of Gartner by 5.8% during the third quarter. Brown Brothers Harriman & Co. now owns 1,019 shares of the information technology services provider's stock valued at $268,000 after acquiring an additional 56 shares during the last quarter. Valeo Financial Advisors LLC lifted its holdings in Gartner by 8.8% during the fourth quarter. Valeo Financial Advisors LLC now owns 839 shares of the information technology services provider's stock worth $212,000 after acquiring an additional 68 shares during the period. Mufg Securities Americas Inc. lifted its holdings in Gartner by 3.5% during the second quarter. Mufg Securities Americas Inc. now owns 2,017 shares of the information technology services provider's stock worth $261,000 after acquiring an additional 68 shares during the period. Finally, Parallel Advisors LLC boosted its position in Gartner by 10.7% in the third quarter. Parallel Advisors LLC now owns 724 shares of the information technology services provider's stock worth $190,000 after purchasing an additional 70 shares during the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Gartner news, EVP Akhil Jain sold 700 shares of Gartner 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 completion of the transaction, the executive vice president owned 8,130 shares of the company's stock, valued at $1,640,064.90. The trade was a 7.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Robin Kranich sold 3,278 shares of the company's stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $196.50, for a total value of $644,127.00. Following the sale, the executive vice president owned 20,358 shares in the company, valued at approximately $4,000,347. This represents a 13.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 6,043 shares of company stock worth $1,172,858 in the last 90 days. 2.60% of the stock is owned by company insiders.

Gartner Stock Performance

Shares of IT stock opened at $170.42 on Friday. The firm's 50 day moving average is $167.29 and its 200 day moving average is $157.90. The stock has a market capitalization of $10.76 billion, a P/E ratio of 15.28, a PEG ratio of 0.64 and a beta of 0.96. Gartner, Inc. has a 12 month low of $124.25 and a 12 month high of $265.85. 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 (NYSE:IT - Get Free Report) last issued its earnings results on Tuesday, August 4th. The information technology services provider reported $4.37 earnings per share (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 for the quarter, compared to analysts' expectations of $1.65 billion. During the same quarter in the previous year, the firm posted $3.53 EPS. The business's revenue for the quarter was down .6% compared to the same quarter last year. Gartner has set its FY 2026 guidance at 14.000- EPS. On average, sell-side analysts anticipate that Gartner, Inc. will post 14.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on IT. Truist Financial set a $205.00 price objective on Gartner in a research note on Wednesday, August 5th. Wells Fargo & Company increased their price target on shares of Gartner from $120.00 to $150.00 and gave the company an "underweight" rating in a research report on Wednesday, August 5th. Morgan Stanley set a $177.00 price objective on shares of Gartner in a research report on Wednesday, August 5th. UBS Group reissued a "neutral" rating and set a $196.00 target price on shares of Gartner in a research report on Thursday. 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 research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Gartner presently has a consensus rating of "Hold" and a consensus target price of $187.30.

Gartner Profile

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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