Gartner, Inc. $IT Shares Sold by APG Asset Management N.V.

Key Points

• APG Asset Management N.V. has decreased its stake in Gartner, Inc. by 9.1%, now holding about 86,134 shares worth approximately $33.47 million at the end of the first quarter.
• Additionally, insider trading activity included Director Jose M. Gutierrez purchasing 417 shares at $239.80 each, increasing his ownership in the company by 25.08%.
• Gartner reported a quarterly earnings per share (EPS) of $3.53, surpassing analysts' estimates, while also providing FY 2025 guidance for EPS at 11.750.

APG Asset Management N.V. decreased its stake in Gartner, Inc. (NYSE:IT - Free Report) by 9.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 86,134 shares of the information technology services provider's stock after selling 8,624 shares during the period. APG Asset Management N.V. owned 0.11% of Gartner worth $33,470,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. DAVENPORT & Co LLC boosted its stake in Gartner by 11.5% during the 1st quarter. DAVENPORT & Co LLC now owns 921 shares of the information technology services provider's stock worth $387,000 after purchasing an additional 95 shares during the period. HighPoint Advisor Group LLC boosted its stake in Gartner by 3.6% during the 1st quarter. HighPoint Advisor Group LLC now owns 1,145 shares of the information technology services provider's stock worth $482,000 after purchasing an additional 40 shares during the period. SG Americas Securities LLC boosted its stake in Gartner by 3.6% during the 1st quarter. SG Americas Securities LLC now owns 42,389 shares of the information technology services provider's stock worth $17,792,000 after purchasing an additional 1,484 shares during the period. Brighton Jones LLC acquired a new stake in Gartner during the 4th quarter worth $309,000. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in Gartner by 1.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 28,612 shares of the information technology services provider's stock worth $12,009,000 after purchasing an additional 352 shares during the period. Institutional investors and hedge funds own 91.51% of the company's stock.

Insider Buying and Selling

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

Gartner Trading Up 0.4%

Shares of IT traded up $1.07 during mid-day trading on Thursday, hitting $247.43. The company had a trading volume of 881,426 shares, compared to its average volume of 838,058. The business's 50-day simple moving average is $329.61 and its 200-day simple moving average is $402.36. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.61. Gartner, Inc. has a 1-year low of $223.65 and a 1-year high of $584.01. The stock has a market cap of $18.74 billion, a PE ratio of 15.23 and a beta of 1.19.

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

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Morgan Stanley cut their price objective on shares of Gartner from $455.00 to $322.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 6th. BMO Capital Markets cut their price objective on shares of Gartner from $409.00 to $272.00 and set a "market perform" rating for the company in a research report on Wednesday, August 6th. Barclays cut their price objective on shares of Gartner from $475.00 to $320.00 and set an "overweight" rating for the company in a research report on Wednesday, August 6th. UBS Group restated a "neutral" rating and set a $270.00 price objective (down previously from $480.00) on shares of Gartner in a research report on Wednesday, August 6th. Finally, The Goldman Sachs Group cut their price target on shares of Gartner from $535.00 to $457.00 and set a "buy" rating for the company in a report on Wednesday, August 6th. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $369.25.

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.