Asset Management One Co. Ltd. Sells 18,542 Shares of Gartner, Inc. $IT

Asset Management One Co. Ltd. lowered its position in shares of Gartner, Inc. (NYSE:IT - Free Report) by 28.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 46,026 shares of the information technology services provider's stock after selling 18,542 shares during the quarter. Asset Management One Co. Ltd. owned about 0.06% of Gartner worth $18,602,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of IT. Brighton Jones LLC bought a new stake in Gartner during the fourth quarter valued at $309,000. Bartlett & CO. Wealth Management LLC boosted its position in Gartner by 57.5% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 167 shares of the information technology services provider's stock valued at $70,000 after acquiring an additional 61 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in Gartner by 16.0% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,375 shares of the information technology services provider's stock valued at $3,921,000 after acquiring an additional 1,293 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in Gartner by 1.0% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 183,632 shares of the information technology services provider's stock valued at $77,078,000 after acquiring an additional 1,750 shares during the last quarter. Finally, KBC Group NV boosted its position in Gartner by 138.8% during the first quarter. KBC Group NV now owns 36,073 shares of the information technology services provider's stock valued at $15,141,000 after acquiring an additional 20,964 shares during the last quarter. Institutional investors own 91.51% of the company's stock.

Gartner Trading Down 0.2%

IT opened at $250.40 on Friday. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.11 and a quick ratio of 1.11. Gartner, Inc. has a fifty-two week low of $223.65 and a fifty-two week high of $584.01. The firm has a market capitalization of $18.97 billion, a PE ratio of 15.41 and a beta of 1.20. The company's 50-day moving average is $248.73 and its 200 day moving average is $340.05.

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

Analyst Ratings Changes

A number of research firms have recently issued reports on IT. Barclays set a $270.00 price objective on shares of Gartner and gave the stock an "equal weight" rating in a research report on Wednesday. BMO Capital Markets cut their price objective on shares of Gartner from $409.00 to $272.00 and set a "market perform" rating on the stock in a research report on Wednesday, August 6th. Wells Fargo & Company cut their price objective on shares of Gartner from $345.00 to $225.00 and set an "underweight" rating on the stock in a research report on Wednesday, August 6th. The Goldman Sachs Group cut their price objective on shares of Gartner from $535.00 to $457.00 and set a "buy" rating on the stock in a research report on Wednesday, August 6th. Finally, Weiss Ratings cut shares of Gartner from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Saturday. Four investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Gartner has an average rating of "Hold" and a consensus price target of $346.20.

Insider Transactions at Gartner

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

About Gartner

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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