Board of the Pension Protection Fund Sells 1,500 Shares of Gartner, Inc. $IT

Key Points

• The Board of the Pension Protection Fund has significantly reduced its holdings in Gartner, Inc., selling 1,500 shares and now owning just 400 shares, a decrease of 78.9%.
• Several institutional investors have increased their stakes in Gartner during the second quarter, with notable increases from Vanguard Personalized Indexing Management LLC and Callan Family Office LLC, reflecting strong interest in the company's stock.
• Analysts have mixed views on Gartner, with target prices significantly varying; for instance, BMO Capital Markets lowered its target from $409.00 to $272.00, while Morgan Stanley also adjusted its target downward to $322.00.

Board of the Pension Protection Fund decreased its holdings in shares of Gartner, Inc. (NYSE:IT - Free Report) by 78.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 400 shares of the information technology services provider's stock after selling 1,500 shares during the period. Board of the Pension Protection Fund's holdings in Gartner were worth $162,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Personalized Indexing Management LLC raised its holdings in Gartner by 1.7% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 8,474 shares of the information technology services provider's stock worth $3,427,000 after purchasing an additional 140 shares during the period. Apollon Wealth Management LLC raised its position in shares of Gartner by 4.2% during the second quarter. Apollon Wealth Management LLC now owns 965 shares of the information technology services provider's stock worth $390,000 after purchasing an additional 39 shares during the period. IFP Advisors Inc raised its holdings in Gartner by 103.3% during the 2nd quarter. IFP Advisors Inc now owns 681 shares of the information technology services provider's stock worth $275,000 after buying an additional 346 shares during the period. Callan Family Office LLC raised its holdings in shares of Gartner by 145.7% during the second quarter. Callan Family Office LLC now owns 2,462 shares of the information technology services provider's stock worth $995,000 after acquiring an additional 1,460 shares during the period. Finally, Copperwynd Financial LLC raised its stake in shares of Gartner by 6.9% in the 2nd quarter. Copperwynd Financial LLC now owns 2,332 shares of the information technology services provider's stock valued at $943,000 after purchasing an additional 150 shares during the period. 91.51% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. BMO Capital Markets dropped their target price on Gartner from $409.00 to $272.00 and set a "market perform" rating on the stock in a research report on Wednesday, August 6th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Gartner in a research note on Wednesday. Royal Bank Of Canada initiated coverage on Gartner in a report on Tuesday, September 9th. They issued a "sector perform" rating and a $263.00 price objective for the company. Wolfe Research began coverage on shares of Gartner in a research note on Wednesday, September 3rd. They issued a "peer perform" rating for the company. Finally, Morgan Stanley reduced their price target on Gartner from $455.00 to $322.00 and set an "equal weight" rating for the company in a report on Wednesday, August 6th. Three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $358.56.

Gartner Price Performance

NYSE:IT opened at $239.66 on Friday. Gartner, Inc. has a 52 week low of $223.65 and a 52 week high of $584.01. The firm's 50-day simple moving average is $248.97 and its 200 day simple moving average is $350.95. The firm has a market cap of $18.15 billion, a price-to-earnings ratio of 14.75 and a beta of 1.20. 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 issued its quarterly earnings results on Tuesday, August 5th. The information technology services provider reported $3.53 EPS for the quarter, topping analysts' consensus estimates of $3.38 by $0.15. Gartner had a return on equity of 82.63% and a net margin of 19.71%.The company had revenue of $1.66 billion for the quarter, compared to analysts' expectations of $1.68 billion. During the same quarter last year, the business earned $3.22 earnings per share. Gartner's revenue was up 5.7% on a year-over-year basis. Gartner has set its FY 2025 guidance at 11.750- EPS. As a group, sell-side analysts predict that Gartner, Inc. will post 12.5 earnings per share for the current year.

Insider Buying and Selling at Gartner

In other Gartner news, Director Jose M. Gutierrez purchased 417 shares of the firm's stock in a transaction dated Monday, August 18th. The shares were bought at an average price of $239.80 per share, for a total transaction of $99,996.60. Following the purchase, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP John J. Rinello sold 105 shares of Gartner 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 transaction, the senior vice president owned 3,225 shares in the company, valued at approximately $805,314.75. This represents a 3.15% decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.30% of the company's stock.

Gartner 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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