Canada Pension Plan Investment Board Purchases New Stake in Gartner, Inc. $IT

Key Points

• Canada Pension Plan Investment Board acquired 62,017 Gartner shares worth approximately $8.0 million, joining institutional investors that collectively own 91.51% of the company.
• Analyst sentiment remains mixed, with Gartner carrying a consensus rating of “Hold” and an average price target of $187.30; targets range from $150 to $177 among recent analysts cited.
• Gartner exceeded quarterly expectations with $4.37 in adjusted EPS versus $3.76 expected and $1.68 billion in revenue, although revenue declined 0.6% year over year. The stock recently traded at $198.22, while insiders sold about $528,731 of shares over the past three months.

Canada Pension Plan Investment Board acquired a new position in Gartner, Inc. (NYSE:IT - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 62,017 shares of the information technology services provider's stock, valued at approximately $8,039,000. Canada Pension Plan Investment Board owned approximately 0.09% of Gartner at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. DV Equities LLC acquired a new position in shares of Gartner in the 4th quarter valued at about $25,000. Entrust Financial LLC acquired a new stake in shares of Gartner during the fourth quarter worth approximately $26,000. Bell Investment Advisors Inc boosted its holdings in shares of Gartner by 75.5% during the first quarter. Bell Investment Advisors Inc now owns 172 shares of the information technology services provider's stock worth $27,000 after purchasing an additional 74 shares during the period. Elyxium Wealth LLC purchased a new position in Gartner during the fourth quarter valued at approximately $28,000. Finally, Activest Wealth Management increased its stake in Gartner by 11,600.0% in the 4th quarter. Activest Wealth Management now owns 117 shares of the information technology services provider's stock valued at $30,000 after buying an additional 116 shares during the period. Hedge funds and other institutional investors own 91.51% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on IT shares. Morgan Stanley set a $177.00 target price on shares of Gartner in a research report on Wednesday, August 5th. Weiss Ratings upgraded shares of Gartner from a "sell (d)" rating to a "sell (d+)" rating in a report on Thursday, August 13th. Zacks Research raised shares of Gartner from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 6th. Wells Fargo & Company increased their price objective on Gartner from $120.00 to $150.00 and gave the stock an "underweight" rating in a report on Wednesday, August 5th. Finally, Royal Bank Of Canada lifted their price objective on Gartner from $160.00 to $164.00 and gave the company a "sector perform" rating in a research report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Gartner has an average rating of "Hold" and a consensus target price of $187.30.

Gartner Stock Performance

IT stock opened at $198.22 on Friday. The firm has a 50 day moving average of $157.78 and a two-hundred day moving average of $156.26. Gartner, Inc. has a 12 month low of $124.25 and a 12 month high of $265.85. The company has a market capitalization of $12.52 billion, a price-to-earnings ratio of 17.78, a P/E/G ratio of 0.68 and a beta of 0.94. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 46.98.

Gartner (NYSE:IT - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The information technology services provider reported $4.37 earnings per share 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 the consensus estimate of $1.65 billion. During the same quarter last year, the firm earned $3.53 EPS. Gartner's revenue for the quarter was down .6% on a year-over-year basis. Gartner has set its FY 2026 guidance at 14.000- EPS. As a group, equities analysts anticipate that Gartner, Inc. will post 14.42 EPS for the current fiscal year.

Insiders Place Their Bets

In other Gartner news, Director Anne Sutherland Fuchs sold 860 shares of the firm's stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $184.30, for a total transaction of $158,498.00. Following the transaction, the director directly owned 8,097 shares in the company, valued at $1,492,277.10. This trade represents a 9.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Yvonne Genovese sold 1,205 shares of the business's stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $190.06, for a total value of $229,022.30. Following the completion of the sale, the executive vice president directly owned 6,208 shares of the company's stock, valued at $1,179,892.48. This represents a 16.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 2,765 shares of company stock valued at $528,731 over the last three months. 2.60% of the stock is currently owned by insiders.

Gartner Company Profile

Gartner, Inc is a global research and advisory firm that provides insights, advice and tools for leaders in IT, finance, HR, customer service and other business functions. Founded in 1979 and headquartered in Stamford, Connecticut, Gartner specializes in helping organizations make informed decisions about technology, operations and strategy through a combination of published research, advisory services, consulting, executive programs and events.

The company's offerings include proprietary research reports, market forecasts, and analytical frameworks that are widely used by technology buyers and vendors.

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