Gartner, Inc. $IT Shares Bought by Capital Fund Management S.A.

Key Points

• Capital Fund Management S.A. significantly increased its stake in Gartner, Inc. by 234.2% during the first quarter, now owning approximately $19.29 million worth of the company's stock.
• Multiple analysts have revised their target prices for Gartner, with Barclays, Wells Fargo, and UBS all reducing their price targets to between $225.00 and $320.00, amidst shifts in market sentiment.
• Gartner's latest earnings report revealed an EPS of $3.53, exceeding expectations, while revenue showed a year-over-year increase of 5.7%.

Capital Fund Management S.A. raised its position in Gartner, Inc. (NYSE:IT - Free Report) by 234.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,949 shares of the information technology services provider's stock after purchasing an additional 32,202 shares during the period. Capital Fund Management S.A. owned 0.06% of Gartner worth $19,287,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. GAMMA Investing LLC grew its position in shares of Gartner by 40,841.0% in the 1st quarter. GAMMA Investing LLC now owns 499,071 shares of the information technology services provider's stock valued at $209,480,000 after buying an additional 497,852 shares during the last quarter. Nuveen LLC purchased a new position in shares of Gartner in the 1st quarter valued at $128,318,000. BNP Paribas Financial Markets grew its position in shares of Gartner by 184.6% in the 4th quarter. BNP Paribas Financial Markets now owns 390,472 shares of the information technology services provider's stock valued at $189,172,000 after buying an additional 253,288 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Gartner by 20.5% in the 1st quarter. JPMorgan Chase & Co. now owns 1,245,563 shares of the information technology services provider's stock valued at $522,813,000 after buying an additional 211,842 shares during the last quarter. Finally, Millennium Management LLC grew its position in shares of Gartner by 178.0% in the 4th quarter. Millennium Management LLC now owns 297,277 shares of the information technology services provider's stock valued at $144,022,000 after buying an additional 190,326 shares during the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

Gartner Stock Performance

Shares of IT stock traded up $0.32 during mid-day trading on Tuesday, hitting $241.79. The stock had a trading volume of 392,901 shares, compared to its average volume of 823,236. 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 cap of $18.31 billion, a PE ratio of 14.87 and a beta of 1.19. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.11 and a quick ratio of 1.11. The company's 50-day simple moving average is $335.89 and its 200-day simple moving average is $404.56.

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

Wall Street Analysts Forecast Growth

A number of research firms recently commented on IT. Barclays dropped their target price on shares of Gartner from $475.00 to $320.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 6th. BMO Capital Markets dropped their target price 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 lowered 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 lowered 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, UBS Group reissued a "neutral" rating and set a $270.00 price objective (down from $480.00) on shares of Gartner in a research 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 data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $369.25.

Insider Buying and Selling

In related news, Director Jose M. Gutierrez acquired 417 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The shares were purchased at an average price of $239.80 per share, with a total value of $99,996.60. Following the completion of the acquisition, the director owned 2,080 shares in the company, valued at approximately $498,784. This represents a 25.08% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 3.60% of the company's stock.

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.