Dakota Wealth Management Has $6.86 Million Position in Gartner, Inc. $IT

Key Points

• Dakota Wealth Management increased its stake in Gartner, Inc. by 14.5% during the second quarter, bringing its total holdings to $6.86 million.
• Major institutional investors have significantly increased their positions in Gartner, with T. Rowe Price growing its holdings by 692.2% and GAMMA Investing boosting theirs by 40,841.0% in the first quarter.
• Wall Street analysts have downgraded Gartner's price targets, with recent estimates ranging from $225.00 to $457.00, while the average analyst rating stands at "Hold".

Dakota Wealth Management increased its position in Gartner, Inc. (NYSE:IT - Free Report) by 14.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,958 shares of the information technology services provider's stock after acquiring an additional 2,142 shares during the quarter. Dakota Wealth Management's holdings in Gartner were worth $6,855,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IT. T. Rowe Price Investment Management Inc. grew its holdings in Gartner by 692.2% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,066,732 shares of the information technology services provider's stock valued at $447,751,000 after buying an additional 932,077 shares during the last quarter. GAMMA Investing LLC boosted its holdings in 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 purchasing an additional 497,852 shares during the period. Nuveen LLC bought a new stake in Gartner in the 1st quarter valued at $128,318,000. JPMorgan Chase & Co. boosted its holdings in 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 purchasing an additional 211,842 shares during the period. Finally, Generation Investment Management LLP raised its holdings in Gartner by 16.5% in the 1st quarter. Generation Investment Management LLP now owns 1,341,342 shares of the information technology services provider's stock valued at $563,015,000 after acquiring an additional 189,514 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on IT shares. Wells Fargo & Company decreased their price objective on Gartner from $345.00 to $225.00 and set an "underweight" rating on the stock in a report on Wednesday, August 6th. The Goldman Sachs Group cut their price objective on Gartner from $535.00 to $457.00 and set a "buy" rating for the company in a report on Wednesday, August 6th. Wolfe Research assumed coverage on Gartner in a report on Wednesday, September 3rd. They set a "peer perform" rating for the company. BMO Capital Markets cut their price objective on Gartner from $409.00 to $272.00 and set a "market perform" rating for the company in a report on Wednesday, August 6th. Finally, Morgan Stanley cut their price objective 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 equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Gartner presently has an average rating of "Hold" and a consensus target price of $357.44.

Gartner Price Performance

Shares of IT stock opened at $262.98 on Thursday. The firm has a market capitalization of $19.92 billion, a price-to-earnings ratio of 16.18 and a beta of 1.20. Gartner, Inc. has a 1 year low of $223.65 and a 1 year high of $584.01. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.61. The firm's 50 day moving average is $272.22 and its 200-day moving average is $367.44.

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 for the quarter, topping analysts' consensus estimates of $3.38 by $0.15. The company had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.68 billion. Gartner had a return on equity of 82.63% and a net margin of 19.71%.The firm's quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.22 earnings per share. Gartner has set its FY 2025 guidance at 11.750- EPS. Sell-side analysts forecast that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Insider Activity at Gartner

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

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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