Dynamic Technology Lab Private Ltd Raises Stock Position in Gartner, Inc. $IT

Key Points

• Dynamic Technology Lab Private Ltd increased its stake in Gartner, Inc. by 94.9%, acquiring an additional 1,300 shares, bringing its total ownership to 2,670 shares valued at approximately $1.12 million.
• Several hedge funds, including Vanguard Group and T. Rowe Price, have also increased their holdings in Gartner, reflecting strong interest from institutional investors who own 91.51% of the stock.
• Gartner's stock has seen recent downgrades in price targets by multiple analysts, with Barclays reducing its estimate from $475 to $320, while the consensus rating for the stock remains a "Hold."

Dynamic Technology Lab Private Ltd increased its position in Gartner, Inc. (NYSE:IT - Free Report) by 94.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 2,670 shares of the information technology services provider's stock after buying an additional 1,300 shares during the period. Dynamic Technology Lab Private Ltd's holdings in Gartner were worth $1,121,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. DAVENPORT & Co LLC boosted its holdings in shares of Gartner by 11.5% during the 1st quarter. DAVENPORT & Co LLC now owns 921 shares of the information technology services provider's stock valued at $387,000 after purchasing an additional 95 shares during the last quarter. HighPoint Advisor Group LLC boosted its holdings in shares of Gartner by 3.6% during the 1st quarter. HighPoint Advisor Group LLC now owns 1,145 shares of the information technology services provider's stock valued at $482,000 after purchasing an additional 40 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of Gartner by 3.6% during the 1st quarter. SG Americas Securities LLC now owns 42,389 shares of the information technology services provider's stock valued at $17,792,000 after purchasing an additional 1,484 shares during the last quarter. Brighton Jones LLC bought a new position in shares of Gartner during the 4th quarter valued at about $309,000. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Gartner by 1.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 28,612 shares of the information technology services provider's stock valued at $12,009,000 after purchasing an additional 352 shares during the last quarter. Institutional investors own 91.51% of the company's stock.

Gartner Price Performance

Shares of NYSE IT traded up $6.28 during mid-day trading on Friday, hitting $247.40. 2,214,210 shares of the company's stock traded hands, compared to its average volume of 1,281,129. The company's 50-day moving average is $292.34 and its two-hundred day moving average is $379.54. 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 has a market capitalization of $18.74 billion, a P/E ratio of 15.22 and a beta of 1.20. Gartner, Inc. has a 1 year low of $223.65 and a 1 year high of $584.01.

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

Insider Transactions at Gartner

In other news, Director Jose M. Gutierrez acquired 417 shares of Gartner 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 transaction, the director directly owned 2,080 shares of the company's stock, valued at $498,784. This trade represents a 25.08% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, SVP John J. Rinello sold 105 shares of the stock in a transaction dated Friday, August 22nd. The stock was 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 directly owned 3,225 shares in the company, valued at $805,314.75. This trade represents a 3.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on IT shares. Wells Fargo & Company dropped their price objective on shares of Gartner from $345.00 to $225.00 and set an "underweight" rating for the company in a report on Wednesday, August 6th. BMO Capital Markets dropped their price objective on shares of Gartner from $409.00 to $272.00 and set a "market perform" rating for the company in a report on Wednesday, August 6th. Royal Bank Of Canada started coverage on shares of Gartner in a report on Tuesday. They set a "sector perform" rating and a $263.00 price objective for the company. Morgan Stanley dropped their price objective on shares of Gartner from $455.00 to $322.00 and set an "equal weight" rating for the company in a report on Wednesday, August 6th. Finally, UBS Group reissued a "neutral" rating and set a $270.00 price objective (down previously from $480.00) on shares of Gartner in a report on Wednesday, August 6th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $357.44.

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.