Freestone Grove Partners LP Makes New Investment in Gartner, Inc. $IT

Key Points

• Freestone Grove Partners initiated a Gartner position of 11,805 shares valued at approximately $1.53 million, while institutional investors and hedge funds collectively own 91.51% of the company.
• Gartner exceeded quarterly expectations, reporting $4.37 EPS versus the $3.76 consensus and $1.68 billion in revenue, although revenue declined 0.6% year over year.
• Analysts maintain a consensus “Hold” rating with a $187.30 price target, below the stock’s reported $198.22 price; insiders sold 2,765 shares worth about $528,731 over the past three months.

Freestone Grove Partners LP purchased a new position in Gartner, Inc. (NYSE:IT - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,805 shares of the information technology services provider's stock, valued at approximately $1,530,000.

Other large investors also recently modified their holdings of the company. BlackRock Inc. acquired a new stake in Gartner in the second quarter worth about $676,246,000. Capital International Investors lifted its stake in shares of Gartner by 28.3% in the 4th quarter. Capital International Investors now owns 4,004,093 shares of the information technology services provider's stock worth $1,010,153,000 after acquiring an additional 884,250 shares during the period. State Street Corp boosted its holdings in shares of Gartner by 2.8% in the third quarter. State Street Corp now owns 3,510,206 shares of the information technology services provider's stock valued at $922,728,000 after acquiring an additional 96,809 shares in the last quarter. Independent Franchise Partners LLP boosted its holdings in shares of Gartner by 3.5% in the fourth quarter. Independent Franchise Partners LLP now owns 3,308,566 shares of the information technology services provider's stock valued at $834,685,000 after acquiring an additional 112,439 shares in the last quarter. Finally, Morgan Stanley increased its stake in shares of Gartner by 5.8% during the fourth quarter. Morgan Stanley now owns 2,495,575 shares of the information technology services provider's stock valued at $629,585,000 after acquiring an additional 136,233 shares during the period. 91.51% of the stock is owned by institutional investors and hedge funds.

Gartner Stock Up 0.8%

IT stock opened at $198.22 on Friday. Gartner, Inc. has a 12 month low of $124.25 and a 12 month high of $265.85. The firm has a market cap of $12.52 billion, a PE ratio of 17.78, a P/E/G ratio of 0.68 and a beta of 0.94. The firm has a 50 day simple moving average of $157.78 and a 200 day simple moving average of $156.26. The company has a debt-to-equity ratio of 46.98, a current ratio of 0.88 and a quick ratio of 0.88.

Gartner (NYSE:IT - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The information technology services provider reported $4.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.76 by $0.61. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.65 billion. Gartner had a net margin of 11.99% and a return on equity of 525.46%. The firm's quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.53 earnings per share. Gartner has set its FY 2026 guidance at 14.000- EPS. Equities research analysts forecast that Gartner, Inc. will post 14.42 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. UBS Group upped their target price on Gartner from $164.00 to $196.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 5th. Truist Financial set a $205.00 price target on Gartner in a research report on Wednesday, August 5th. Royal Bank Of Canada lifted their price target on Gartner from $160.00 to $164.00 and gave the company a "sector perform" rating in a research report on Wednesday, August 5th. Wells Fargo & Company boosted their price objective on Gartner from $120.00 to $150.00 and gave the stock an "underweight" rating in a research note on Wednesday, August 5th. Finally, Zacks Research upgraded Gartner from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $187.30.

Insider Transactions at Gartner

In other news, EVP Yvonne Genovese sold 1,205 shares of the firm's stock in a transaction on Monday, August 10th. The stock was sold at an average price of $190.06, for a total transaction 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 trade represents a 16.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Anne Sutherland Fuchs sold 860 shares of Gartner stock in a transaction on Friday, August 7th. The stock was sold at an average price of $184.30, for a total value of $158,498.00. Following the completion of the transaction, the director owned 8,097 shares in the company, valued at $1,492,277.10. The trade was a 9.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 2,765 shares of company stock valued at $528,731 in the last three months. 2.60% of the stock is currently owned by corporate 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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