Gartner, Inc. $IT Shares Sold by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management B.V. reduced its stake in Gartner, Inc. by 16.6%, selling 3,050 shares during the second quarter, leaving them with holdings worth approximately $6.19 million.
• Institutional investors collectively own 91.51% of Gartner's stock, with multiple hedge funds adjusting their positions in the company recently.
• Gartner reported a quarterly earnings per share (EPS) of $3.53, surpassing analysts' expectations, while also providing future guidance of 11.750 EPS for FY 2025.

Robeco Institutional Asset Management B.V. cut its stake in Gartner, Inc. (NYSE:IT - Free Report) by 16.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,317 shares of the information technology services provider's stock after selling 3,050 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Gartner were worth $6,191,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in IT. Ransom Advisory Ltd purchased a new stake in Gartner during the first quarter worth $29,000. Olde Wealth Management LLC purchased a new stake in shares of Gartner during the 1st quarter worth about $42,000. GW&K Investment Management LLC grew its position in shares of Gartner by 210.8% during the 1st quarter. GW&K Investment Management LLC now owns 115 shares of the information technology services provider's stock valued at $48,000 after acquiring an additional 78 shares during the period. Wayfinding Financial LLC purchased a new position in shares of Gartner in the 1st quarter valued at about $55,000. Finally, Bayforest Capital Ltd raised its holdings in Gartner by 527.3% in the 1st quarter. Bayforest Capital Ltd now owns 138 shares of the information technology services provider's stock worth $58,000 after purchasing an additional 116 shares during the period. Institutional investors and hedge funds own 91.51% of the company's stock.

Insider Activity

In other news, Director Jose M. Gutierrez purchased 417 shares of the business's stock in a transaction dated Monday, August 18th. The stock was acquired at an average price of $239.80 per share, for a total transaction of $99,996.60. Following the acquisition, the director directly owned 2,080 shares of the company's stock, valued at approximately $498,784. This represents a 25.08% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 sale, the senior vice president directly owned 3,225 shares in the company, valued at approximately $805,314.75. The trade was a 3.15% decrease in their position. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by company insiders.

Gartner Price Performance

IT stock opened at $257.78 on Monday. Gartner, Inc. has a 1 year low of $223.65 and a 1 year high of $584.01. 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 firm has a market capitalization of $19.52 billion, a PE ratio of 15.86 and a beta of 1.20. The business has a 50 day simple moving average of $258.64 and a 200-day simple moving average of $356.75.

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

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Wolfe Research started coverage on Gartner in a report on Wednesday, September 3rd. They issued a "peer perform" rating on the stock. Wells Fargo & Company dropped their price target on shares of Gartner from $345.00 to $225.00 and set an "underweight" rating on the stock in a research note on Wednesday, August 6th. BMO Capital Markets reduced their price objective on shares of Gartner from $409.00 to $272.00 and set a "market perform" rating for the company in a research report on Wednesday, August 6th. 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. Finally, Morgan Stanley reduced their price target on shares of Gartner from $455.00 to $322.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 6th. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average 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.

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