Gartner, Inc. $IT Stock Position Reduced by AEGON ASSET MANAGEMENT UK Plc

Key Points

• AEGON ASSET MANAGEMENT UK Plc reduced its position in Gartner, Inc. by 31.1% during Q2, now holding 23,037 shares valued at approximately $9.31 million.
• Gartner's quarterly earnings report showed an EPS of $3.53, beating estimates by $0.15, while revenue slightly missed at $1.66 billion.
• Several analysts revised their price targets for Gartner, with Wells Fargo lowering theirs to $225.00, while Goldman Sachs set a target of $457.00.

AEGON ASSET MANAGEMENT UK Plc lessened its position in shares of Gartner, Inc. (NYSE:IT - Free Report) by 31.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,037 shares of the information technology services provider's stock after selling 10,387 shares during the period. AEGON ASSET MANAGEMENT UK Plc's holdings in Gartner were worth $9,310,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Ransom Advisory Ltd bought a new position in Gartner during the 1st quarter worth approximately $29,000. Olde Wealth Management LLC bought a new position in Gartner during the 1st quarter worth approximately $42,000. GW&K Investment Management LLC lifted its holdings in shares of Gartner by 210.8% in the 1st quarter. GW&K Investment Management LLC now owns 115 shares of the information technology services provider's stock worth $48,000 after purchasing an additional 78 shares during the last quarter. Wayfinding Financial LLC acquired a new position in Gartner during the 1st quarter valued at approximately $55,000. Finally, Bayforest Capital Ltd boosted its position in Gartner by 527.3% during the 1st quarter. Bayforest Capital Ltd now owns 138 shares of the information technology services provider's stock valued at $58,000 after purchasing an additional 116 shares during the period. Institutional investors own 91.51% of the company's stock.

Gartner Stock Down 4.0%

IT opened at $236.75 on Thursday. Gartner, Inc. has a one year low of $223.65 and a one year high of $584.01. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.11 and a current ratio of 1.11. The stock's fifty day moving average is $247.04 and its 200-day moving average is $347.74. The company has a market capitalization of $17.93 billion, a PE ratio of 14.57 and a beta of 1.20.

Gartner (NYSE:IT - Get Free Report) last posted 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. The company had revenue of $1.66 billion for 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 company's quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.22 EPS. Gartner has set its FY 2025 guidance at 11.750- EPS. On average, equities analysts predict that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Wells Fargo & Company reduced their price objective on Gartner from $345.00 to $225.00 and set an "underweight" rating for the company in a research report on Wednesday, August 6th. UBS Group boosted their price objective on Gartner from $270.00 to $280.00 and gave the company a "neutral" rating in a research report on Monday, October 6th. Barclays reduced their price objective on Gartner from $475.00 to $320.00 and set an "overweight" rating for the company in a research report on Wednesday, August 6th. Morgan Stanley set a $307.00 price objective on Gartner in a research report on Monday. Finally, The Goldman Sachs Group reduced their price objective on Gartner from $535.00 to $457.00 and set a "buy" rating for the company in a research report on Wednesday, August 6th. Three research 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. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $356.89.

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.

Want to see what other hedge funds are holding IT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gartner, Inc. (NYSE:IT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.