Jupiter Topco LLC Makes New $4.41 Million Investment in Gartner, Inc. $IT

Key Points

• Jupiter Topco LLC acquired 33,998 Gartner shares worth approximately $4.41 million during the second quarter, giving it a 0.05% stake. Institutional investors collectively own 91.51% of the company.
• Gartner exceeded quarterly expectations, reporting $4.37 in adjusted EPS versus the $3.76 consensus and $1.68 billion in revenue, although revenue declined 0.6% year over year.
• Analysts maintain a broadly cautious outlook, with the stock carrying a consensus “Hold” rating and an average price target of $187.30, below its reported opening price of $198.14.

Jupiter Topco LLC purchased a new stake in shares of Gartner, Inc. (NYSE:IT - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 33,998 shares of the information technology services provider's stock, valued at approximately $4,409,000. Jupiter Topco LLC owned approximately 0.05% of Gartner at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC acquired a new stake in Gartner during the 4th quarter valued at approximately $309,000. Sivia Capital Partners LLC acquired a new position in shares of Gartner in the 2nd quarter worth approximately $336,000. Cresset Asset Management LLC boosted its stake in shares of Gartner by 15.2% in the 2nd quarter. Cresset Asset Management LLC now owns 1,446 shares of the information technology services provider's stock valued at $585,000 after purchasing an additional 191 shares during the last quarter. Sei Investments Co. increased its position in shares of Gartner by 9.2% during the second quarter. Sei Investments Co. now owns 91,205 shares of the information technology services provider's stock worth $36,867,000 after buying an additional 7,678 shares during the period. Finally, The Manufacturers Life Insurance Company increased its position in shares of Gartner by 111.5% during the second quarter. The Manufacturers Life Insurance Company now owns 95,301 shares of the information technology services provider's stock worth $38,523,000 after buying an additional 50,251 shares during the period. 91.51% of the stock is currently owned by institutional investors.

Gartner Stock Performance

Shares of IT stock opened at $198.14 on Tuesday. The firm has a 50-day moving average of $159.23 and a 200-day moving average of $156.51. The company has a market cap of $12.51 billion, a P/E ratio of 17.77, a P/E/G ratio of 0.68 and a beta of 0.94. 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, Inc. has a one year low of $124.25 and a one year high of $265.85.

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

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on IT. BMO Capital Markets lowered their target price on Gartner from $214.00 to $206.00 and set a "market perform" rating for the company in a report on Tuesday, August 18th. Morgan Stanley set a $177.00 price target on Gartner in a report on Wednesday, August 5th. Wells Fargo & Company raised their price objective on shares of Gartner from $120.00 to $150.00 and gave the stock an "underweight" rating in a research report on Wednesday, August 5th. The Goldman Sachs Group boosted their target price on shares of Gartner from $162.00 to $181.00 and gave the company a "neutral" rating in a research report on Wednesday, August 5th. Finally, Royal Bank Of Canada increased their target price on shares of Gartner from $160.00 to $164.00 and gave the stock a "sector perform" rating in a research note on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $187.30.

Insider Transactions at Gartner

In other news, 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 directly owned 8,097 shares in the company, valued at approximately $1,492,277.10. The trade was a 9.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Yvonne Genovese sold 1,205 shares of the company's stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $190.06, for a total value of $229,022.30. Following the sale, the executive vice president owned 6,208 shares in the company, valued at approximately $1,179,892.48. This represents a 16.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 6,043 shares of company stock worth $1,172,858. Insiders own 2.60% of the company's stock.

About Gartner

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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