Mitsubishi UFJ Asset Management Co. Ltd. Takes $11.14 Million Position in Gartner, Inc. $IT

Key Points

• Mitsubishi UFJ Asset Management acquired 85,909 Gartner shares worth approximately $11.14 million, giving it a 0.13% stake. Institutional investors collectively own 91.51% of the company.
• Gartner exceeded quarterly expectations, reporting $4.37 in EPS versus the $3.76 consensus and $1.68 billion in revenue versus $1.65 billion expected, although revenue declined 0.6% year over year.
• Analyst sentiment remains mixed: Gartner has a consensus “Hold” rating and an average price target of $187.30, while recent insider transactions included stock sales by an executive vice president and a director.

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Gartner, Inc. (NYSE:IT - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 85,909 shares of the information technology services provider's stock, valued at approximately $11,136,000. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.13% of Gartner at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Cresset Asset Management LLC lifted its stake in shares of Gartner by 3.3% in the third quarter. Cresset Asset Management LLC now owns 1,493 shares of the information technology services provider's stock worth $392,000 after buying an additional 47 shares during the last quarter. Horizon Investments LLC grew its position in Gartner by 4.3% in the 4th quarter. Horizon Investments LLC now owns 1,237 shares of the information technology services provider's stock worth $312,000 after purchasing an additional 51 shares during the last quarter. Brown Brothers Harriman & Co. increased its stake in Gartner by 5.8% during the third quarter. Brown Brothers Harriman & Co. now owns 1,019 shares of the information technology services provider's stock valued at $268,000 after acquiring an additional 56 shares during the period. Physician Wealth Advisors Inc. increased its position in shares of Gartner by 143.9% during the fourth quarter. Physician Wealth Advisors Inc. now owns 100 shares of the information technology services provider's stock valued at $25,000 after purchasing an additional 59 shares during the period. Finally, Valeo Financial Advisors LLC increased its holdings in Gartner by 8.8% in the 4th quarter. Valeo Financial Advisors LLC now owns 839 shares of the information technology services provider's stock valued at $212,000 after buying an additional 68 shares during the period. Institutional investors own 91.51% of the company's stock.

Insider Transactions at Gartner

In other Gartner news, EVP Yvonne Genovese sold 1,205 shares of the business's stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $190.06, for a total transaction of $229,022.30. Following the sale, the executive vice president directly owned 6,208 shares of the company's stock, valued at $1,179,892.48. The trade was a 16.26% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Anne Sutherland Fuchs sold 860 shares of the stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $184.30, for a total value of $158,498.00. Following the transaction, the director directly owned 8,097 shares of the company's stock, valued at $1,492,277.10. This trade represents a 9.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.60% of the stock is currently owned by corporate insiders.

Gartner Stock Up 0.1%

NYSE:IT opened at $193.09 on Friday. Gartner, Inc. has a 12-month low of $124.25 and a 12-month high of $265.85. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 46.98. The firm has a market capitalization of $12.19 billion, a P/E ratio of 17.32, a P/E/G ratio of 0.64 and a beta of 0.94. The stock's fifty day simple moving average is $150.59 and its 200-day simple moving average is $154.87.

Gartner (NYSE:IT - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The information technology services provider reported $4.37 earnings per share for the quarter, beating analysts' consensus estimates of $3.76 by $0.61. The business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.65 billion. Gartner had a net margin of 11.99% and a return on equity of 525.46%. Gartner's revenue for the quarter was down .6% on a year-over-year basis. During the same period last year, the company posted $3.53 EPS. Gartner has set its FY 2026 guidance at 14.000- EPS. Equities research analysts expect that Gartner, Inc. will post 14.44 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on IT. UBS Group increased their target price on shares of Gartner from $164.00 to $196.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 5th. Zacks Research upgraded shares of Gartner from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 6th. Weiss Ratings raised shares of Gartner from a "sell (d)" rating to a "sell (d+)" rating in a research note on Thursday, August 13th. Morgan Stanley set a $177.00 price objective on shares of Gartner in a report on Wednesday, August 5th. Finally, Wells Fargo & Company lifted their target price on shares of Gartner from $120.00 to $150.00 and gave the company an "underweight" rating in a research note on Wednesday, August 5th. One 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. According to data from MarketBeat, Gartner has a consensus rating of "Hold" and an average target price of $187.30.

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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