Plato Investment Management Ltd Makes New Investment in Gartner, Inc. $IT

Key Points

• Plato Investment Management initiated a Gartner position in the second quarter, purchasing 9,002 shares valued at approximately $1.16 million. Institutional investors collectively own 91.51% of the company.
• Gartner reported quarterly EPS of $4.37, beating analysts’ $3.76 estimate, while revenue of $1.68 billion exceeded expectations but declined 0.6% year over year.
• Analyst sentiment remains mixed, with Gartner holding an average “Hold” rating and an average price target of $185.50; the stock opened at $179.38 after recent insider sales.

Plato Investment Management Ltd bought a new stake in Gartner, Inc. (NYSE:IT - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 9,002 shares of the information technology services provider's stock, valued at approximately $1,160,000.

Other hedge funds have also made changes to their positions in the company. Physician Wealth Advisors Inc. raised its position in Gartner by 143.9% in the 4th 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 in the last quarter. DV Equities LLC acquired a new position in shares of Gartner in the 4th quarter valued at $25,000. Rakuten Securities Inc. raised its stake in Gartner by 1,980.0% during the 4th quarter. Rakuten Securities Inc. now owns 104 shares of the information technology services provider's stock worth $26,000 after acquiring an additional 99 shares in the last quarter. Entrust Financial LLC acquired a new stake in shares of Gartner during the fourth quarter worth about $26,000. Finally, Bell Investment Advisors Inc boosted its holdings in shares of Gartner by 75.5% in the first quarter. Bell Investment Advisors Inc now owns 172 shares of the information technology services provider's stock valued at $27,000 after acquiring an additional 74 shares during the period. Institutional investors and hedge funds own 91.51% of the company's stock.

Insider Transactions at Gartner

In other news, Director Anne Sutherland Fuchs sold 860 shares of the firm's stock in a transaction dated Friday, August 7th. The stock was 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 in the company, valued at $1,492,277.10. This trade represents a 9.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Yvonne Genovese sold 1,205 shares of the business's stock in a transaction dated Monday, August 10th. The stock was 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 of the company's stock, valued at $1,179,892.48. The trade was a 16.26% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 2.60% of the company's stock.

Gartner Trading Down 0.9%

Shares of Gartner stock opened at $179.38 on Tuesday. 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 1 year low of $124.25 and a 1 year high of $265.85. The company has a market capitalization of $11.33 billion, a P/E ratio of 16.09, a P/E/G ratio of 0.60 and a beta of 0.94. The business has a 50 day moving average price of $148.43 and a 200 day moving average price of $155.42.

Gartner (NYSE:IT - Get Free Report) last issued its quarterly 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 company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.65 billion. Gartner had a return on equity of 525.46% and a net margin of 11.99%.The business's revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.53 EPS. Gartner has set its FY 2026 guidance at 14.000- EPS. Sell-side analysts anticipate that Gartner, Inc. will post 14.44 EPS for the current fiscal year.

Analysts Set New Price Targets

IT has been the topic of a number of recent research reports. Royal Bank Of Canada boosted their target price on Gartner from $160.00 to $164.00 and gave the company a "sector perform" rating in a report on Wednesday, August 5th. Truist Financial set a $205.00 price objective on shares of Gartner in a research report on Wednesday, August 5th. The Goldman Sachs Group raised their target price on shares of Gartner from $162.00 to $181.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 5th. Zacks Research raised shares of Gartner from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 6th. Finally, Wells Fargo & Company boosted their price target on shares of Gartner from $120.00 to $150.00 and gave the stock 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 issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $185.50.

Gartner 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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