Sapient Capital LLC Sells 13,021 Shares of Gartner, Inc. $IT

Sapient Capital LLC reduced its position in Gartner, Inc. (NYSE:IT - Free Report) by 93.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 922 shares of the information technology services provider's stock after selling 13,021 shares during the quarter. Sapient Capital LLC's holdings in Gartner were worth $373,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also bought and sold shares of IT. Brighton Jones LLC purchased a new position in shares of Gartner in the fourth quarter valued at about $309,000. State of Wyoming purchased a new position in Gartner in the 4th quarter worth approximately $125,000. Squarepoint Ops LLC boosted its stake in Gartner by 990.5% in the 4th quarter. Squarepoint Ops LLC now owns 57,700 shares of the information technology services provider's stock worth $27,954,000 after purchasing an additional 52,409 shares during the period. Vident Advisory LLC grew its holdings in Gartner by 1.8% during the 4th quarter. Vident Advisory LLC now owns 8,877 shares of the information technology services provider's stock valued at $4,301,000 after buying an additional 155 shares in the last quarter. Finally, Woodline Partners LP bought a new stake in shares of Gartner during the fourth quarter valued at approximately $2,251,000. Hedge funds and other institutional investors own 91.51% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. UBS Group reaffirmed a "neutral" rating and set a $270.00 target price (down from $480.00) on shares of Gartner in a research note on Wednesday, August 6th. The Goldman Sachs Group cut 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. Wolfe Research assumed coverage on Gartner in a research report on Wednesday, September 3rd. They set a "peer perform" rating for the company. Morgan Stanley cut their price target on Gartner from $455.00 to $322.00 and set an "equal weight" rating for the company in a report on Wednesday, August 6th. Finally, Barclays cut their price target on Gartner from $475.00 to $320.00 and set an "overweight" rating for the company in a report on Wednesday, August 6th. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Gartner presently has a consensus rating of "Hold" and a consensus target price of $357.44.

Gartner Trading Up 1.3%

IT stock opened at $254.05 on Thursday. Gartner, Inc. has a 12 month low of $223.65 and a 12 month high of $584.01. The firm's 50-day moving average is $283.55 and its 200 day moving average is $375.28. The company has a market capitalization of $19.24 billion, a PE ratio of 15.63 and a beta of 1.20. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.11 and a quick ratio of 1.11.

Gartner (NYSE:IT - Get Free Report) last issued its earnings results 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 net margin of 19.71% and a return on equity of 82.63%. The business had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same period in the prior year, the firm earned $3.22 EPS. The company's revenue for the quarter was up 5.7% compared to the same quarter last year. Gartner has set its FY 2025 guidance at 11.750- EPS. On average, research analysts anticipate that Gartner, Inc. will post 12.5 EPS for the current year.

Insiders Place Their Bets

In other news, Director Jose M. Gutierrez bought 417 shares of the stock in a transaction on Monday, August 18th. The stock was acquired at an average cost of $239.80 per share, for a total transaction of $99,996.60. Following 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 ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP John J. Rinello sold 105 shares of the firm's 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 approximately $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.

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.

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