VIRGINIA RETIREMENT SYSTEMS ET Al Makes New $1.69 Million Investment in Gartner, Inc. $IT

Key Points

• Virginia Retirement Systems purchased 13,000 Gartner shares worth approximately $1.69 million during the second quarter. Institutional investors collectively own 91.51% of the company.
• Gartner insiders sold 6,043 shares valued at $1.17 million over the past 90 days, while insiders currently own 2.60% of the stock.
• Analysts maintain a consensus “Hold” rating with an average price target of $187.30. Gartner recently exceeded quarterly earnings expectations, reporting $4.37 in EPS versus the $3.76 consensus estimate.

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Gartner, Inc. (NYSE:IT - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 13,000 shares of the information technology services provider's stock, valued at approximately $1,685,000.

Several other hedge funds and other institutional investors have also modified their holdings of IT. Cresset Asset Management LLC raised its stake in Gartner by 3.3% during the third quarter. Cresset Asset Management LLC now owns 1,493 shares of the information technology services provider's stock worth $392,000 after acquiring an additional 47 shares during the period. Brown Brothers Harriman & Co. boosted its stake in Gartner by 5.8% in 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. Valeo Financial Advisors LLC boosted its stake in Gartner by 8.8% in the fourth quarter. Valeo Financial Advisors LLC now owns 839 shares of the information technology services provider's stock valued at $212,000 after acquiring an additional 68 shares during the period. Mufg Securities Americas Inc. grew its holdings in shares of Gartner by 3.5% during the second quarter. Mufg Securities Americas Inc. now owns 2,017 shares of the information technology services provider's stock valued at $261,000 after purchasing an additional 68 shares during the last quarter. Finally, Parallel Advisors LLC grew its holdings in shares of Gartner by 10.7% during the third quarter. Parallel Advisors LLC now owns 724 shares of the information technology services provider's stock valued at $190,000 after purchasing an additional 70 shares during the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Gartner

In related news, Director Anne Fuchs sold 860 shares of the business's stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $184.30, for a total transaction of $158,498.00. Following the sale, the director owned 8,097 shares of the company's stock, valued at $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 is available at the SEC website. Also, EVP Yvonne Genovese sold 1,205 shares of the stock in a transaction on Monday, August 10th. The shares were sold at an average price of $190.06, for a total value of $229,022.30. Following the transaction, the executive vice president directly owned 6,208 shares of the company's stock, valued at approximately $1,179,892.48. The trade was a 16.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 6,043 shares of company stock valued at $1,172,858. 2.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

IT has been the topic of several recent research reports. Truist Financial set a $205.00 price target on Gartner in a report on Wednesday, August 5th. BMO Capital Markets lowered their price objective on Gartner from $214.00 to $206.00 and set a "market perform" rating for the company in a research note on Tuesday, August 18th. The Goldman Sachs Group increased their price objective on shares of Gartner from $162.00 to $181.00 and gave the stock a "neutral" rating in a report on Wednesday, August 5th. Wells Fargo & Company raised their price target 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. Finally, Weiss Ratings raised Gartner from a "sell (d)" rating to a "sell (d+)" rating in a report on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, Gartner currently has a consensus rating of "Hold" and an average price target of $187.30.

Gartner Price Performance

Shares of IT opened at $179.25 on Friday. Gartner, Inc. has a one year low of $124.25 and a one year high of $265.85. The stock's fifty day moving average is $168.16 and its 200-day moving average is $158.05. The company has a debt-to-equity ratio of 46.98, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a market capitalization of $11.32 billion, a price-to-earnings ratio of 16.08, a price-to-earnings-growth ratio of 0.64 and a beta of 0.96.

Gartner (NYSE:IT - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The information technology services provider reported $4.37 earnings per share for the quarter, topping the consensus estimate of $3.76 by $0.61. The business had revenue of $1.68 billion during 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%. The company's quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.53 earnings per share. Gartner has set its FY 2026 guidance at 14.000- EPS. Equities analysts anticipate that Gartner, Inc. will post 14.39 EPS for the current year.

About Gartner

Gartner, Inc NYSE: IT is a global research and advisory company that provides independent insights, practical guidance and tools to help organizations make decisions about technology, business strategy and operations. Its clients include businesses, government agencies and other institutions across a wide range of industries and geographies.

The company's primary offerings include subscription-based research, analyst advice, benchmarking data, consulting services and executive programs.

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