Akhil Jain Sells 700 Shares of Gartner (NYSE:IT) Stock

Key Points

• Gartner EVP Akhil Jain sold 700 shares at an average price of $201.73, generating $141,211. After the transaction, he retained 8,130 shares, a 7.93% reduction in his holdings.
• Gartner shares recently fell 1.4% to $193, while the company reported quarterly EPS of $4.37, beating estimates of $3.76, and revenue of $1.68 billion, slightly above expectations.
• Analysts maintain a consensus “Hold” rating with an average price target of $187.30; institutional investors own 91.51% of Gartner’s outstanding shares.

Gartner, Inc. (NYSE:IT - Get Free Report) EVP Akhil Jain sold 700 shares of the company's stock in a transaction on Monday, August 24th. The shares were sold at an average price of $201.73, for a total transaction of $141,211.00. Following the completion of the transaction, the executive vice president owned 8,130 shares of the company's stock, valued at $1,640,064.90. This trade represents a 7.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Gartner Stock Down 1.4%

Shares of Gartner stock traded down $2.79 during trading hours on Wednesday, hitting $193.00. 1,181,384 shares of the company's stock traded hands, compared to its average volume of 1,572,548. The company has a market cap of $12.19 billion, a PE ratio of 17.31, a PEG ratio of 0.70 and a beta of 0.94. Gartner, Inc. has a twelve month low of $124.25 and a twelve 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 stock has a 50 day simple moving average of $153.81 and a 200-day simple moving average of $155.40.

Gartner (NYSE:IT - Get Free Report) last issued its quarterly earnings data 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. Gartner had a return on equity of 525.46% and a net margin of 11.99%.The firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same quarter last year, the firm earned $3.53 EPS. Gartner's quarterly revenue was down .6% on a year-over-year basis. Gartner has set its FY 2026 guidance at 14.000- EPS. Equities research analysts anticipate that Gartner, Inc. will post 14.42 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Gartner

Hedge funds have recently bought and sold shares of the business. California State Teachers Retirement System grew its stake in Gartner by 9,136.9% during the 2nd quarter. California State Teachers Retirement System now owns 9,852,805 shares of the information technology services provider's stock valued at $1,277,121,000 after acquiring an additional 9,746,137 shares in the last quarter. Bamco Inc. NY acquired a new stake in shares of Gartner during the second quarter worth approximately $985,243,000. BlackRock Inc. purchased a new position in Gartner during the second quarter valued at approximately $676,246,000. J. Stern & Co. LLP grew its position in Gartner by 8,182.0% during the fourth quarter. J. Stern & Co. LLP now owns 1,536,890 shares of the information technology services provider's stock valued at $387,727,000 after purchasing an additional 1,518,333 shares in the last quarter. Finally, Norges Bank acquired a new position in Gartner in the 4th quarter valued at approximately $299,576,000. 91.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on IT. Royal Bank Of Canada boosted their target price on shares of Gartner from $160.00 to $164.00 and gave the company a "sector perform" rating in a research note on Wednesday, August 5th. Zacks Research raised Gartner from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 6th. Wells Fargo & Company increased their price target on Gartner from $120.00 to $150.00 and gave the company an "underweight" rating in a research note on Wednesday, August 5th. BMO Capital Markets lowered their price target on Gartner from $214.00 to $206.00 and set a "market perform" rating on the stock in a research report on Tuesday, August 18th. Finally, Truist Financial set a $205.00 target price on Gartner in a report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus 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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