Rep. Robert Bresnahan, Jr. Sells Off Shares of Gartner, Inc. (NYSE:IT)

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Gartner, Inc. NYSE: IT. In a filing disclosed on April 28th, the Representative disclosed that they had sold between $1,001 and $15,000 in Gartner stock on April 8th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT" account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of DexCom NASDAQ: DXCM on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Invesco NYSE: IVZ on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Generac NYSE: GNRC on 4/8/2025.
• Sold $15,001 - $50,000 in shares of Occidental Petroleum NYSE: OXY on 4/8/2025.
• Sold $15,001 - $50,000 in shares of Pfizer NYSE: PFE on 4/8/2025.
• Sold $1,001 - $15,000 in shares of QUALCOMM NASDAQ: QCOM on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Best Buy NYSE: BBY on 4/8/2025.
• Sold $1,001 - $15,000 in shares of EOG Resources NYSE: EOG on 4/8/2025.
• Sold $1,001 - $15,000 in shares of CSX NASDAQ: CSX on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Valero Energy NYSE: VLO on 4/8/2025.

Gartner Stock Up 0.5 %

Shares of IT traded up $2.18 on Monday, reaching $429.67. The stock had a trading volume of 26,018 shares, compared to its average volume of 446,264. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market capitalization of $33.01 billion, a price-to-earnings ratio of 26.80, a price-to-earnings-growth ratio of 3.30 and a beta of 1.26. The company has a 50-day simple moving average of $429.83 and a 200-day simple moving average of $485.07. Gartner, Inc. has a 12-month low of $366.05 and a 12-month high of $584.01.

Gartner (NYSE:IT - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share for the quarter, topping the consensus estimate of $3.22 by $2.23. Gartner had a return on equity of 116.56% and a net margin of 20.00%. The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter in the prior year, the business posted $3.04 EPS. The firm's quarterly revenue was up 8.1% compared to the same quarter last year. Sell-side analysts predict that Gartner, Inc. will post 12.5 EPS for the current year.

Insider Activity at Gartner

In other Gartner news, SVP John J. Rinello sold 90 shares of the business's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $530.51, for a total transaction of $47,745.90. Following the completion of the sale, the senior vice president now owns 3,259 shares of the company's stock, valued at approximately $1,728,932.09. The trade was a 2.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Eileen Serra sold 1,200 shares of the business's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $489.77, for a total value of $587,724.00. Following the sale, the director now owns 1,627 shares of the company's stock, valued at $796,855.79. The trade was a 42.45 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.60% of the company's stock.

Hedge Funds Weigh In On Gartner

Hedge funds have recently bought and sold shares of the company. Czech National Bank raised its position in shares of Gartner by 6.5% during the 4th quarter. Czech National Bank now owns 16,725 shares of the information technology services provider's stock worth $8,103,000 after acquiring an additional 1,028 shares in the last quarter. Entropy Technologies LP acquired a new stake in shares of Gartner in the fourth quarter valued at about $366,000. D.A. Davidson & CO. grew its holdings in shares of Gartner by 2.6% in the 4th quarter. D.A. Davidson & CO. now owns 1,137 shares of the information technology services provider's stock worth $551,000 after acquiring an additional 29 shares during the period. Conestoga Capital Advisors LLC increased its holdings in Gartner by 1.5% during the 4th quarter. Conestoga Capital Advisors LLC now owns 31,626 shares of the information technology services provider's stock valued at $15,322,000 after acquiring an additional 480 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its stake in Gartner by 0.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 3,379 shares of the information technology services provider's stock valued at $1,637,000 after buying an additional 30 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company's stock.

Wall Street Analysts Forecast Growth

IT has been the subject of a number of recent research reports. Robert W. Baird cut their price objective on Gartner from $605.00 to $557.00 and set an "outperform" rating for the company in a research note on Friday, March 21st. Barclays dropped their price objective on Gartner from $510.00 to $475.00 and set an "overweight" rating for the company in a report on Monday, April 21st. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Gartner in a research report on Tuesday, February 4th. StockNews.com downgraded Gartner from a "buy" rating to a "hold" rating in a report on Friday, March 21st. Finally, UBS Group decreased their price objective on shares of Gartner from $565.00 to $500.00 and set a "buy" rating for the company in a research note on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Gartner currently has an average rating of "Hold" and a consensus target price of $513.50.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election. Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

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.