Capital Fund Management S.A. Acquires 32,202 Shares of Gartner, Inc. $IT

Capital Fund Management S.A. increased its holdings in Gartner, Inc. (NYSE:IT) by 234.2% in the 1st quarter, HoldingsChannel.com reports. The fund owned 45,949 shares of the information technology services provider’s stock after buying an additional 32,202 shares during the period. Capital Fund Management S.A.’s holdings in Gartner were worth $19,287,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Cary Street Partners Financial LLC bought a new position in shares of Gartner in the fourth quarter valued at approximately $27,000. Itau Unibanco Holding S.A. lifted its stake in Gartner by 453.3% in the fourth quarter. Itau Unibanco Holding S.A. now owns 83 shares of the information technology services provider’s stock valued at $40,000 after purchasing an additional 68 shares during the last quarter. Olde Wealth Management LLC purchased a new position in Gartner in the first quarter valued at approximately $42,000. GW&K Investment Management LLC lifted its stake in Gartner by 210.8% in the first quarter. GW&K Investment Management LLC now owns 115 shares of the information technology services provider’s stock valued at $48,000 after purchasing an additional 78 shares during the last quarter. Finally, Wayfinding Financial LLC purchased a new position in Gartner in the first quarter valued at approximately $55,000. 91.51% of the stock is owned by institutional investors.

Gartner Trading Up 0.4%

NYSE:IT opened at $243.9640 on Thursday. The company has a market cap of $18.48 billion, a P/E ratio of 15.01 and a beta of 1.19. The stock’s fifty day moving average price is $345.71 and its two-hundred day moving average price is $412.52. Gartner, Inc. has a 1 year low of $223.65 and a 1 year high of $584.01. 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) last posted its earnings results on Tuesday, August 5th. The information technology services provider reported $3.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.38 by $0.15. The firm had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.68 billion. Gartner had a return on equity of 82.63% and a net margin of 19.71%.The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.22 earnings per share. Gartner has set its FY 2025 guidance at 11.750- EPS. As a group, analysts expect that Gartner, Inc. will post 12.5 EPS for the current year.

Insider Activity

In other Gartner news, Director Jose M. Gutierrez acquired 417 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were bought at an average price of $239.80 per share, for a total transaction of $99,996.60. Following the completion of the transaction, the director owned 2,080 shares of the company’s stock, valued at approximately $498,784. This represents a 25.08% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.30% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Morgan Stanley dropped their price objective on Gartner from $455.00 to $322.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 6th. UBS Group reiterated a “neutral” rating and issued a $270.00 price objective (down previously from $480.00) on shares of Gartner in a research note on Wednesday, August 6th. Wells Fargo & Company dropped their price objective on Gartner from $345.00 to $225.00 and set an “underweight” rating on the stock in a research note on Wednesday, August 6th. Barclays dropped their price objective on Gartner from $475.00 to $320.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 6th. Finally, BMO Capital Markets dropped their target price on Gartner from $409.00 to $272.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 6th. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $369.25.

Gartner Profile

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.