Gartner, Inc. $IT Stock Holdings Reduced by AEGON ASSET MANAGEMENT UK Plc

AEGON ASSET MANAGEMENT UK Plc lowered its position in Gartner, Inc. (NYSE:IT) by 31.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,037 shares of the information technology services provider’s stock after selling 10,387 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc’s holdings in Gartner were worth $9,310,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IT. T. Rowe Price Investment Management Inc. grew its stake in Gartner by 692.2% in the first quarter. T. Rowe Price Investment Management Inc. now owns 1,066,732 shares of the information technology services provider’s stock valued at $447,751,000 after purchasing an additional 932,077 shares in the last quarter. Nuveen LLC purchased a new position in Gartner in the first quarter valued at about $128,318,000. JPMorgan Chase & Co. lifted its position in shares of Gartner by 20.5% in the first quarter. JPMorgan Chase & Co. now owns 1,245,563 shares of the information technology services provider’s stock worth $522,813,000 after buying an additional 211,842 shares during the last quarter. Generation Investment Management LLP lifted its position in shares of Gartner by 16.5% in the first quarter. Generation Investment Management LLP now owns 1,341,342 shares of the information technology services provider’s stock worth $563,015,000 after buying an additional 189,514 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Gartner by 1.8% in the first quarter. Vanguard Group Inc. now owns 9,433,449 shares of the information technology services provider’s stock worth $3,959,596,000 after buying an additional 164,810 shares during the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Insider Activity

In related news, SVP John J. Rinello sold 105 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $249.71, for a total transaction of $26,219.55. Following the transaction, the senior vice president directly owned 3,225 shares in the company, valued at $805,314.75. The trade was a 3.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jose M. Gutierrez purchased 417 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were purchased at an average price of $239.80 per share, for a total transaction of $99,996.60. Following the completion of the purchase, the director directly owned 2,080 shares of the company’s stock, valued at approximately $498,784. This trade represents a 25.08% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 2.30% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on IT. Morgan Stanley set a $307.00 price target on Gartner in a research report on Monday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Gartner in a research report on Wednesday, October 8th. The Goldman Sachs Group reduced their price target on Gartner from $535.00 to $457.00 and set a “buy” rating for the company in a research report on Wednesday, August 6th. Royal Bank Of Canada began coverage on Gartner in a research report on Tuesday, September 9th. They issued a “sector perform” rating and a $263.00 price target for the company. Finally, Wells Fargo & Company reduced their price target on Gartner from $345.00 to $225.00 and set an “underweight” rating for the company in a research report on Wednesday, August 6th. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $356.89.

Gartner Price Performance

NYSE IT opened at $236.75 on Thursday. Gartner, Inc. has a twelve month low of $223.65 and a twelve month high of $584.01. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a market capitalization of $17.93 billion, a PE ratio of 14.57 and a beta of 1.20. The stock has a 50-day simple moving average of $247.04 and a 200 day simple moving average of $347.74.

Gartner (NYSE:IT) last posted its quarterly earnings data on Tuesday, August 5th. The information technology services provider reported $3.53 earnings per share for the quarter, topping the consensus estimate of $3.38 by $0.15. Gartner had a return on equity of 82.63% and a net margin of 19.71%.The business had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same quarter in the previous year, the firm earned $3.22 EPS. The firm’s revenue was up 5.7% compared to the same quarter last year. Gartner has set its FY 2025 guidance at 11.750- EPS. Research analysts anticipate that Gartner, Inc. will post 12.5 EPS for the current year.

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.