Cwm LLC Acquires 3,261 Shares of Gartner, Inc. $IT

Cwm LLC raised its holdings in shares of Gartner, Inc. (NYSE:IT) by 52.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,461 shares of the information technology services provider’s stock after acquiring an additional 3,261 shares during the quarter. Cwm LLC’s holdings in Gartner were worth $3,824,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ransom Advisory Ltd bought a new stake in Gartner during the first quarter valued at about $29,000. Olde Wealth Management LLC bought a new stake in shares of Gartner in the first quarter worth about $42,000. GW&K Investment Management LLC increased its holdings in shares of 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 worth $48,000 after purchasing an additional 78 shares during the last quarter. Wayfinding Financial LLC bought a new stake in shares of Gartner in the first quarter worth about $55,000. Finally, Bayforest Capital Ltd increased its holdings in shares of Gartner by 527.3% in the first quarter. Bayforest Capital Ltd now owns 138 shares of the information technology services provider’s stock worth $58,000 after purchasing an additional 116 shares during the last quarter. 91.51% of the stock is owned by institutional investors.

Gartner Stock Down 0.4%

Shares of NYSE:IT opened at $235.87 on Friday. Gartner, Inc. has a 1 year low of $223.65 and a 1 year high of $584.01. The business has a 50 day simple moving average of $247.17 and a two-hundred day simple moving average of $346.47. The firm has a market capitalization of $17.86 billion, a PE ratio of 14.52 and a beta of 1.20. 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 announced its earnings results on Tuesday, August 5th. The information technology services provider reported $3.53 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $1.68 billion. During the same quarter in the previous year, the business earned $3.22 earnings per share. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. Gartner has set its FY 2025 guidance at 11.750- EPS. On average, equities analysts predict that Gartner, Inc. will post 12.5 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on IT shares. The Goldman Sachs Group reduced their target price on Gartner from $535.00 to $457.00 and set a “buy” rating on the stock in a report on Wednesday, August 6th. Truist Financial started coverage on Gartner in a report on Thursday. They issued a “buy” rating and a $300.00 target price on the stock. Royal Bank Of Canada started coverage on Gartner in a report on Tuesday, September 9th. They issued a “sector perform” rating and a $263.00 target price on the stock. UBS Group lifted their target price on Gartner from $270.00 to $280.00 and gave the stock a “neutral” rating in a report on Monday, October 6th. Finally, Wolfe Research initiated coverage on Gartner in a report on Wednesday, September 3rd. They issued a “peer perform” rating on the stock. Four investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Gartner has a consensus rating of “Hold” and a consensus price target of $351.20.

Insider Activity at Gartner

In other Gartner news, SVP John J. Rinello sold 105 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $249.71, for a total transaction of $26,219.55. Following the completion of the transaction, the senior vice president 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 filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jose M. Gutierrez bought 417 shares of the company’s stock in a transaction on Monday, August 18th. The shares were acquired at an average price of $239.80 per share, with a total value of $99,996.60. Following the transaction, 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. 2.30% of the stock is owned by insiders.

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.