Securian Asset Management Inc. Sells 100 Shares of Gartner, Inc. $IT

Securian Asset Management Inc. cut its stake in Gartner, Inc. (NYSE:IT) by 2.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,006 shares of the information technology services provider’s stock after selling 100 shares during the period. Securian Asset Management Inc.’s holdings in Gartner were worth $1,619,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analysts Forecast Growth

Several analysts have weighed in on IT shares. The Goldman Sachs Group dropped their target price on shares of Gartner from $535.00 to $457.00 and set a “buy” rating on the stock in a research report on Wednesday, August 6th. Weiss Ratings restated a “hold (c-)” rating on shares of Gartner in a research note on Wednesday, October 8th. Barclays set a $270.00 price objective on shares of Gartner and gave the company an “equal weight” rating in a research note on Wednesday. Truist Financial assumed coverage on shares of Gartner in a research note on Thursday, October 16th. They set a “buy” rating and a $300.00 price objective for the company. Finally, BMO Capital Markets decreased their price objective on shares of Gartner from $409.00 to $272.00 and set a “market perform” rating for the company in a research note on Wednesday, August 6th. Four research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $346.20.

Gartner Stock Performance

IT opened at $251.21 on Thursday. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a fifty day moving average price of $248.34 and a 200 day moving average price of $342.06. Gartner, Inc. has a 1 year low of $223.65 and a 1 year high of $584.01. The stock has a market cap of $19.03 billion, a P/E ratio of 15.46 and a beta of 1.20.

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, beating the consensus estimate of $3.38 by $0.15. Gartner had a net margin of 19.71% and a return on equity of 82.63%. The firm had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same period in the previous year, the business posted $3.22 EPS. The business’s revenue was up 5.7% compared to the same quarter last year. Gartner has set its FY 2025 guidance at 11.750- EPS. Equities research analysts anticipate that Gartner, Inc. will post 12.5 earnings per share for the current year.

Insider Buying and Selling at Gartner

In other news, Director Jose M. Gutierrez bought 417 shares of the firm’s stock in a transaction that occurred on Monday, August 18th. The stock was purchased at an average cost of $239.80 per share, for a total transaction of $99,996.60. Following the purchase, the director directly owned 2,080 shares in the company, valued at approximately $498,784. This trade represents a 25.08% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP John J. Rinello sold 105 shares of the business’s stock in a transaction 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 sale, the senior vice president directly owned 3,225 shares of the company’s stock, valued at approximately $805,314.75. The trade was a 3.15% decrease in their position. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.

Gartner Company 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.