Sustainable Growth Advisers LP Has $469.51 Million Holdings in Gartner, Inc. $IT

Sustainable Growth Advisers LP grew its position in Gartner, Inc. (NYSE:IT) by 71.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,161,513 shares of the information technology services provider’s stock after buying an additional 485,188 shares during the quarter. Gartner accounts for about 2.4% of Sustainable Growth Advisers LP’s portfolio, making the stock its 19th largest holding. Sustainable Growth Advisers LP’s holdings in Gartner were worth $469,507,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Addison Advisors LLC bought a new stake in Gartner during the 2nd quarter worth $27,000. Ransom Advisory Ltd bought a new stake in shares of Gartner during the first quarter worth about $29,000. GW&K Investment Management LLC increased its stake 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 valued at $48,000 after buying an additional 78 shares during the period. Chilton Capital Management LLC bought a new position in Gartner in the 2nd quarter valued at approximately $47,000. Finally, Bayforest Capital Ltd boosted its position in Gartner by 527.3% during the 1st quarter. Bayforest Capital Ltd now owns 138 shares of the information technology services provider’s stock worth $58,000 after buying an additional 116 shares during the period. Institutional investors own 91.51% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on IT shares. Wolfe Research began coverage on shares of Gartner in a report on Wednesday, September 3rd. They set a “peer perform” rating on the stock. Wells Fargo & Company reduced their price target on Gartner from $231.00 to $218.00 and set an “underweight” rating on the stock in a research report on Wednesday, November 5th. Barclays cut their price objective on Gartner from $270.00 to $260.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 5th. Truist Financial assumed coverage on shares of Gartner in a report on Thursday, October 16th. They set a “buy” rating and a $300.00 price target for the company. Finally, William Blair reaffirmed an “outperform” rating on shares of Gartner in a research note on Tuesday, October 21st. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $311.67.

Gartner Stock Up 0.4%

Shares of NYSE IT opened at $231.06 on Friday. Gartner, Inc. has a 12-month low of $222.54 and a 12-month high of $584.01. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.61. The firm has a market cap of $17.50 billion, a PE ratio of 14.22 and a beta of 1.19. The company’s fifty day simple moving average is $246.58 and its 200 day simple moving average is $322.68.

Gartner (NYSE:IT) last released its quarterly earnings data on Tuesday, November 4th. The information technology services provider reported $2.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.41 by $0.35. The company had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.52 billion. Gartner had a net margin of 19.71% and a return on equity of 82.63%. Gartner has set its FY 2025 guidance at 12.650- EPS. As a group, sell-side analysts forecast that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, SVP John J. Rinello sold 105 shares of the firm’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $249.71, for a total value of $26,219.55. Following the transaction, the senior vice president owned 3,225 shares of the company’s stock, valued at approximately $805,314.75. This trade represents a 3.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jose M. Gutierrez acquired 417 shares of the firm’s stock in a transaction on Monday, August 18th. The shares were bought at an average cost of $239.80 per share, with a total value of $99,996.60. Following the completion of the acquisition, the director directly owned 2,080 shares in the company, valued at approximately $498,784. This represents a 25.08% increase in their position. The SEC filing for this purchase provides additional information. 2.30% of the stock is owned by company 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.