Gartner, Inc. $IT Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA trimmed its holdings in Gartner, Inc. (NYSE:IT) by 65.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 602,312 shares of the information technology services provider’s stock after selling 1,141,725 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.78% of Gartner worth $243,467,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of IT. Brighton Jones LLC purchased a new position in Gartner during the 4th quarter worth $309,000. Victory Capital Management Inc. boosted its stake in shares of Gartner by 0.5% during the first quarter. Victory Capital Management Inc. now owns 46,252 shares of the information technology services provider’s stock worth $19,414,000 after buying an additional 246 shares during the period. Teachers Retirement System of The State of Kentucky grew its holdings in shares of Gartner by 3.0% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 5,871 shares of the information technology services provider’s stock worth $2,465,000 after buying an additional 170 shares during the last quarter. Optimist Retirement Group LLC increased its position in Gartner by 9.4% in the 1st quarter. Optimist Retirement Group LLC now owns 556 shares of the information technology services provider’s stock valued at $233,000 after acquiring an additional 48 shares during the period. Finally, Gallacher Capital Management LLC purchased a new stake in Gartner during the 1st quarter valued at approximately $207,000. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Insider Transactions at Gartner

In other Gartner news, 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 sale, the senior vice president directly owned 3,225 shares in the company, valued at approximately $805,314.75. The trade was a 3.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.30% of the company’s stock.

Gartner Price Performance

Shares of NYSE IT opened at $231.06 on Monday. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.11 and a current ratio of 1.11. Gartner, Inc. has a one year low of $222.54 and a one year high of $584.01. The firm has a market capitalization of $17.50 billion, a P/E ratio of 14.22 and a beta of 1.19. The company’s fifty day moving average is $246.58 and its two-hundred day moving average is $321.29.

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on IT. Wolfe Research started coverage on Gartner in a research note on Wednesday, September 3rd. They issued a “peer perform” rating on the stock. Wells Fargo & Company decreased their price target on Gartner from $231.00 to $218.00 and set an “underweight” rating for the company in a report on Wednesday, November 5th. Morgan Stanley set a $307.00 price objective on shares of Gartner in a research note on Monday, October 13th. Barclays cut their price objective on shares of Gartner from $270.00 to $260.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 5th. Finally, Weiss Ratings downgraded shares of Gartner from a “hold (c-)” rating to a “sell (d+)” rating in a report on Saturday, October 25th. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $311.67.

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.