Pallas Capital Advisors LLC Purchases New Shares in Gartner, Inc. $IT

Pallas Capital Advisors LLC acquired a new stake in Gartner, Inc. (NYSE:IT) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 6,749 shares of the information technology services provider’s stock, valued at approximately $875,000.

Other large investors have also modified their holdings of the company. J. Stern & Co. LLP boosted its stake in shares of Gartner by 8,182.0% during the 4th quarter. J. Stern & Co. LLP now owns 1,536,890 shares of the information technology services provider’s stock worth $387,727,000 after acquiring an additional 1,518,333 shares in the last quarter. Norges Bank purchased a new position in shares of Gartner in the 4th quarter valued at about $299,576,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Gartner by 108,812.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,025,952 shares of the information technology services provider’s stock valued at $258,827,000 after purchasing an additional 1,025,010 shares in the last quarter. Capital International Investors raised its holdings in Gartner by 28.3% in the 4th quarter. Capital International Investors now owns 4,004,093 shares of the information technology services provider’s stock worth $1,010,153,000 after purchasing an additional 884,250 shares during the period. Finally, AQR Capital Management LLC raised its holdings in Gartner by 51.9% in the 4th quarter. AQR Capital Management LLC now owns 1,892,004 shares of the information technology services provider’s stock worth $477,315,000 after purchasing an additional 646,052 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Gartner Trading Up 1.9%

Shares of Gartner stock opened at $182.64 on Wednesday. The firm has a market capitalization of $11.53 billion, a PE ratio of 16.38, a P/E/G ratio of 0.60 and a beta of 0.94. Gartner, Inc. has a twelve month low of $124.25 and a twelve month high of $265.85. The firm’s 50-day moving average price is $148.94 and its 200 day moving average price is $155.12. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 46.98.

Gartner (NYSE:IT) last posted its quarterly earnings data on Tuesday, August 4th. The information technology services provider reported $4.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.76 by $0.61. Gartner had a return on equity of 525.46% and a net margin of 11.99%.The company had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.65 billion. During the same period in the previous year, the firm posted $3.53 EPS. Gartner’s revenue was down .6% compared to the same quarter last year. Gartner has set its FY 2026 guidance at 14.000- EPS. On average, sell-side analysts predict that Gartner, Inc. will post 14.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on IT shares. Wells Fargo & Company increased their price target on Gartner from $120.00 to $150.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 5th. Weiss Ratings raised Gartner from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, August 13th. UBS Group increased their target price on Gartner from $164.00 to $196.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. BMO Capital Markets dropped their price target on shares of Gartner from $214.00 to $206.00 and set a “market perform” rating on the stock in a research note on Tuesday. Finally, Truist Financial set a $205.00 price target on shares of Gartner in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Gartner has an average rating of “Hold” and an average price target of $187.30.

Insider Buying and Selling

In other news, Director Anne Sutherland Fuchs sold 860 shares of Gartner stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $184.30, for a total value of $158,498.00. Following the sale, the director directly owned 8,097 shares of the company’s stock, valued at $1,492,277.10. The trade was a 9.60% 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, EVP Yvonne Genovese sold 1,205 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $190.06, for a total value of $229,022.30. Following the sale, the executive vice president owned 6,208 shares of the company’s stock, valued at $1,179,892.48. The trade was a 16.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 2.60% of the company’s stock.

About Gartner

Gartner, Inc is a global research and advisory firm that provides insights, advice and tools for leaders in IT, finance, HR, customer service and other business functions. Founded in 1979 and headquartered in Stamford, Connecticut, Gartner specializes in helping organizations make informed decisions about technology, operations and strategy through a combination of published research, advisory services, consulting, executive programs and events.

The company’s offerings include proprietary research reports, market forecasts, and analytical frameworks that are widely used by technology buyers and vendors.