4,981 Shares in Gartner, Inc. $IT Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC bought a new stake in Gartner, Inc. (NYSE:IT) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,981 shares of the information technology services provider’s stock, valued at approximately $646,000.

Several other large investors have also modified their holdings of IT. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Gartner during the 2nd quarter worth $30,293,000. Globeflex Capital L P acquired a new stake in Gartner in the second quarter valued at $343,000. Bank of Nova Scotia acquired a new stake in shares of Gartner in the second quarter valued at about $6,016,000. Kendall Capital Management purchased a new stake in shares of Gartner during the 2nd quarter worth approximately $332,000. Finally, Foyston Gordon & Payne Inc purchased a new stake in shares of Gartner during the 2nd quarter worth approximately $10,119,000. 91.51% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Morgan Stanley set a $177.00 target price on Gartner in a report on Wednesday, August 5th. UBS Group boosted their price target on Gartner from $164.00 to $196.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Royal Bank Of Canada increased their price objective on shares of Gartner from $160.00 to $164.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 5th. Wells Fargo & Company lifted their target price on Gartner from $120.00 to $150.00 and gave the company an “underweight” rating in a report on Wednesday, August 5th. Finally, BMO Capital Markets decreased their price objective on shares of Gartner from $214.00 to $206.00 and set a “market perform” rating for the company in a research note on Tuesday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Gartner presently has a consensus rating of “Hold” and an average price target of $187.30.

Gartner Stock Up 0.8%

Shares of NYSE:IT opened at $198.22 on Friday. The stock has a market capitalization of $12.52 billion, a price-to-earnings ratio of 17.78, a price-to-earnings-growth ratio of 0.68 and a beta of 0.94. Gartner, Inc. has a 1-year low of $124.25 and a 1-year high of $265.85. The company’s fifty day moving average is $157.78 and its two-hundred day moving average is $156.26. The company has a debt-to-equity ratio of 46.98, a quick ratio of 0.88 and a current ratio of 0.88.

Gartner (NYSE:IT) last released its quarterly earnings results on Tuesday, August 4th. The information technology services provider reported $4.37 EPS for the quarter, topping the consensus estimate of $3.76 by $0.61. Gartner had a net margin of 11.99% and a return on equity of 525.46%. The business had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same quarter in the prior year, the firm earned $3.53 earnings per share. The company’s quarterly revenue was down .6% on a year-over-year basis. Gartner has set its FY 2026 guidance at 14.000- EPS. Equities analysts anticipate that Gartner, Inc. will post 14.42 EPS for the current year.

Insider Buying and Selling at Gartner

In other news, EVP Akhil Jain sold 700 shares of the firm’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $201.73, for a total transaction of $141,211.00. Following the completion of the transaction, the executive vice president owned 8,130 shares in the company, valued at approximately $1,640,064.90. This trade represents a 7.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Yvonne Genovese sold 1,205 shares of the company’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $190.06, for a total value of $229,022.30. Following the sale, the executive vice president directly owned 6,208 shares of the company’s stock, valued at approximately $1,179,892.48. This represents a 16.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 2,765 shares of company stock valued at $528,731. 2.60% of the stock is owned by insiders.

Gartner Profile

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.