Royal London Asset Management Ltd. Sells 3,228 Shares of Gartner, Inc. $IT

Royal London Asset Management Ltd. lowered its stake in Gartner, Inc. (NYSE:IT) by 9.6% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 30,532 shares of the information technology services provider’s stock after selling 3,228 shares during the period. Royal London Asset Management Ltd.’s holdings in Gartner were worth $3,958,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. DV Equities LLC acquired a new stake in shares of Gartner during the 4th quarter worth approximately $25,000. Entrust Financial LLC bought a new stake in Gartner during the fourth quarter valued at $26,000. Bell Investment Advisors Inc increased its stake in shares of Gartner by 75.5% in the 1st quarter. Bell Investment Advisors Inc now owns 172 shares of the information technology services provider’s stock valued at $27,000 after acquiring an additional 74 shares in the last quarter. Elyxium Wealth LLC acquired a new position in Gartner during the 4th quarter worth approximately $28,000. Finally, Cassaday & Co Wealth Management LLC acquired a new position in Gartner during the 1st quarter valued at about $34,000. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Royal Bank Of Canada increased their target price on shares of Gartner from $160.00 to $164.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 5th. Morgan Stanley set a $177.00 price objective on shares of Gartner in a research report on Wednesday, August 5th. Wells Fargo & Company lifted their price target on shares of Gartner from $120.00 to $150.00 and gave the company an “underweight” rating in a report on Wednesday, August 5th. The Goldman Sachs Group raised their target price on Gartner from $162.00 to $181.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Finally, UBS Group upped their price target on Gartner from $164.00 to $196.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $187.30.

Gartner Stock Down 0.1%

NYSE:IT opened at $198.14 on Tuesday. Gartner, Inc. has a twelve month low of $124.25 and a twelve month high of $265.85. The company has a market cap of $12.51 billion, a price-to-earnings ratio of 17.77, a price-to-earnings-growth ratio of 0.68 and a beta of 0.94. The stock has a fifty day simple moving average of $159.23 and a 200-day simple moving average of $156.51. 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 announced its quarterly earnings data on Tuesday, August 4th. The information technology services provider reported $4.37 EPS for the quarter, beating the consensus estimate of $3.76 by $0.61. The business had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Gartner had a net margin of 11.99% and a return on equity of 525.46%. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the business posted $3.53 EPS. Gartner has set its FY 2026 guidance at 14.000- EPS. Analysts anticipate that Gartner, Inc. will post 14.42 EPS for the current year.

Insider Activity

In related news, Director Anne Sutherland Fuchs sold 860 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $184.30, for a total transaction of $158,498.00. Following the transaction, the director owned 8,097 shares of the company’s stock, valued at $1,492,277.10. This trade represents a 9.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Robin B. Kranich sold 3,278 shares of Gartner stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $196.50, for a total value of $644,127.00. Following the completion of the sale, the executive vice president owned 20,358 shares in the company, valued at approximately $4,000,347. This trade represents a 13.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 6,043 shares of company stock worth $1,172,858 over the last three months. 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.