Ieq Capital LLC Acquires Shares of 144,808 Gartner, Inc. $IT

Ieq Capital LLC bought a new position in Gartner, Inc. (NYSE:IT) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 144,808 shares of the information technology services provider’s stock, valued at approximately $18,770,000. Ieq Capital LLC owned about 0.22% of Gartner at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the stock. Oppenheimer Asset Management Inc. bought a new position in Gartner in the 2nd quarter valued at $2,872,000. Plato Investment Management Ltd raised its position in shares of Gartner by 293.4% during the fourth quarter. Plato Investment Management Ltd now owns 9,002 shares of the information technology services provider’s stock worth $2,282,000 after acquiring an additional 6,714 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of Gartner during the fourth quarter valued at $3,318,000. Wedge Capital Management L L P NC lifted its stake in shares of Gartner by 34.1% during the second quarter. Wedge Capital Management L L P NC now owns 54,196 shares of the information technology services provider’s stock valued at $7,025,000 after acquiring an additional 13,776 shares during the period. Finally, Bank of America Corp DE boosted its holdings in Gartner by 60.1% in the first quarter. Bank of America Corp DE now owns 773,771 shares of the information technology services provider’s stock valued at $122,519,000 after acquiring an additional 290,499 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Gartner Stock Up 1.2%

Gartner stock opened at $195.92 on Friday. The company’s 50 day simple moving average is $151.55 and its 200 day simple moving average is $155.15. Gartner, Inc. has a fifty-two week low of $124.25 and a fifty-two week high of $265.85. The firm has a market capitalization of $12.37 billion, a price-to-earnings ratio of 17.57, a PEG ratio of 0.65 and a beta of 0.94. The company has a debt-to-equity ratio of 46.98, a current ratio of 0.88 and a quick ratio of 0.88.

Gartner (NYSE:IT) last issued its quarterly earnings data on Tuesday, August 4th. The information technology services provider reported $4.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.76 by $0.61. The firm 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 revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.53 earnings per share. Gartner has set its FY 2026 guidance at 14.000- EPS. As a group, sell-side analysts anticipate that Gartner, Inc. will post 14.42 EPS for the current year.

Insider Buying and Selling at Gartner

In related news, 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 completion of the sale, the executive vice president owned 6,208 shares in the company, valued at $1,179,892.48. This represents a 16.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Anne Sutherland Fuchs sold 860 shares of the firm’s stock in a transaction 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 in the company, valued at $1,492,277.10. The trade was a 9.60% decrease in their position. The SEC filing for this sale provides additional information. 2.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on IT shares. The Goldman Sachs Group boosted their price objective on Gartner from $162.00 to $181.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Royal Bank Of Canada raised their target price on shares of Gartner from $160.00 to $164.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 5th. Weiss Ratings upgraded shares of Gartner from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, August 13th. Morgan Stanley set a $177.00 price target on shares of Gartner in a research note on Wednesday, August 5th. Finally, UBS Group increased their price objective on shares of Gartner from $164.00 to $196.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Gartner presently has a consensus rating of “Hold” and a consensus price target of $187.30.

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.