Gartner, Inc. $IT Shares Bought by Monte Financial Group LLC

Monte Financial Group LLC grew its stake in Gartner, Inc. (NYSE:IT) by 169.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,321 shares of the information technology services provider’s stock after purchasing an additional 3,347 shares during the quarter. Monte Financial Group LLC’s holdings in Gartner were worth $1,399,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Addison Advisors LLC bought a new position in Gartner during the second quarter worth $27,000. True Wealth Design LLC raised its holdings in shares of Gartner by 1,130.8% during the third quarter. True Wealth Design LLC now owns 160 shares of the information technology services provider’s stock worth $42,000 after purchasing an additional 147 shares during the period. Chilton Capital Management LLC acquired a new stake in shares of Gartner during the second quarter worth $47,000. Versant Capital Management Inc lifted its position in shares of Gartner by 1,284.6% in the 3rd quarter. Versant Capital Management Inc now owns 180 shares of the information technology services provider’s stock worth $47,000 after buying an additional 167 shares during the last quarter. Finally, Osterweis Capital Management Inc. bought a new stake in shares of Gartner during the 2nd quarter valued at about $48,000. Institutional investors own 91.51% of the company’s stock.

Insider Buying and Selling at Gartner

In other Gartner news, EVP Claire Herkes sold 367 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $231.56, for a total transaction of $84,982.52. Following the sale, the executive vice president directly owned 4,074 shares in the company, valued at approximately $943,375.44. The trade was a 8.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP John J. Rinello sold 220 shares of the stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $229.57, for a total transaction of $50,505.40. Following the completion of the transaction, the senior vice president owned 3,046 shares of the company’s stock, valued at $699,270.22. This trade represents a 6.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 3.60% of the stock is owned by corporate insiders.

Gartner Stock Performance

Shares of IT stock opened at $231.69 on Monday. Gartner, Inc. has a 12-month low of $221.16 and a 12-month high of $584.01. The company has a debt-to-equity ratio of 4.42, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market capitalization of $16.70 billion, a price-to-earnings ratio of 20.32 and a beta of 1.07. The business has a 50 day simple moving average of $238.19 and a 200 day simple moving average of $256.69.

Gartner (NYSE:IT) last announced its quarterly earnings results on Tuesday, November 4th. The information technology services provider reported $2.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.41 by $0.35. Gartner had a return on equity of 92.12% and a net margin of 13.71%.The company had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.52 billion. Gartner has set its FY 2025 guidance at 12.650- EPS. On average, equities research analysts anticipate that Gartner, Inc. will post 12.5 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on IT. William Blair reissued an “outperform” rating on shares of Gartner in a report on Tuesday, October 21st. Truist Financial set a $300.00 price target on Gartner in a report on Wednesday, November 26th. Wells Fargo & Company reduced their price objective on Gartner from $231.00 to $218.00 and set an “underweight” rating for the company in a research report on Wednesday, November 5th. UBS Group upped their price objective on Gartner from $256.00 to $270.00 and gave the stock a “neutral” rating in a research note on Friday, January 9th. Finally, Morgan Stanley dropped their target price on Gartner from $281.00 to $275.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 17th. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $309.67.

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.