29,034 Shares in Gartner, Inc. $IT Acquired by Ceera Investments LLC

Ceera Investments LLC acquired a new stake in shares of Gartner, Inc. (NYSE:IT) in the third quarter, HoldingsChannel.com reports. The fund acquired 29,034 shares of the information technology services provider’s stock, valued at approximately $7,632,000. Gartner makes up approximately 2.4% of Ceera Investments LLC’s portfolio, making the stock its 7th largest position.

A number of other institutional investors have also recently made changes to their positions in the business. Addison Advisors LLC purchased a new stake in shares of Gartner in the second quarter valued at $27,000. True Wealth Design LLC grew its position in 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 buying an additional 147 shares in the last quarter. Chilton Capital Management LLC bought a new stake in Gartner in the second quarter valued at about $47,000. Versant Capital Management Inc boosted its position in Gartner by 1,284.6% during the third quarter. Versant Capital Management Inc now owns 180 shares of the information technology services provider’s stock valued at $47,000 after purchasing an additional 167 shares during the last quarter. Finally, Osterweis Capital Management Inc. bought a new position in shares of Gartner during the second quarter worth approximately $48,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insider Transactions at Gartner

In related news, EVP Claire Herkes sold 367 shares of the firm’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $231.56, for a total transaction of $84,982.52. Following the sale, the executive vice president owned 4,074 shares of the company’s stock, valued at $943,375.44. This trade represents a 8.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Stephen G. Pagliuca purchased 43,300 shares of the stock in a transaction on Wednesday, December 10th. The shares were purchased at an average price of $229.57 per share, with a total value of $9,940,381.00. Following the acquisition, the director owned 111,613 shares in the company, valued at approximately $25,622,996.41. The trade was a 63.38% increase in their position. The SEC filing for this purchase provides additional information. 2.30% of the stock is owned by insiders.

Gartner Trading Up 2.8%

Shares of IT opened at $156.29 on Friday. The company has a debt-to-equity ratio of 4.42, a quick ratio of 0.88 and a current ratio of 0.88. Gartner, Inc. has a one year low of $139.18 and a one year high of $535.94. The stock has a 50-day moving average price of $231.12 and a 200 day moving average price of $246.30. The company has a market capitalization of $11.27 billion, a P/E ratio of 16.20 and a beta of 1.06.

Gartner (NYSE:IT) last released its quarterly earnings results on Tuesday, February 3rd. The information technology services provider reported $3.94 EPS for the quarter, topping the consensus estimate of $3.50 by $0.44. Gartner had a net margin of 11.22% and a return on equity of 83.48%. The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.75 billion. During the same quarter in the prior year, the firm earned $5.45 earnings per share. The company’s quarterly revenue was up 2.2% on a year-over-year basis. Gartner has set its FY 2026 guidance at 12.300- EPS. Sell-side analysts forecast that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently weighed in on IT. Truist Financial dropped their price objective on Gartner from $300.00 to $170.00 and set a “buy” rating for the company in a research report on Friday. BMO Capital Markets reiterated a “market perform” rating on shares of Gartner in a research note on Thursday. Morgan Stanley reduced their target price on Gartner from $275.00 to $200.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Weiss Ratings reissued a “sell (d+)” rating on shares of Gartner in a report on Thursday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft set a $204.00 price objective on shares of Gartner in a research report on Wednesday. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $190.70.

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.