Gartner (NYSE:IT) EVP Robin Kranich Sells 3,278 Shares of Stock

Gartner, Inc. (NYSE:IT) EVP Robin Kranich sold 3,278 shares of the business’s stock in a transaction dated 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. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Gartner Stock Down 0.1%

NYSE:IT opened at $198.14 on Tuesday. The stock has a 50-day simple moving average of $159.23 and a 200 day simple moving average of $156.51. Gartner, Inc. has a 52-week low of $124.25 and a 52-week high of $265.85. The company has a market cap of $12.51 billion, a PE ratio of 17.77, a PEG ratio of 0.68 and a beta of 0.94. 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 earnings results 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 firm had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.65 billion. Gartner had a return on equity of 525.46% and a net margin of 11.99%.The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.53 EPS. Gartner has set its FY 2026 guidance at 14.000- EPS. On average, sell-side analysts expect that Gartner, Inc. will post 14.42 EPS for the current fiscal year.

Hedge Funds Weigh In On Gartner

Large investors have recently made changes to their positions in the company. DV Equities LLC acquired a new position in Gartner in the 4th quarter valued at $25,000. Entrust Financial LLC bought a new stake in shares of Gartner in the fourth quarter valued at about $26,000. Bell Investment Advisors Inc grew its stake in shares of Gartner by 75.5% in the first 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 bought a new position in Gartner during the fourth quarter worth about $28,000. Finally, Cassaday & Co Wealth Management LLC bought a new position in Gartner during the first quarter worth about $34,000. Institutional investors own 91.51% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on IT. The Goldman Sachs Group lifted their price target on shares of Gartner from $162.00 to $181.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Wells Fargo & Company raised their price objective on Gartner from $120.00 to $150.00 and gave the company an “underweight” rating in a report on Wednesday, August 5th. Morgan Stanley set a $177.00 target price on Gartner in a research report on Wednesday, August 5th. Zacks Research raised Gartner from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. Finally, Royal Bank Of Canada raised their price target on Gartner from $160.00 to $164.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Gartner has a consensus rating of “Hold” and a consensus price target of $187.30.

Gartner Company 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.