JPMorgan Chase & Co. Decreases Position in Gartner, Inc. $IT

JPMorgan Chase & Co. decreased its holdings in Gartner, Inc. (NYSE:IT) by 19.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 917,211 shares of the information technology services provider’s stock after selling 223,506 shares during the period. JPMorgan Chase & Co.’s holdings in Gartner were worth $241,112,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in Gartner by 1.5% in the second quarter. Vanguard Group Inc. now owns 9,572,283 shares of the information technology services provider’s stock valued at $3,869,308,000 after purchasing an additional 138,834 shares during the period. State Street Corp increased its holdings in Gartner by 2.9% during the 2nd quarter. State Street Corp now owns 3,413,397 shares of the information technology services provider’s stock worth $1,379,763,000 after purchasing an additional 96,172 shares during the period. Geode Capital Management LLC increased its holdings in Gartner by 4.1% during the 2nd quarter. Geode Capital Management LLC now owns 2,258,233 shares of the information technology services provider’s stock worth $910,481,000 after purchasing an additional 89,877 shares during the period. Sustainable Growth Advisers LP increased its holdings in Gartner by 71.7% during the 2nd quarter. Sustainable Growth Advisers LP now owns 1,161,513 shares of the information technology services provider’s stock worth $469,507,000 after purchasing an additional 485,188 shares during the period. Finally, Norges Bank acquired a new stake in Gartner in the 2nd quarter valued at about $394,133,000. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on IT shares. Morgan Stanley lowered their price objective on Gartner from $275.00 to $200.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 4th. Truist Financial decreased their price target on shares of Gartner from $300.00 to $170.00 and set a “buy” rating for the company in a research note on Friday, February 6th. Deutsche Bank Aktiengesellschaft set a $204.00 price target on shares of Gartner in a report on Wednesday, February 4th. BMO Capital Markets restated a “market perform” rating on shares of Gartner in a report on Thursday, February 5th. Finally, Royal Bank Of Canada set a $175.00 price objective on shares of Gartner in a research report on Wednesday, February 4th. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $190.70.

Insider Buying and Selling at Gartner

In other news, Director Stephen G. Pagliuca bought 43,300 shares of Gartner stock in a transaction dated Wednesday, December 10th. The stock was acquired at an average cost of $229.57 per share, with a total value of $9,940,381.00. Following the acquisition, the director owned 111,613 shares of the company’s stock, valued at approximately $25,622,996.41. This trade represents a 63.38% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Claire Herkes sold 367 shares of the firm’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $231.56, for a total value of $84,982.52. Following the transaction, the executive vice president owned 4,074 shares in the company, valued at $943,375.44. This represents a 8.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.30% of the stock is currently owned by insiders.

Gartner Stock Performance

Shares of Gartner stock opened at $153.80 on Friday. The firm has a market capitalization of $11.09 billion, a P/E ratio of 15.94, a P/E/G ratio of 1.57 and a beta of 1.06. Gartner, Inc. has a 52 week low of $139.18 and a 52 week high of $507.79. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 9.30. The firm’s 50 day moving average is $216.59 and its two-hundred day moving average is $233.12.

Gartner (NYSE:IT) last issued its quarterly earnings data on Tuesday, February 3rd. The information technology services provider reported $3.94 earnings per share for the quarter, topping the consensus estimate of $3.50 by $0.44. The business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.75 billion. Gartner had a net margin of 11.22% and a return on equity of 102.20%. The company’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.45 EPS. Gartner has set its FY 2026 guidance at 12.300- EPS. Research analysts forecast that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

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.