VIRGINIA RETIREMENT SYSTEMS ET Al Invests $1.69 Million in Gartner, Inc. $IT

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Gartner, Inc. (NYSE:IT) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 13,000 shares of the information technology services provider’s stock, valued at approximately $1,685,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. California State Teachers Retirement System boosted its holdings in Gartner by 9,136.9% during the second quarter. California State Teachers Retirement System now owns 9,852,805 shares of the information technology services provider’s stock worth $1,277,121,000 after buying an additional 9,746,137 shares in the last quarter. Bamco Inc. NY bought a new position in shares of Gartner in the second quarter valued at $985,243,000. BlackRock Inc. acquired a new stake in shares of Gartner during the 2nd quarter valued at $676,246,000. J. Stern & Co. LLP lifted its position in shares of Gartner by 8,182.0% during the 4th quarter. J. Stern & Co. LLP now owns 1,536,890 shares of the information technology services provider’s stock valued at $387,727,000 after acquiring an additional 1,518,333 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Gartner during the 4th quarter worth $299,576,000. 91.51% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on IT. Royal Bank Of Canada boosted their target price on Gartner from $160.00 to $164.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 5th. Morgan Stanley set a $177.00 price target on Gartner in a research note on Wednesday, August 5th. BMO Capital Markets cut their price objective on Gartner from $214.00 to $206.00 and set a “market perform” rating on the stock in a report on Tuesday, August 18th. Truist Financial set a $205.00 price objective on shares of Gartner in a research note on Wednesday, August 5th. Finally, Weiss Ratings upgraded shares of Gartner from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $187.30.

Gartner Stock Performance

Shares of Gartner stock opened at $179.25 on Friday. Gartner, Inc. has a 12 month low of $124.25 and a 12 month high of $265.85. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 46.98. The stock has a market cap of $11.32 billion, a PE ratio of 16.08, a price-to-earnings-growth ratio of 0.64 and a beta of 0.96. The business has a fifty day simple moving average of $168.16 and a 200-day simple moving average of $158.05.

Gartner (NYSE:IT) last posted its quarterly earnings results on Tuesday, August 4th. The information technology services provider reported $4.37 earnings per share for the quarter, beating the consensus estimate of $3.76 by $0.61. Gartner had a return on equity of 525.46% and a net margin of 11.99%.The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same period in the previous year, the firm earned $3.53 earnings per share. Gartner’s quarterly revenue was down .6% on a year-over-year basis. Gartner has set its FY 2026 guidance at 14.000- EPS. On average, sell-side analysts anticipate that Gartner, Inc. will post 14.39 EPS for the current fiscal year.

Insider Activity at Gartner

In other Gartner news, EVP Akhil Jain sold 700 shares of Gartner stock in a transaction on Monday, August 24th. The shares were sold at an average price of $201.73, for a total transaction of $141,211.00. Following the completion of the sale, the executive vice president owned 8,130 shares of the company’s stock, valued at $1,640,064.90. This trade represents a 7.93% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Yvonne Genovese sold 1,205 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $190.06, for a total value of $229,022.30. Following the sale, the executive vice president owned 6,208 shares of the company’s stock, valued at approximately $1,179,892.48. This represents a 16.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 6,043 shares of company stock valued at $1,172,858 over the last ninety days. 2.60% of the stock is owned by company insiders.

About Gartner

Gartner, Inc (NYSE: IT) is a global research and advisory company that provides independent insights, practical guidance and tools to help organizations make decisions about technology, business strategy and operations. Its clients include businesses, government agencies and other institutions across a wide range of industries and geographies.

The company’s primary offerings include subscription-based research, analyst advice, benchmarking data, consulting services and executive programs.