Copperwynd Financial LLC Acquires 150 Shares of Gartner, Inc. $IT

Copperwynd Financial LLC grew its position in Gartner, Inc. (NYSE:IT) by 6.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,332 shares of the information technology services provider’s stock after purchasing an additional 150 shares during the quarter. Copperwynd Financial LLC’s holdings in Gartner were worth $943,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Ransom Advisory Ltd bought a new position in shares of Gartner in the first quarter valued at approximately $29,000. Olde Wealth Management LLC bought a new position in shares of Gartner in the first quarter valued at approximately $42,000. GW&K Investment Management LLC raised its position in shares of Gartner by 210.8% in the first quarter. GW&K Investment Management LLC now owns 115 shares of the information technology services provider’s stock valued at $48,000 after purchasing an additional 78 shares during the period. Wayfinding Financial LLC bought a new position in shares of Gartner in the first quarter valued at approximately $55,000. Finally, Bayforest Capital Ltd raised its position in shares of Gartner by 527.3% in the first quarter. Bayforest Capital Ltd now owns 138 shares of the information technology services provider’s stock valued at $58,000 after purchasing an additional 116 shares during the period. Institutional investors own 91.51% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on IT shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Gartner in a research report on Wednesday. BMO Capital Markets lowered their price objective on shares of Gartner from $409.00 to $272.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 6th. Barclays lowered their price objective on shares of Gartner from $475.00 to $320.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 6th. Wolfe Research started coverage on shares of Gartner in a research note on Wednesday, September 3rd. They issued a “peer perform” rating on the stock. Finally, The Goldman Sachs Group lowered their price objective on shares of Gartner from $535.00 to $457.00 and set a “buy” rating on the stock in a research note on Wednesday, August 6th. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $358.56.

Insider Activity

In other news, Director Jose M. Gutierrez acquired 417 shares of the company’s stock in a transaction on Monday, August 18th. The stock was purchased at an average cost of $239.80 per share, with a total value of $99,996.60. Following the acquisition, the director owned 2,080 shares of the company’s stock, valued at $498,784. This trade represents a 25.08% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP John J. Rinello sold 105 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $249.71, for a total value of $26,219.55. Following the sale, the senior vice president directly owned 3,225 shares of the company’s stock, valued at $805,314.75. This represents a 3.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.

Gartner Stock Down 0.6%

Shares of NYSE:IT opened at $243.89 on Thursday. Gartner, Inc. has a 52 week low of $223.65 and a 52 week high of $584.01. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.11 and a current ratio of 1.11. The company’s fifty day moving average is $252.63 and its 200-day moving average is $354.00. The company has a market capitalization of $18.47 billion, a PE ratio of 15.01 and a beta of 1.20.

Gartner (NYSE:IT) last issued its quarterly earnings results on Tuesday, August 5th. The information technology services provider reported $3.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.38 by $0.15. The business had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.68 billion. Gartner had a net margin of 19.71% and a return on equity of 82.63%. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.22 EPS. Gartner has set its FY 2025 guidance at 11.750- EPS. Equities research analysts predict that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

About Gartner

Gartner, Inc operates as a research and advisory company in the United States, Canada, Europe, the Middle East, Africa, and internationally. It operates through three segments: Research, Conferences, and Consulting. The Research segment delivers its research primarily through a subscription service that include on-demand access to published research content, data and benchmarks, and direct access to a network of research experts.