Chilton Capital Management LLC Purchases Shares of 117 Gartner, Inc. $IT

Chilton Capital Management LLC acquired a new position in Gartner, Inc. (NYSE:IT) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 117 shares of the information technology services provider’s stock, valued at approximately $47,000.

Several other hedge funds also recently modified their holdings of IT. T. Rowe Price Investment Management Inc. raised its position in Gartner by 692.2% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,066,732 shares of the information technology services provider’s stock valued at $447,751,000 after buying an additional 932,077 shares during the last quarter. Nuveen LLC bought a new stake in shares of Gartner in the 1st quarter worth $128,318,000. JPMorgan Chase & Co. raised its holdings in shares of Gartner by 20.5% in the first quarter. JPMorgan Chase & Co. now owns 1,245,563 shares of the information technology services provider’s stock valued at $522,813,000 after purchasing an additional 211,842 shares during the last quarter. Generation Investment Management LLP lifted its position in shares of Gartner by 16.5% during the first quarter. Generation Investment Management LLP now owns 1,341,342 shares of the information technology services provider’s stock valued at $563,015,000 after purchasing an additional 189,514 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Gartner by 1.8% during the first quarter. Vanguard Group Inc. now owns 9,433,449 shares of the information technology services provider’s stock worth $3,959,596,000 after purchasing an additional 164,810 shares during the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Insider Transactions at Gartner

In other Gartner news, Director Jose M. Gutierrez purchased 417 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The shares were bought at an average cost of $239.80 per share, for a total transaction of $99,996.60. Following the purchase, the director owned 2,080 shares of the company’s stock, valued at $498,784. This represents a 25.08% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP John J. Rinello sold 105 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $249.71, for a total transaction of $26,219.55. Following the completion of the transaction, the senior vice president directly owned 3,225 shares of the company’s stock, valued at approximately $805,314.75. This trade represents a 3.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.60% of the stock is owned by company insiders.

Gartner Stock Performance

NYSE:IT opened at $250.40 on Monday. The company has a market capitalization of $18.97 billion, a P/E ratio of 15.41 and a beta of 1.20. The business has a fifty day simple moving average of $248.73 and a two-hundred day simple moving average of $339.59. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.11 and a quick ratio of 1.11. Gartner, Inc. has a 1 year low of $223.65 and a 1 year high of $584.01.

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

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. UBS Group increased their price objective on shares of Gartner from $270.00 to $280.00 and gave the company a “neutral” rating in a research note on Monday, October 6th. BMO Capital Markets decreased their price target on Gartner from $409.00 to $272.00 and set a “market perform” rating for the company in a research report on Wednesday, August 6th. Weiss Ratings cut Gartner from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Saturday. The Goldman Sachs Group decreased their target price on Gartner from $535.00 to $457.00 and set a “buy” rating for the company in a research report on Wednesday, August 6th. Finally, Truist Financial assumed coverage on shares of Gartner in a report on Thursday, October 16th. They issued a “buy” rating and a $300.00 price target on the stock. Four investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $346.20.

Gartner Profile

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.