Wealthfront Advisers LLC Has $6.62 Million Stock Position in Gartner, Inc. $IT

Wealthfront Advisers LLC grew its stake in Gartner, Inc. (NYSE:IT) by 715.2% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 25,166 shares of the information technology services provider’s stock after buying an additional 22,079 shares during the quarter. Wealthfront Advisers LLC’s holdings in Gartner were worth $6,615,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. ProShare Advisors LLC raised its stake in shares of Gartner by 7.6% in the 3rd quarter. ProShare Advisors LLC now owns 21,231 shares of the information technology services provider’s stock valued at $5,581,000 after purchasing an additional 1,503 shares during the period. Azzad Asset Management Inc. ADV bought a new position in shares of Gartner during the third quarter worth about $306,000. Smartleaf Asset Management LLC raised its position in Gartner by 28.2% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,365 shares of the information technology services provider’s stock valued at $357,000 after buying an additional 300 shares during the last quarter. Renaissance Group LLC lifted its stake in Gartner by 26.9% in the 3rd quarter. Renaissance Group LLC now owns 91,602 shares of the information technology services provider’s stock valued at $24,079,000 after acquiring an additional 19,406 shares in the last quarter. Finally, Eukles Asset Management boosted its position in Gartner by 5.0% during the 3rd quarter. Eukles Asset Management now owns 8,642 shares of the information technology services provider’s stock worth $2,272,000 after acquiring an additional 410 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Gartner

In other Gartner news, EVP Claire Herkes sold 367 shares of Gartner stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $231.56, for a total transaction of $84,982.52. Following the completion of the transaction, the executive vice president directly owned 4,074 shares of the company’s stock, valued at $943,375.44. The trade was a 8.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Stephen G. Pagliuca acquired 43,300 shares of the firm’s stock in a transaction on Wednesday, December 10th. The stock was bought at an average price of $229.57 per share, for a total transaction of $9,940,381.00. Following the completion of the acquisition, the director owned 111,613 shares of the company’s stock, valued at approximately $25,622,996.41. The trade was a 63.38% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 2.30% of the company’s stock.

Analyst Ratings Changes

IT has been the subject of several recent research reports. Barclays reduced their target price on shares of Gartner from $260.00 to $180.00 and set an “equal weight” rating for the company in a report on Thursday, February 5th. The Goldman Sachs Group restated a “buy” rating and issued a $220.00 price objective on shares of Gartner in a report on Thursday, February 5th. Wells Fargo & Company dropped their target price on Gartner from $218.00 to $150.00 and set an “underweight” rating on the stock in a report on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft set a $204.00 price target on Gartner in a research note on Wednesday, February 4th. Finally, BMO Capital Markets reiterated a “market perform” rating on shares of Gartner in a research note on Thursday, February 5th. 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. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $190.70.

Gartner Trading Down 5.1%

Gartner stock opened at $153.36 on Friday. Gartner, Inc. has a 52 week low of $139.18 and a 52 week high of $519.37. The company has a debt-to-equity ratio of 4.42, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a market capitalization of $11.05 billion, a P/E ratio of 15.89 and a beta of 1.06. The stock has a 50-day simple moving average of $225.34 and a 200 day simple moving average of $240.79.

Gartner (NYSE:IT) last released its quarterly earnings data on Tuesday, February 3rd. The information technology services provider reported $3.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.50 by $0.44. Gartner had a return on equity of 83.48% and a net margin of 11.22%.The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.75 billion. During the same quarter in the prior year, the company earned $5.45 earnings per share. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. Gartner has set its FY 2026 guidance at 12.300- EPS. Analysts expect that Gartner, Inc. will post 12.5 earnings per share for the current 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.