Connor Clark & Lunn Investment Management Ltd. Invests $30.29 Million in Gartner, Inc. $IT

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Gartner, Inc. (NYSE:IT) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 233,703 shares of the information technology services provider’s stock, valued at approximately $30,293,000.

A number of other institutional investors have also recently made changes to their positions in the business. Physician Wealth Advisors Inc. grew its stake in Gartner by 143.9% during the 4th quarter. Physician Wealth Advisors Inc. now owns 100 shares of the information technology services provider’s stock worth $25,000 after buying an additional 59 shares during the last quarter. DV Equities LLC acquired a new position in Gartner during the 4th quarter valued at about $25,000. Entrust Financial LLC purchased a new stake in Gartner in the fourth quarter valued at about $26,000. Elyxium Wealth LLC purchased a new stake in Gartner in the fourth quarter valued at about $28,000. Finally, Activest Wealth Management boosted its holdings in Gartner by 11,600.0% in the fourth quarter. Activest Wealth Management now owns 117 shares of the information technology services provider’s stock worth $30,000 after acquiring an additional 116 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company boosted their price target on Gartner from $120.00 to $150.00 and gave the stock an “underweight” rating in a research note on Wednesday, August 5th. BMO Capital Markets lowered their target price on shares of Gartner from $214.00 to $206.00 and set a “market perform” rating for the company in a research note on Tuesday, August 18th. Weiss Ratings raised shares of Gartner from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, August 13th. Morgan Stanley set a $177.00 price target on shares of Gartner in a research note on Wednesday, August 5th. Finally, UBS Group raised their price target on shares of Gartner from $164.00 to $196.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $187.30.

Insider Activity at Gartner

In related news, EVP Yvonne Genovese sold 1,205 shares of the stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $190.06, for a total value of $229,022.30. Following the transaction, the executive vice president owned 6,208 shares in the company, valued at approximately $1,179,892.48. This represents a 16.26% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Anne Sutherland Fuchs sold 860 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $184.30, for a total transaction of $158,498.00. Following the transaction, the director directly owned 8,097 shares of the company’s stock, valued at $1,492,277.10. This represents a 9.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.60% of the stock is currently owned by corporate insiders.

Gartner Stock Up 3.5%

Gartner stock opened at $202.70 on Tuesday. The business’s 50-day simple moving average is $152.74 and its two-hundred day simple moving average is $155.13. The company has a debt-to-equity ratio of 46.98, a quick ratio of 0.88 and a current ratio of 0.88. The company has a market cap of $12.80 billion, a PE ratio of 18.18, a PEG ratio of 0.68 and a beta of 0.94. Gartner, Inc. has a fifty-two week low of $124.25 and a fifty-two week high of $265.85.

Gartner (NYSE:IT) last announced its quarterly earnings data on Tuesday, August 4th. The information technology services provider reported $4.37 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $1.65 billion. During the same period last year, the business posted $3.53 earnings per share. The company’s revenue for the quarter was down .6% compared to the same quarter last year. Gartner has set its FY 2026 guidance at 14.000- EPS. Equities analysts anticipate that Gartner, Inc. will post 14.42 EPS 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.