Insider Selling: Gartner (NYSE:IT) EVP Sells $644,127.00 in Stock

Gartner, Inc. (NYSE:IT) EVP Robin Kranich sold 3,278 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $196.50, for a total value of $644,127.00. Following the transaction, the executive vice president owned 20,358 shares of the company’s stock, valued at approximately $4,000,347. This trade represents a 13.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Gartner Trading Down 1.6%

Shares of Gartner stock opened at $186.84 on Thursday. Gartner, Inc. has a 1 year low of $124.25 and a 1 year high of $265.85. The company’s fifty day simple moving average is $161.57 and its 200-day simple moving average is $156.95. The company has a market cap of $11.80 billion, a price-to-earnings ratio of 16.76, a PEG ratio of 0.66 and a beta of 0.96. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 46.98.

Gartner (NYSE:IT) last released its earnings results on Tuesday, August 4th. The information technology services provider reported $4.37 EPS for the quarter, beating the consensus estimate of $3.76 by $0.61. The firm had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Gartner had a net margin of 11.99% and a return on equity of 525.46%. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the company earned $3.53 EPS. Gartner has set its FY 2026 guidance at 14.000- EPS. As a group, sell-side analysts expect that Gartner, Inc. will post 14.42 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Morgan Stanley set a $177.00 target price on Gartner in a research report on Wednesday, August 5th. BMO Capital Markets cut their price target on Gartner from $214.00 to $206.00 and set a “market perform” rating for the company in a report on Tuesday, August 18th. Wells Fargo & Company boosted their price objective on Gartner from $120.00 to $150.00 and gave the company an “underweight” rating in a research report on Wednesday, August 5th. Zacks Research upgraded Gartner from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. Finally, UBS Group raised their target price on Gartner from $164.00 to $196.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $187.30.

Hedge Funds Weigh In On Gartner

A number of hedge funds have recently modified their holdings of the stock. Oppenheimer Asset Management Inc. bought a new position in Gartner during the 2nd quarter valued at about $2,872,000. Plato Investment Management Ltd increased its holdings in shares of Gartner by 293.4% during the fourth quarter. Plato Investment Management Ltd now owns 9,002 shares of the information technology services provider’s stock worth $2,282,000 after buying an additional 6,714 shares in the last quarter. Wedge Capital Management L L P NC boosted its holdings in shares of Gartner by 34.1% in the 2nd quarter. Wedge Capital Management L L P NC now owns 54,196 shares of the information technology services provider’s stock worth $7,025,000 after acquiring an additional 13,776 shares in the last quarter. Bank of America Corp DE grew its position in Gartner by 60.1% during the 1st quarter. Bank of America Corp DE now owns 773,771 shares of the information technology services provider’s stock worth $122,519,000 after acquiring an additional 290,499 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Gartner by 4.9% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 163,735 shares of the information technology services provider’s stock valued at $38,810,000 after purchasing an additional 7,717 shares during the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

About Gartner

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.