Akhil Jain Sells 700 Shares of Gartner (NYSE:IT) Stock

Gartner, Inc. (NYSE:IT) EVP Akhil Jain sold 700 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $201.73, for a total transaction of $141,211.00. Following the completion of the sale, the executive vice president directly owned 8,130 shares of the company’s stock, valued at $1,640,064.90. This represents a 7.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Gartner Stock Performance

Shares of NYSE IT opened at $196.26 on Friday. The business’s 50-day simple moving average is $156.37 and its 200-day simple moving average is $155.97. The company has a debt-to-equity ratio of 46.98, a quick ratio of 0.88 and a current ratio of 0.88. Gartner, Inc. has a 52 week low of $124.25 and a 52 week high of $265.85. The firm has a market cap of $12.39 billion, a price-to-earnings ratio of 17.60, a P/E/G ratio of 0.67 and a beta of 0.94.

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

Wall Street Analysts Forecast Growth

IT has been the topic of several recent analyst reports. The Goldman Sachs Group boosted their price target on Gartner from $162.00 to $181.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Weiss Ratings raised Gartner from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, August 13th. BMO Capital Markets reduced their target price on shares of Gartner from $214.00 to $206.00 and set a “market perform” rating on the stock in a research note on Tuesday, August 18th. Wells Fargo & Company upped their target price on shares of Gartner from $120.00 to $150.00 and gave the stock an “underweight” rating in a report on Wednesday, August 5th. Finally, Zacks Research upgraded shares of Gartner from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. One 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 has a consensus rating of “Hold” and an average price target of $187.30.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in IT. California State Teachers Retirement System grew its stake in shares of Gartner by 9,136.9% during the second quarter. California State Teachers Retirement System now owns 9,852,805 shares of the information technology services provider’s stock worth $1,277,121,000 after purchasing an additional 9,746,137 shares during the period. Bamco Inc. NY acquired a new position in Gartner in the second quarter valued at about $985,243,000. BlackRock Inc. bought a new position in Gartner during the second quarter worth about $676,246,000. Capital International Investors boosted its holdings in Gartner by 28.3% during the fourth quarter. Capital International Investors now owns 4,004,093 shares of the information technology services provider’s stock worth $1,010,153,000 after buying an additional 884,250 shares during the last quarter. Finally, State Street Corp grew its position in shares of Gartner by 2.8% during the 3rd quarter. State Street Corp now owns 3,510,206 shares of the information technology services provider’s stock worth $922,728,000 after buying an additional 96,809 shares during the period. 91.51% of the stock is currently 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.