Pure Financial Advisors LLC Invests $380,000 in Gartner, Inc. $IT

Pure Financial Advisors LLC acquired a new position in shares of Gartner, Inc. (NYSE:IT) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,930 shares of the information technology services provider’s stock, valued at approximately $380,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC bought a new stake in Gartner during the fourth quarter valued at about $309,000. Sivia Capital Partners LLC bought a new position in shares of Gartner in the second quarter worth about $336,000. Cresset Asset Management LLC increased its stake in shares of Gartner by 15.2% in the second quarter. Cresset Asset Management LLC now owns 1,446 shares of the information technology services provider’s stock worth $585,000 after purchasing an additional 191 shares during the period. Sei Investments Co. lifted its position in shares of Gartner by 9.2% during the 2nd quarter. Sei Investments Co. now owns 91,205 shares of the information technology services provider’s stock worth $36,867,000 after purchasing an additional 7,678 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Gartner by 111.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 95,301 shares of the information technology services provider’s stock worth $38,523,000 after purchasing an additional 50,251 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have issued reports on IT shares. UBS Group raised their target price on Gartner from $164.00 to $196.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. The Goldman Sachs Group upped their price target on Gartner from $162.00 to $181.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Weiss Ratings raised 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 objective on shares of Gartner in a research note on Wednesday, August 5th. Finally, BMO Capital Markets dropped 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 report on Tuesday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $187.30.

Insider Activity

In related news, EVP Yvonne Genovese sold 1,205 shares of the company’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $190.06, for a total value of $229,022.30. Following the completion of the transaction, the executive vice president directly owned 6,208 shares in the company, valued at approximately $1,179,892.48. This represents a 16.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Akhil Jain sold 700 shares of the firm’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $201.73, for a total value of $141,211.00. Following the completion of the transaction, the executive vice president directly owned 8,130 shares of the company’s stock, valued at approximately $1,640,064.90. This trade represents a 7.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 2,765 shares of company stock worth $528,731. Company insiders own 2.60% of the company’s stock.

Gartner Stock Up 1.7%

IT stock opened at $196.26 on Friday. Gartner, Inc. has a twelve month low of $124.25 and a twelve month high of $265.85. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 46.98. The company has a market cap of $12.39 billion, a PE ratio of 17.60, a price-to-earnings-growth ratio of 0.67 and a beta of 0.94. The business’s 50-day simple moving average is $156.37 and its 200 day simple moving average is $155.97.

Gartner (NYSE:IT) last posted its quarterly 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. 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 quarter in the prior year, the firm posted $3.53 EPS. The company’s revenue for the quarter was down .6% on a year-over-year basis. Gartner has set its FY 2026 guidance at 14.000- EPS. On average, research analysts anticipate that Gartner, Inc. will post 14.42 earnings per share for the current year.

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.