Public Employees Retirement System of Ohio Takes $2.41 Million Position in Gartner, Inc. $IT

Public Employees Retirement System of Ohio purchased a new stake in shares of Gartner, Inc. (NYSE:IT) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 18,596 shares of the information technology services provider’s stock, valued at approximately $2,410,000.

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

Gartner Trading Down 4.7%

NYSE:IT opened at $186.19 on Friday. The stock has a market cap of $11.76 billion, a price-to-earnings ratio of 16.70, a PEG ratio of 0.64 and a beta of 0.96. 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’s 50 day moving average price is $163.98 and its 200-day moving average price is $157.41. Gartner, Inc. has a 52 week low of $124.25 and a 52 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 for the quarter, topping analysts’ consensus estimates of $3.76 by $0.61. The company had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.65 billion. Gartner had a net margin of 11.99% and a return on equity of 525.46%. The firm’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the previous year, the business earned $3.53 EPS. Gartner has set its FY 2026 guidance at 14.000- EPS. On average, equities research analysts forecast that Gartner, Inc. will post 14.39 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on IT. Royal Bank Of Canada lifted their target price on shares of Gartner from $160.00 to $164.00 and gave the company a “sector perform” 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. Truist Financial set a $205.00 price objective on Gartner in a research note on Wednesday, August 5th. Zacks Research raised Gartner from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Finally, UBS Group increased their target price on Gartner from $164.00 to $196.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $187.30.

Insider Transactions at Gartner

In other Gartner news, EVP Yvonne Genovese sold 1,205 shares of the business’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $190.06, for a total transaction of $229,022.30. Following the completion of the sale, the executive vice president directly owned 6,208 shares in the company, valued at $1,179,892.48. The trade was a 16.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Anne Fuchs sold 860 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $184.30, for a total transaction of $158,498.00. Following the sale, the director directly owned 8,097 shares of the company’s stock, valued at $1,492,277.10. The trade was a 9.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 6,043 shares of company stock valued at $1,172,858. Company insiders own 2.60% of the company’s stock.

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.