Nomura Holdings Inc. purchased a new stake in shares of Gartner, Inc. (NYSE:IT – Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,564 shares of the information technology services provider’s stock, valued at approximately $706,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Morgan Stanley grew its position in Gartner by 4.6% during the third quarter. Morgan Stanley now owns 2,157,075 shares of the information technology services provider’s stock worth $741,193,000 after buying an additional 95,040 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Gartner by 12.0% in the fourth quarter. Wellington Management Group LLP now owns 1,852,820 shares of the information technology services provider’s stock worth $835,826,000 after purchasing an additional 198,274 shares during the last quarter. Brown Advisory Inc. raised its stake in Gartner by 4.6% in the fourth quarter. Brown Advisory Inc. now owns 1,208,914 shares of the information technology services provider’s stock valued at $545,353,000 after purchasing an additional 52,826 shares in the last quarter. Franklin Resources Inc. lifted its position in Gartner by 18.5% during the fourth quarter. Franklin Resources Inc. now owns 920,716 shares of the information technology services provider’s stock valued at $415,344,000 after purchasing an additional 143,556 shares during the last quarter. Finally, Norges Bank purchased a new position in Gartner in the 4th quarter worth approximately $388,781,000. 91.51% of the stock is owned by hedge funds and other institutional investors.
Gartner Price Performance
IT opened at $450.48 on Friday. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.91 and a quick ratio of 0.91. Gartner, Inc. has a 1 year low of $323.61 and a 1 year high of $486.54. The stock’s 50 day simple moving average is $439.74 and its 200 day simple moving average is $452.09. The firm has a market cap of $34.97 billion, a price-to-earnings ratio of 44.82, a PEG ratio of 3.91 and a beta of 1.32.
Insider Buying and Selling at Gartner
In other news, EVP Yvonne Genovese sold 439 shares of the stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $456.13, for a total transaction of $200,241.07. Following the completion of the sale, the executive vice president now directly owns 1,959 shares in the company, valued at $893,558.67. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Gartner news, Director James C. Smith sold 10,000 shares of the business’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $455.20, for a total transaction of $4,552,000.00. Following the transaction, the director now directly owns 608,369 shares of the company’s stock, valued at approximately $276,929,568.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Yvonne Genovese sold 439 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $456.13, for a total transaction of $200,241.07. Following the completion of the sale, the executive vice president now directly owns 1,959 shares of the company’s stock, valued at $893,558.67. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,544 shares of company stock worth $10,079,813. 3.60% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Gartner in a report on Tuesday, April 16th. They set a “hold” rating and a $507.00 price objective for the company. BMO Capital Markets cut their price objective on Gartner from $450.00 to $432.00 and set a “market perform” rating for the company in a report on Thursday, May 2nd. StockNews.com lowered Gartner from a “buy” rating to a “hold” rating in a research report on Friday. Robert W. Baird dropped their target price on Gartner from $536.00 to $517.00 and set an “outperform” rating for the company in a research report on Wednesday, May 1st. Finally, UBS Group reduced their price target on shares of Gartner from $550.00 to $510.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Gartner currently has an average rating of “Hold” and a consensus target price of $474.50.
Check Out Our Latest Report on Gartner
About Gartner
Gartner, Inc operates as a research and advisory company in the United States, Canada, Europe, the Middle East, Africa, and internationally. It operates through three segments: Research, Conferences, and Consulting. The Research segment delivers its research primarily through a subscription service that include on-demand access to published research content, data and benchmarks, and direct access to a network of research experts.
Read More
- Five stocks we like better than Gartner
- How to Capture the Benefits of Dividend Increases
- Darden Stock Up After Q4 Earnings Beat, Cautious FY25 Outlook
- Election Stocks: How Elections Affect the Stock Market
- Celsius Stock: Why Piper Sandler Forecasts a 50% Surge
- When to Sell a Stock for Profit or Loss
- Accenture’s Stock Earnings Reveal an AI-Powered Growth Strategy
Receive News & Ratings for Gartner Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gartner and related companies with MarketBeat.com's FREE daily email newsletter.