Nissay Asset Management Corp Japan ADV Buys 126 Shares of Gartner, Inc. $IT

by · The Cerbat Gem

Nissay Asset Management Corp Japan ADV lifted its stake in shares of Gartner, Inc. (NYSE:IT – Free Report) by 1.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,842 shares of the information technology services provider’s stock after purchasing an additional 126 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in Gartner were worth $4,131,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in IT. T. Rowe Price Investment Management Inc. raised its stake in shares of Gartner by 692.2% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,066,732 shares of the information technology services provider’s stock worth $447,751,000 after purchasing an additional 932,077 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Gartner by 40,841.0% during the 1st quarter. GAMMA Investing LLC now owns 499,071 shares of the information technology services provider’s stock worth $209,480,000 after purchasing an additional 497,852 shares in the last quarter. Nuveen LLC bought a new stake in shares of Gartner during the 1st quarter worth approximately $128,318,000. JPMorgan Chase & Co. raised its stake in shares of Gartner by 20.5% during the 1st quarter. JPMorgan Chase & Co. now owns 1,245,563 shares of the information technology services provider’s stock worth $522,813,000 after purchasing an additional 211,842 shares in the last quarter. Finally, Millennium Management LLC raised its stake in shares of Gartner by 178.0% during the 4th quarter. Millennium Management LLC now owns 297,277 shares of the information technology services provider’s stock worth $144,022,000 after purchasing an additional 190,326 shares in the last quarter. Institutional investors own 91.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on IT. UBS Group reissued a “neutral” rating and set a $270.00 target price (down from $480.00) on shares of Gartner in a report on Wednesday, August 6th. The Goldman Sachs Group decreased their target price on Gartner from $535.00 to $457.00 and set a “buy” rating on the stock in a report on Wednesday, August 6th. Wolfe Research began coverage on Gartner in a report on Wednesday, September 3rd. They set a “peer perform” rating on the stock. Wells Fargo & Company decreased their target price on Gartner from $345.00 to $225.00 and set an “underweight” rating on the stock in a report on Wednesday, August 6th. Finally, Barclays decreased their target price on Gartner from $475.00 to $320.00 and set an “overweight” rating on the stock in a report on Wednesday, August 6th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $369.25.

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Insiders Place Their Bets

In other Gartner news, SVP John J. Rinello sold 105 shares of the company’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $249.71, for a total value of $26,219.55. Following the transaction, the senior vice president directly owned 3,225 shares of the company’s stock, valued at $805,314.75. This represents a 3.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Jose M. Gutierrez acquired 417 shares of the firm’s stock in a transaction on Monday, August 18th. The stock was purchased at an average cost of $239.80 per share, for a total transaction of $99,996.60. Following the completion of the acquisition, the director owned 2,080 shares in the company, valued at approximately $498,784. This represents a 25.08% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 3.60% of the company’s stock.

Gartner Stock Performance

Shares of NYSE IT opened at $245.79 on Monday. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.11 and a quick ratio of 1.11. The stock’s fifty day moving average price is $308.20 and its two-hundred day moving average price is $387.60. Gartner, Inc. has a one year low of $223.65 and a one year high of $584.01. The firm has a market cap of $18.62 billion, a price-to-earnings ratio of 15.13 and a beta of 1.20.

Gartner (NYSE:IT – Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The information technology services provider reported $3.53 EPS for the quarter, beating analysts’ consensus estimates of $3.38 by $0.15. Gartner had a return on equity of 82.63% and a net margin of 19.71%.The firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same period in the prior year, the firm posted $3.22 EPS. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. Gartner has set its FY 2025 guidance at 11.750- EPS. On average, equities analysts forecast that Gartner, Inc. will post 12.5 EPS for the current year.

Gartner Company Profile

(Free Report)

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.

See Also

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