Arrowstreet Capital Limited Partnership Acquires 50,910 Shares of Gartner, Inc. $IT

Arrowstreet Capital Limited Partnership raised its position in shares of Gartner, Inc. (NYSE:IT - Free Report) by 13.5% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 427,124 shares of the information technology services provider's stock after purchasing an additional 50,910 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.55% of Gartner worth $172,652,000 at the end of the most recent quarter.

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Other large investors have also bought and sold shares of the company. Westerkirk Capital Inc. purchased a new position in Gartner in the second quarter worth about $1,169,000. Quantbot Technologies LP lifted its stake in shares of Gartner by 153.0% in the 2nd quarter. Quantbot Technologies LP now owns 66,364 shares of the information technology services provider's stock worth $26,826,000 after purchasing an additional 40,137 shares during the period. OMERS ADMINISTRATION Corp boosted its holdings in shares of Gartner by 14.2% in the second quarter. OMERS ADMINISTRATION Corp now owns 22,528 shares of the information technology services provider's stock worth $9,106,000 after buying an additional 2,800 shares during the last quarter. Claret Asset Management Corp purchased a new position in shares of Gartner in the second quarter worth approximately $240,000. Finally, Edgestream Partners L.P. grew its position in Gartner by 774.5% during the second quarter. Edgestream Partners L.P. now owns 22,080 shares of the information technology services provider's stock valued at $8,925,000 after buying an additional 19,555 shares during the period. 91.51% of the stock is owned by hedge funds and other institutional investors.

Gartner Trading Down 0.8%

Shares of NYSE:IT opened at $228.93 on Wednesday. The company has a market capitalization of $16.50 billion, a PE ratio of 14.09 and a beta of 1.08. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.61. Gartner, Inc. has a 12-month low of $222.54 and a 12-month high of $584.01. The business's fifty day simple moving average is $241.81 and its 200-day simple moving average is $303.72.

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Gartner (NYSE:IT - Get Free Report) last issued its quarterly earnings data on Tuesday, November 4th. The information technology services provider reported $2.76 earnings per share for the quarter, beating analysts' consensus estimates of $2.41 by $0.35. Gartner had a return on equity of 82.63% and a net margin of 19.71%.The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.52 billion. Gartner has set its FY 2025 guidance at 12.650- EPS. As a group, equities research analysts predict that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on IT shares. Truist Financial set a $300.00 target price on shares of Gartner in a research note on Wednesday, November 26th. Wells Fargo & Company lowered their target price on shares of Gartner from $231.00 to $218.00 and set an "underweight" rating on the stock in a research note on Wednesday, November 5th. William Blair reaffirmed an "outperform" rating on shares of Gartner in a report on Tuesday, October 21st. Royal Bank Of Canada assumed coverage on Gartner in a report on Tuesday, September 9th. They set a "sector perform" rating and a $263.00 price target on the stock. Finally, Wolfe Research initiated coverage on Gartner in a research report on Wednesday, September 3rd. They issued a "peer perform" rating on the stock. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Gartner currently has an average rating of "Hold" and a consensus price target of $311.67.

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Get Our Latest Report on IT

Gartner Company Profile

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.

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