Vinva Investment Management Ltd has increased its stake in Gartner, Inc. (NYSE: IT) by 20.1%, raising its holdings to a value of $2.05 million. This adjustment was disclosed in the firm’s recent 13F filing with the U.S. Securities and Exchange Commission (SEC). Following the acquisition of an additional 852 shares during the second quarter, Vinva now owns a total of 5,100 shares of the information technology services provider.
Other institutional investors have also made adjustments to their positions in Gartner. Sequoia Financial Advisors LLC expanded its holdings by 1.8%, acquiring an additional 31 shares to total 1,725 shares, valued at approximately $697,000. Meanwhile, Verdence Capital Advisors LLC increased its investment in Gartner by 2.6%, now owning 1,333 shares worth $539,000 following a purchase of 34 shares.
Similarly, Accurate Wealth Management LLC enhanced its stake by 2.8%, bringing its total to 1,308 shares valued at $507,000. EP Wealth Advisors LLC and Cary Street Partners Investment Advisory LLC also made incremental increases to their holdings during the first quarter, with values of $336,000 and $225,000, respectively. Overall, institutional investors and hedge funds collectively own 91.51% of Gartner’s stock.
Gartner’s Stock Performance and Analyst Ratings
As of last Friday, Gartner’s shares traded at $232.18. The company maintains a debt-to-equity ratio of 1.61, with both its quick and current ratios standing at 1.11. Gartner has experienced significant price fluctuations, with a fifty-two week low of $222.54 and a high of $584.01. The stock’s market capitalization is approximately $16.73 billion, and it has a price-to-earnings (PE) ratio of 14.29 and a beta of 1.19. Current moving averages show the stock at $243.00 for the fifty-day and $308.74 for the two-hundred-day average.
Several analysts have recently provided insights into Gartner’s market outlook. On October 21, 2023, William Blair reaffirmed an “outperform” rating for the stock. In contrast, Wells Fargo & Company lowered its target price from $231.00 to $218.00, assigning an “underweight” rating. UBS Group set a price target of $256.00 with a “neutral” outlook, while Truist Financial predicted a target of $300.00. Additionally, Morgan Stanley established a price target of $307.00.
The consensus among analysts indicates a mixed sentiment, with four recommending a Buy rating, six suggesting Hold, and two advising Sell. According to data from MarketBeat.com, Gartner currently holds a consensus rating of “Hold” with a price target averaging $311.67.
About Gartner, Inc.
Gartner, Inc. operates as a research and advisory company with a global presence, providing services across North America, Europe, the Middle East, and Africa. The company’s operations are divided into three main segments: Research, Conferences, and Consulting. Its Research segment primarily delivers insights through a subscription service, which includes direct access to published research, data, benchmarks, and a network of research experts.
This increase in institutional holdings reflects growing confidence in Gartner’s long-term prospects as the company continues to navigate the fast-evolving technology landscape.
