Vanguard Amends Gartner Stake, Maintains Passive Ownership
Ticker: IT · Form: SC 13G/A · Filed: Feb 13, 2024 · CIK: 749251
| Field | Detail |
|---|---|
| Company | Gartner Inc (IT) |
| Form Type | SC 13G/A |
| Filed Date | Feb 13, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**Vanguard still owns a big chunk of Gartner, but it's just a passive investment.**
AI Summary
The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, indicating its beneficial ownership of Gartner Inc. common stock as of December 29, 2023. This filing updates their previous disclosures, showing their continued significant, but passive, stake in Gartner. For investors, this means a large institutional holder maintains confidence in Gartner, which can be a positive signal, but it doesn't suggest any immediate strategic changes or activist involvement.
Why It Matters
This filing confirms Vanguard's continued substantial, yet passive, investment in Gartner, signaling institutional confidence without any intent to influence company management.
Risk Assessment
Risk Level: low — This filing is routine for large institutional investors and indicates no significant change in investment strategy or risk for Gartner shareholders.
Analyst Insight
An investor should note that Vanguard's continued passive ownership suggests stability in institutional holdings for Gartner, but this filing alone doesn't provide new catalysts for price movement. It's a routine update confirming a large, long-term holder.
Key Players & Entities
- The Vanguard Group (company) — reporting person and beneficial owner of Gartner Inc. common stock
- Gartner Inc. (company) — the issuer of the common stock being reported
- December 29, 2023 (date) — date of the event which required the filing of this statement
- February 13, 2024 (date) — date the SC 13G/A filing was made
- Pennsylvania (company) — place of organization for The Vanguard Group
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing under the Securities Exchange Act of 1934.
Who is the reporting person in this filing?
The reporting person is The Vanguard Group, with IRS Identification No. 23-1945930.
What is the name of the issuer whose securities are being reported?
The name of the issuer is Gartner Inc.
What is the CUSIP Number for Gartner Inc. common stock?
The CUSIP Number for Gartner Inc. Common Stock is 366651107.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 29, 2023.
Filing Stats: 807 words · 3 min read · ~3 pages · Grade level 11.3 · Accepted 2024-02-13 17:04:40
Filing Documents
- tv0996-gartnerinc.htm (SC 13G/A) — 11KB
- 0001104659-24-020996.txt ( ) — 13KB
(a) - Name of Issuer
Item 1(a) - Name of Issuer: Gartner Inc
(b) - Address of Issuer's Principal Executive Offices
Item 1(b) - Address of Issuer's Principal Executive Offices: 56 Top Gallant Road Stamford, CT 06902-7700
(a) - Name of Person Filing
Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930
(b) – Address of Principal Business Office or, if none, residence
Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355
(c) – Citizenship
Item 2(c) – Citizenship: Pennsylvania
(d) - Title of Class of Securities
Item 2(d) - Title of Class of Securities: Common Stock
(e) - CUSIP Number
Item 2(e) - CUSIP Number 366651107
- Type of Filing
Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).
- Ownership
Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.
- Ownership of Five Percent or Less of a Class
Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following
- Ownership of More Than Five Percent on Behalf of Another Person
Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable
- Identification and Classification of Members of Group
Item 8 - Identification and Classification of Members of Group: Not applicable
- Notice of Dissolution of Group
Item 9 - Notice of Dissolution of Group: Not applicable
- Certification
Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration