BlackRock Discloses 12.9% Stake in Gartner Inc.
Ticker: IT · Form: SC 13G · Filed: Jan 26, 2024 · CIK: 749251
| Field | Detail |
|---|---|
| Company | Gartner Inc (IT) |
| Form Type | SC 13G |
| Filed Date | Jan 26, 2024 |
| Risk Level | low |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, passive-investment, major-shareholder
TL;DR
**BlackRock just revealed a 12.9% stake in Gartner, a big vote of confidence!**
AI Summary
BlackRock Inc. reported on January 26, 2024, that as of December 31, 2023, it beneficially owns 10,037,844 shares of Gartner Inc.'s Common Stock, representing 12.9% of the company. This significant stake makes BlackRock a major institutional shareholder in Gartner, indicating their confidence in the company's future performance. For investors, this means a large, influential asset manager sees value in Gartner, which could be a positive signal, but also means a substantial portion of shares are held by a single entity, potentially impacting liquidity or future strategic moves.
Why It Matters
BlackRock's substantial ownership in Gartner Inc. signals institutional confidence, which can influence other investors and potentially stabilize the stock price.
Risk Assessment
Risk Level: low — The filing indicates a large, passive institutional investment, which generally reduces volatility and signals stability.
Analyst Insight
A smart investor would view BlackRock's significant stake as a positive signal, suggesting institutional confidence in Gartner's long-term prospects, and might consider further research into Gartner's fundamentals.
Key Numbers
- 10,037,844 — Shares Beneficially Owned (Represents the total number of Gartner Inc. shares BlackRock Inc. holds, indicating a significant investment.)
- 12.9% — Percentage of Class (Shows BlackRock Inc.'s substantial ownership percentage in Gartner Inc., making them a key institutional holder.)
- December 31, 2023 — Reporting Date (The snapshot date for the ownership data, crucial for understanding the timeliness of the information.)
Key Players & Entities
- BlackRock Inc. (company) — filing as the reporting person, holding a significant stake in Gartner Inc.
- Gartner Inc. (company) — the subject company whose securities are being reported on
- 10,037,844 (dollar_amount) — number of shares beneficially owned by BlackRock Inc.
- 12.9% (dollar_amount) — percentage of Gartner Inc.'s class of securities beneficially owned by BlackRock Inc.
- December 31, 2023 (person) — the date of the event which required the filing of this statement
- January 26, 2024 (person) — the date the SC 13G filing was made
Forward-Looking Statements
- BlackRock will maintain its significant stake in Gartner Inc. for the foreseeable future. (BlackRock Inc.) — high confidence, target: December 31, 2024
FAQ
Who is the reporting person in this SC 13G filing?
The reporting person in this SC 13G filing is BlackRock Inc., as stated in the 'FILED BY' section and on the cover page.
What is the subject company whose securities are being reported on?
The subject company is GARTNER INC, as clearly identified in the 'SUBJECT COMPANY' section and on the Schedule 13G form itself.
What percentage of Gartner Inc.'s Common Stock does BlackRock Inc. beneficially own?
BlackRock Inc. beneficially owns 12.9% of Gartner Inc.'s Common Stock, as indicated in the filing's summary data.
As of what date was the ownership information in this filing accurate?
The ownership information is accurate as of December 31, 2023, which is stated as the 'Date of Event Which Requires Filing of this Statement'.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the 'X' in the appropriate box on the cover page.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on January 26, 2024 by December 31, 2023 regarding GARTNER INC (IT).