Two Sigma Securities LLC purchased a new position in Gartner, Inc. (NYSE:IT – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,860 shares of the information technology services provider’s stock, valued at approximately $630,000.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Brighton Jones LLC bought a new stake in Gartner during the fourth quarter worth about $309,000. Sivia Capital Partners LLC bought a new position in shares of Gartner during the second quarter valued at approximately $336,000. Cresset Asset Management LLC lifted its holdings in shares of Gartner by 15.2% during the second quarter. Cresset Asset Management LLC now owns 1,446 shares of the information technology services provider’s stock valued at $585,000 after purchasing an additional 191 shares during the last quarter. Sei Investments Co. lifted its holdings in shares of Gartner by 9.2% during the second quarter. Sei Investments Co. now owns 91,205 shares of the information technology services provider’s stock valued at $36,867,000 after purchasing an additional 7,678 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Gartner by 111.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 95,301 shares of the information technology services provider’s stock worth $38,523,000 after purchasing an additional 50,251 shares in the last quarter. 91.51% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
IT has been the subject of several analyst reports. Wells Fargo & Company raised their price target on Gartner from $120.00 to $150.00 and gave the company an “underweight” rating in a report on Wednesday, August 5th. Weiss Ratings upgraded shares of Gartner from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, August 13th. Zacks Research raised shares of Gartner from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Truist Financial set a $205.00 target price on shares of Gartner in a research note on Wednesday, August 5th. Finally, UBS Group increased their price target on shares of Gartner from $164.00 to $196.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $187.30.
Insider Buying and Selling at Gartner
In other Gartner news, EVP Robin B. Kranich sold 3,278 shares of Gartner stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $196.50, for a total value of $644,127.00. Following the completion of the transaction, the executive vice president directly owned 20,358 shares of the company’s stock, valued at $4,000,347. This trade represents a 13.87% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Yvonne Genovese sold 1,205 shares of the business’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $190.06, for a total transaction of $229,022.30. Following the completion of the sale, the executive vice president owned 6,208 shares in the company, valued at approximately $1,179,892.48. This trade represents a 16.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 6,043 shares of company stock worth $1,172,858 over the last three months. 2.60% of the stock is owned by company insiders.
Key Gartner News
Here are the key news stories impacting Gartner this week:
- Positive Sentiment: Gartner was highlighted as one of the top-performing IT services and consulting companies following its second-quarter results. The company reported adjusted earnings of $4.37 per share, well above the $3.76 consensus estimate, while revenue of $1.68 billion also exceeded expectations. The earnings beat and subsequent stock momentum remain supportive factors. Q2 earnings recap: Gartner tops IT services and consulting stocks
- Positive Sentiment: Gartner research continues to be cited in enterprise AI and digital-marketing coverage, reinforcing the value of its advisory and research franchise. Only 22% of enterprises have scaled AI across business units, suggesting significant potential demand for Gartner’s guidance as companies address adoption challenges. Only 22% of Enterprises Have Scaled AI Across Business Units
- Neutral Sentiment: Articles about quantum AI and Gartner-recognized vendors primarily discuss industry trends and third-party companies rather than new financial developments at Gartner. They support Gartner’s visibility as a technology authority but are unlikely to be immediate stock catalysts. Why quantum AI isn’t an IT priority yet
- Negative Sentiment: EVP Robin Kranich sold 3,278 shares for approximately $644,127, reducing her holdings by 13.87%. The sale was disclosed as required and may have been routine, but it can weigh modestly on sentiment. Gartner EVP Robin Kranich sells shares
- Negative Sentiment: Despite the earnings beat, quarterly revenue declined slightly year over year. Analysts’ average rating remains “Hold,” with a consensus price target of $187.30, below recent trading levels, indicating limited near-term upside after the rally. 3 Earnings Winners Setting Up for Another Leg Higher
Gartner Stock Performance
Shares of NYSE IT opened at $190.18 on Wednesday. The firm has a 50 day moving average of $160.45 and a 200 day moving average of $156.72. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 46.98. The firm has a market capitalization of $12.01 billion, a price-to-earnings ratio of 17.06, a price-to-earnings-growth ratio of 0.68 and a beta of 0.95. Gartner, Inc. has a 12-month low of $124.25 and a 12-month high of $265.85.
Gartner (NYSE:IT – Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The information technology services provider reported $4.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.76 by $0.61. The business had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.65 billion. Gartner had a return on equity of 525.46% and a net margin of 11.99%.Gartner’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.53 EPS. Gartner has set its FY 2026 guidance at 14.000- EPS. On average, research analysts anticipate that Gartner, Inc. will post 14.42 earnings per share for the current year.
Gartner Profile
Gartner, Inc is a global research and advisory firm that provides insights, advice and tools for leaders in IT, finance, HR, customer service and other business functions. Founded in 1979 and headquartered in Stamford, Connecticut, Gartner specializes in helping organizations make informed decisions about technology, operations and strategy through a combination of published research, advisory services, consulting, executive programs and events.
The company’s offerings include proprietary research reports, market forecasts, and analytical frameworks that are widely used by technology buyers and vendors.
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