Northeast Investment Management increased its holdings in shares of Gartner, Inc. (NYSE:IT – Free Report) by 175.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,500 shares of the information technology services provider’s stock after purchasing an additional 3,500 shares during the quarter. Northeast Investment Management’s holdings in Gartner were worth $1,026,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in IT. Chicago Partners Investment Group LLC lifted its position in Gartner by 41.3% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 6,818 shares of the information technology services provider’s stock worth $1,570,000 after buying an additional 1,992 shares in the last quarter. Provenance Wealth Advisors LLC bought a new position in shares of Gartner in the 3rd quarter valued at about $36,000. Hiddenite Capital Partners LP acquired a new stake in shares of Gartner in the third quarter valued at about $11,192,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Gartner in the third quarter valued at about $3,174,000. Finally, Vise Technologies Inc. raised its holdings in Gartner by 59.7% during the third quarter. Vise Technologies Inc. now owns 5,184 shares of the information technology services provider’s stock worth $967,000 after acquiring an additional 1,937 shares in the last quarter. Institutional investors own 91.51% of the company’s stock.
Insider Buying and Selling at Gartner
In other Gartner news, EVP Robin B. Kranich sold 3,278 shares of Gartner stock in a transaction dated 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 sale, the executive vice president owned 20,358 shares in the company, valued at $4,000,347. The trade was a 13.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Yvonne Genovese sold 1,205 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were 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 directly owned 6,208 shares of the company’s stock, valued at $1,179,892.48. This represents a 16.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 6,043 shares of company stock worth $1,172,858. Insiders own 2.60% of the company’s stock.
Gartner News Summary
Here are the key news stories impacting Gartner this week:
- Positive Sentiment: Gartner reported third-quarter adjusted earnings of $3.59 per share, above analyst expectations, and revenue of about $1.50 billion, also ahead of estimates. It raised its 2026 outlook, including adjusted EPS guidance of at least $14.65. Gartner Q3 earnings beat estimates and outlook raised
- Positive Sentiment: UBS raised its price target to $220 from $208 while maintaining a neutral rating, offering some support after the post-earnings selloff. UBS analyst rating
- Neutral Sentiment: Other target increases were more cautious: Goldman Sachs lifted its target to $207 and Morgan Stanley to $192, while keeping neutral or equal-weight ratings. Analyst rating updates
- Negative Sentiment: The raised annual outlook did not offset a disappointing implied fourth-quarter forecast. Management also indicated contract value growth was only 2.5% and that reaching a 4% pace by year-end was unlikely; longer sales cycles and rising costs add pressure to the recovery outlook. Gartner stock sinks despite raised outlook
- Negative Sentiment: Concerns that cheaper AI services could threaten Gartner’s offerings weighed on sentiment. Truist also downgraded the stock from buy to hold and cut its target to $210 from $235. Weak forecast and AI competition concerns
Wall Street Analyst Weigh In
IT has been the topic of a number of analyst reports. Weiss Ratings cut Gartner from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, October 26th. UBS Group boosted their target price on shares of Gartner from $208.00 to $220.00 and gave the stock a “neutral” rating in a report on Wednesday. Morgan Stanley increased their price target on shares of Gartner from $182.00 to $192.00 and gave the company an “equal weight” rating in a research note on Wednesday. The Goldman Sachs Group boosted their price objective on shares of Gartner from $181.00 to $207.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $198.00 target price on shares of Gartner in a report on Tuesday, October 20th. Eight equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Gartner has an average rating of “Reduce” and a consensus price target of $202.70.
View Our Latest Stock Report on IT
Gartner Trading Up 1.5%
Shares of NYSE:IT opened at $207.21 on Thursday. Gartner, Inc. has a 12-month low of $124.25 and a 12-month high of $256.89. The business has a 50 day moving average of $197.29 and a 200-day moving average of $169.90. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 46.98. The stock has a market cap of $13.09 billion, a PE ratio of 13.42, a P/E/G ratio of 0.79 and a beta of 0.92.
Gartner (NYSE:IT – Get Free Report) last released its quarterly earnings results on Tuesday, November 3rd. The information technology services provider reported $3.59 earnings per share for the quarter, topping the consensus estimate of $2.84 by $0.75. Gartner had a return on equity of 1,440.35% and a net margin of 14.81%. The business had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same period last year, the firm posted $2.76 EPS. The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. As a group, equities research analysts forecast that Gartner, Inc. will post 14.00 earnings per share for the current year.
About Gartner
Gartner, Inc is a global research and advisory company that provides information, analysis and guidance to business leaders, technology professionals and public-sector organizations. Its work focuses on helping clients evaluate technology markets, develop business strategies, manage risk and make decisions about digital transformation and other organizational priorities.
The company delivers its services through research and advisory programs, consulting engagements, executive guidance and conferences.
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