3,996 Shares in Gartner, Inc. $IT Purchased by AXQ Capital LP

AXQ Capital LP purchased a new position in Gartner, Inc. (NYSE:IT) during the third quarter, HoldingsChannel reports. The fund purchased 3,996 shares of the information technology services provider’s stock, valued at approximately $1,050,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Brighton Jones LLC purchased a new position in shares of Gartner in the fourth quarter worth $309,000. Sivia Capital Partners LLC bought a new stake in Gartner in the 2nd quarter valued at $336,000. D.A. Davidson & CO. increased its holdings in Gartner by 10.5% in the 2nd quarter. D.A. Davidson & CO. now owns 1,264 shares of the information technology services provider’s stock valued at $511,000 after acquiring an additional 120 shares during the last quarter. Strategic Blueprint LLC purchased a new stake in Gartner in the 2nd quarter worth $479,000. Finally, Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Gartner by 11.2% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 204,179 shares of the information technology services provider’s stock valued at $82,533,000 after purchasing an additional 20,547 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors.

Gartner Price Performance

Shares of IT stock opened at $144.92 on Tuesday. Gartner, Inc. has a twelve month low of $139.18 and a twelve month high of $507.79. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 9.30. The stock has a fifty day simple moving average of $214.56 and a two-hundred day simple moving average of $232.36. The stock has a market capitalization of $10.21 billion, a price-to-earnings ratio of 15.02, a P/E/G ratio of 1.54 and a beta of 1.06.

Gartner (NYSE:IT) last released its quarterly earnings data on Tuesday, February 3rd. The information technology services provider reported $3.94 earnings per share for the quarter, beating the consensus estimate of $3.50 by $0.44. Gartner had a return on equity of 102.20% and a net margin of 11.22%.The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.75 billion. During the same period in the previous year, the company posted $5.45 earnings per share. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. Gartner has set its FY 2026 guidance at 12.300- EPS. On average, analysts predict that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

IT has been the topic of a number of research analyst reports. The Goldman Sachs Group reiterated a “buy” rating and issued a $220.00 target price on shares of Gartner in a research report on Thursday, February 5th. Royal Bank Of Canada set a $175.00 price objective on Gartner in a report on Wednesday, February 4th. Barclays cut their target price on shares of Gartner from $260.00 to $180.00 and set an “equal weight” rating for the company in a report on Thursday, February 5th. Deutsche Bank Aktiengesellschaft set a $204.00 price target on shares of Gartner in a research report on Wednesday, February 4th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Gartner in a research report on Thursday, January 22nd. Four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Gartner currently has an average rating of “Hold” and a consensus price target of $190.70.

Insider Activity

In other Gartner news, Director Stephen G. Pagliuca purchased 43,300 shares of the stock in a transaction dated Wednesday, December 10th. The stock was purchased at an average price of $229.57 per share, with a total value of $9,940,381.00. Following the transaction, the director owned 111,613 shares of the company’s stock, valued at approximately $25,622,996.41. This trade represents a 63.38% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP John J. Rinello sold 220 shares of Gartner stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $229.57, for a total transaction of $50,505.40. Following the transaction, the senior vice president directly owned 3,046 shares in the company, valued at approximately $699,270.22. The trade was a 6.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 3.60% of the company’s stock.

About Gartner

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.