Gartner, Inc. $IT Shares Bought by Northeast Investment Management

Northeast Investment Management increased its stake in Gartner, Inc. (NYSE:IT) by 175.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,500 shares of the information technology services provider’s stock after purchasing an additional 3,500 shares during the period. Northeast Investment Management’s holdings in Gartner were worth $1,026,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of IT. Chicago Partners Investment Group LLC lifted its position in Gartner by 41.3% during the third quarter. Chicago Partners Investment Group LLC now owns 6,818 shares of the information technology services provider’s stock worth $1,570,000 after purchasing an additional 1,992 shares during the period. Provenance Wealth Advisors LLC acquired a new stake in Gartner during the third quarter worth about $36,000. Hiddenite Capital Partners LP bought a new position in Gartner in the 3rd quarter valued at about $11,192,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Gartner in the 3rd quarter valued at about $3,174,000. Finally, Vise Technologies Inc. increased its holdings in Gartner by 59.7% in the 3rd quarter. Vise Technologies Inc. now owns 5,184 shares of the information technology services provider’s stock valued at $967,000 after buying an additional 1,937 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Analyst Upgrades and Downgrades

IT has been the subject of several analyst reports. UBS Group upped their price target on shares of Gartner from $208.00 to $220.00 and gave the stock a “neutral” rating in a report on Wednesday. Royal Bank Of Canada reiterated a “sector perform” rating and set a $198.00 price target on shares of Gartner in a research report on Tuesday, October 20th. Weiss Ratings cut shares of Gartner from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, October 26th. The Goldman Sachs Group boosted their price objective on shares of Gartner from $181.00 to $207.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, Wells Fargo & Company upped their target price on Gartner from $150.00 to $175.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 20th. Eight analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $202.70.

Insider Transactions at Gartner

In other news, Director Anne Fuchs sold 860 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $184.30, for a total value of $158,498.00. Following the completion of the transaction, the director owned 8,097 shares of the company’s stock, valued at $1,492,277.10. This represents a 9.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Akhil Jain sold 700 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $201.73, for a total transaction of $141,211.00. Following the completion of the transaction, the executive vice president owned 8,130 shares of the company’s stock, valued at approximately $1,640,064.90. This trade represents a 7.93% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 6,043 shares of company stock valued at $1,172,858. 2.60% of the stock is currently owned by company insiders.

More Gartner News

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

Gartner Price Performance

Shares of NYSE:IT opened at $207.21 on Thursday. The company has a market cap of $13.09 billion, a price-to-earnings ratio of 13.42, a PEG ratio of 0.79 and a beta of 0.92. The company has a debt-to-equity ratio of 46.98, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a 50 day simple moving average of $197.29 and a 200 day simple moving average of $169.90. Gartner, Inc. has a one year low of $124.25 and a one year high of $256.89.

Gartner (NYSE:IT) last posted its earnings results on Tuesday, November 3rd. The information technology services provider reported $3.59 earnings per share for the quarter, topping analysts’ consensus estimates of $2.84 by $0.75. The firm had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.49 billion. Gartner had a net margin of 14.81% and a return on equity of 1,440.35%. The company’s revenue was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.76 earnings per share. Research analysts predict that Gartner, Inc. will post 14.00 earnings per share for the current fiscal year.

Gartner Company Profile

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.