Lido Advisors LLC Purchases 14,709 Shares of Gartner, Inc. $IT

Lido Advisors LLC grew its position in shares of Gartner, Inc. (NYSE:IT) by 40.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 51,476 shares of the information technology services provider’s stock after purchasing an additional 14,709 shares during the quarter. Lido Advisors LLC owned about 0.08% of Gartner worth $9,602,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Elevation Wealth Partners LLC acquired a new stake in shares of Gartner during the third quarter worth $30,000. Financial Management Professionals Inc. bought a new position in Gartner during the third quarter worth $30,000. Provenance Wealth Advisors LLC bought a new position in Gartner during the third quarter worth $36,000. Cassaday & Co Wealth Management LLC acquired a new position in Gartner in the first quarter valued at $34,000. Finally, Basecamp Wealth Advisors LLC lifted its holdings in Gartner by 107.0% in the first quarter. Basecamp Wealth Advisors LLC now owns 236 shares of the information technology services provider’s stock valued at $37,000 after buying an additional 122 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Gartner News Summary

These are some of the IT news items that stood out recently:

• Positive Sentiment: Gartner forecasts global AI spending will exceed $4 trillion, with AI-optimized server spending approaching $957 billion in 2027. The outlook highlights fast-growing technology investment that could increase interest in Gartner’s research and advice, though the articles do not quantify any revenue impact for Gartner. Article
• Neutral Sentiment: Announcements that ModelOp, Revenium, Fastly, D-Wave and ThreatBook received recognition in Gartner reports showcase the visibility of Gartner’s research. These are vendor announcements, however, and do not indicate new Gartner contracts or financial results. ModelOp announcement Revenium announcement Fastly announcement D-Wave announcement ThreatBook announcement
• Neutral Sentiment: Gartner also published its 2027 strategic technology trends for CIOs. The coverage reinforces its role as an industry analyst, but provides no specific information on sales, guidance or profitability. Article

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. BMO Capital Markets reaffirmed a “market perform” rating and set a $231.00 price target on shares of Gartner in a research report on Wednesday, November 4th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $198.00 price objective on shares of Gartner in a research report on Tuesday, October 20th. Weiss Ratings raised Gartner from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday. The Goldman Sachs Group upped their target price on Gartner from $181.00 to $207.00 and gave the company a “neutral” rating in a research report on Wednesday, November 4th. Finally, Truist Financial lowered Gartner from a “buy” rating to a “hold” rating and cut their target price for the company from $235.00 to $210.00 in a research report on Wednesday, November 4th. Eight equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $206.20.

Gartner Stock Down 1.2%

Gartner stock opened at $190.69 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 46.98. Gartner, Inc. has a 12-month low of $124.25 and a 12-month high of $256.89. The firm’s fifty day moving average is $197.05 and its 200 day moving average is $168.70. The company has a market capitalization of $12.04 billion, a PE ratio of 12.68, a PEG ratio of 0.84 and a beta of 0.92.

Gartner (NYSE:IT) last issued its earnings results on Tuesday, November 3rd. The information technology services provider reported $3.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.84 by $0.75. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.49 billion. Gartner had a net margin of 14.81% and a return on equity of 2,287.71%. Gartner’s revenue was down 1.2% on a year-over-year basis. During the same period in the prior year, the firm earned $2.76 earnings per share. As a group, sell-side analysts predict that Gartner, Inc. will post 15.02 EPS for the current fiscal year.

Insider Activity

In other news, EVP Robin Kranich sold 3,278 shares of the company’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $196.50, for a total transaction of $644,127.00. Following the transaction, the executive vice president owned 20,358 shares in the company, valued at approximately $4,000,347. This represents a 13.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Akhil Jain sold 700 shares of the stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $201.73, for a total transaction of $141,211.00. Following the transaction, the executive vice president directly owned 8,130 shares in the company, valued at $1,640,064.90. This trade represents a 7.93% decrease in their position. The SEC filing for this sale provides additional information. 2.60% of the stock is currently owned by corporate insiders.

About Gartner

Gartner, Inc. is a global research and advisory company that provides business and technology leaders with insights to support decision-making. Its research covers areas such as information technology, digital transformation, cybersecurity, finance, human resources, and supply chain management. The company offers research subscriptions, advisory services, consulting, and conferences. Its research includes tools and analysis such as Magic Quadrants and Hype Cycles, which help organizations assess markets, technologies, and potential vendors.