Gartner (NYSE:IT) Given New $220.00 Price Target at UBS Group

Gartner (NYSE:IT) had its price target increased by equities research analysts at UBS Group from $208.00 to $220.00 in a research note issued on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the information technology services provider’s stock. UBS Group‘s price target points to a potential upside of 6.17% from the stock’s previous close.

Other analysts also recently issued reports about the company. BMO Capital Markets reiterated a “market perform” rating and set a $231.00 target price on shares of Gartner in a research note on Wednesday. Zacks Research cut Gartner from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. The Goldman Sachs Group upped their price target on Gartner from $181.00 to $207.00 and gave the company a “neutral” rating in a report on Wednesday. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $198.00 price objective on shares of Gartner in a research report on Tuesday, October 20th. Finally, Weiss Ratings downgraded Gartner from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, October 26th. Eight 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, the stock currently has an average rating of “Reduce” and an average price target of $202.70.

Gartner Stock Up 1.5%

Shares of NYSE IT traded up $2.99 during midday trading on Wednesday, hitting $207.21. The stock had a trading volume of 1,804,398 shares, compared to its average volume of 1,455,635. The business’s 50 day moving average is $197.07 and its 200-day moving average is $170.01. Gartner has a 52 week low of $124.25 and a 52 week high of $256.89. 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 company has a market cap of $13.09 billion, a P/E ratio of 18.58, a PEG ratio of 0.89 and a beta of 0.92.

Gartner (NYSE:IT) last announced its quarterly earnings results on Tuesday, November 3rd. The information technology services provider reported $3.59 earnings per share for the quarter, beating the consensus estimate of $2.84 by $0.75. Gartner had a net margin of 11.99% and a return on equity of 525.46%. The company had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter last year, the firm earned $2.76 earnings per share. The firm’s quarterly revenue was down 1.2% compared to the same quarter last year. As a group, analysts predict that Gartner will post 14.39 EPS for the current year.

Insider Transactions at Gartner

In related news, EVP Robin Kranich sold 3,278 shares of Gartner stock in a transaction on Thursday, August 27th. The stock was 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 of the company’s stock, valued at $4,000,347. The trade was a 13.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Yvonne Genovese sold 1,205 shares of the company’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $190.06, for a total value of $229,022.30. Following the sale, the executive vice president owned 6,208 shares of the company’s stock, valued at approximately $1,179,892.48. This trade represents a 16.26% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 6,043 shares of company stock valued at $1,172,858. Corporate insiders own 2.60% of the company’s stock.

Institutional Investors Weigh In On Gartner

Several hedge funds and other institutional investors have recently made changes to their positions in the business. AlphaCore Capital LLC grew its position in Gartner by 41.2% during the third quarter. AlphaCore Capital LLC now owns 3,122 shares of the information technology services provider’s stock valued at $582,000 after buying an additional 911 shares during the period. Fulcrum Asset Management LLP increased its holdings in Gartner by 5,888.4% during the third quarter. Fulcrum Asset Management LLP now owns 17,606 shares of the information technology services provider’s stock valued at $3,272,000 after buying an additional 17,312 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Gartner by 10.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 4,921 shares of the information technology services provider’s stock valued at $949,000 after buying an additional 451 shares during the last quarter. Pictet Asset Management Holding SA raised its position in Gartner by 2.4% in the third quarter. Pictet Asset Management Holding SA now owns 13,254 shares of the information technology services provider’s stock worth $2,472,000 after acquiring an additional 315 shares during the period. Finally, Allegiance Financial Group Advisory Services LLC bought a new position in Gartner in the third quarter worth approximately $225,000. Hedge funds and other institutional investors own 91.51% of the company’s stock.

More Gartner News

Here are the key news stories impacting Gartner this week:

• Positive Sentiment: Gartner beat third-quarter earnings and revenue expectations and raised its 2026 adjusted EPS outlook to at least $14.65, with EBITDA guidance of at least $1.615 billion. Stronger profitability and demand for help navigating AI adoption offer support for the longer-term story. Gartner Q3 Earnings Beat Estimates, Revenues Move Up 2% Y/Y
• Neutral Sentiment: Analyst reactions were mixed. Truist downgraded Gartner from Buy to Hold and cut its target to $210, while Morgan Stanley and Goldman Sachs raised their targets but kept Equal Weight and Neutral ratings, respectively. Gartner downgraded at Truist after weak Q3 results
• Negative Sentiment: The earnings beat and raised annual guidance did not ease concerns about the pace of recovery. Gartner’s key contract-value growth measure increased only 2.5%, and management said reaching a 4% pace by year-end is unlikely. Longer sales cycles and rising costs add to worries about growth and profitability. Gartner Q3 Earnings Call Highlights Slower Growth Recovery
• Negative Sentiment: Investors were also disappointed by the implied fourth-quarter forecast, which fell short of expectations. Concerns that lower-cost AI services could pressure Gartner’s offerings may further weigh on sentiment. Gartner Stock Sinks Despite Raised Outlook as Fourth-Quarter Forecast Disappoints

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.