Gartner, Inc. $IT Holdings Lowered by AlphaQuest LLC

AlphaQuest LLC reduced its stake in Gartner, Inc. (NYSE:IT) by 86.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 766 shares of the information technology services provider’s stock after selling 4,707 shares during the period. AlphaQuest LLC’s holdings in Gartner were worth $201,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Aviva PLC boosted its stake in shares of Gartner by 6.1% during the 2nd quarter. Aviva PLC now owns 58,559 shares of the information technology services provider’s stock valued at $23,671,000 after buying an additional 3,390 shares during the period. Buttonwood Financial Advisors Inc. purchased a new stake in shares of Gartner during the third quarter worth $1,581,000. Highland Capital Management LLC acquired a new stake in Gartner during the third quarter valued at $1,502,000. Resona Asset Management Co. Ltd. boosted its position in Gartner by 51.0% during the third quarter. Resona Asset Management Co. Ltd. now owns 248,028 shares of the information technology services provider’s stock valued at $65,068,000 after purchasing an additional 83,789 shares during the last quarter. Finally, Laurus Global Equity Management Inc. purchased a new position in Gartner in the third quarter valued at about $3,833,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. UBS Group set a $180.00 price target on Gartner in a report on Wednesday, February 4th. Wells Fargo & Company cut their price objective on shares of Gartner from $218.00 to $150.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 4th. Barclays decreased their target price on shares of Gartner from $260.00 to $180.00 and set an “equal weight” rating for the company in a research report on Thursday, February 5th. Weiss Ratings restated a “sell (d+)” rating on shares of Gartner in a report on Thursday, January 22nd. Finally, Robert W. Baird set a $240.00 price objective on shares of Gartner in a report on Wednesday, February 4th. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $190.70.

Gartner Stock Up 0.8%

Gartner stock opened at $161.24 on Thursday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 4.42. Gartner, Inc. has a 1-year low of $139.18 and a 1-year high of $519.37. The company has a fifty day simple moving average of $226.91 and a 200 day simple moving average of $241.40. The company has a market cap of $11.62 billion, a P/E ratio of 16.71 and a beta of 1.06.

Gartner (NYSE:IT) last released its earnings results on Tuesday, February 3rd. The information technology services provider reported $3.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.50 by $0.44. The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.75 billion. Gartner had a return on equity of 83.48% and a net margin of 11.22%.Gartner’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $5.45 earnings per share. Gartner has set its FY 2026 guidance at 12.300- EPS. Research analysts anticipate that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Insider Activity at Gartner

In other news, Director Stephen G. Pagliuca bought 43,300 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The stock was acquired at an average cost of $229.57 per share, with a total value of $9,940,381.00. Following the completion of the purchase, the director owned 111,613 shares of the company’s stock, valued at $25,622,996.41. This represents a 63.38% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Claire Herkes sold 367 shares of the company’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $231.56, for a total transaction of $84,982.52. Following the sale, the executive vice president directly owned 4,074 shares in the company, valued at $943,375.44. This trade represents a 8.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.30% of the stock is owned by company insiders.

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.