Artisan Partners Limited Partnership Takes $44.68 Million Position in Gartner, Inc. $IT

Artisan Partners Limited Partnership acquired a new position in Gartner, Inc. (NYSE:IT) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 169,966 shares of the information technology services provider’s stock, valued at approximately $44,679,000. Artisan Partners Limited Partnership owned about 0.22% of Gartner as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the business. Penserra Capital Management LLC increased its stake in shares of Gartner by 12.3% during the 2nd quarter. Penserra Capital Management LLC now owns 410 shares of the information technology services provider’s stock worth $165,000 after purchasing an additional 45 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in Gartner by 2.8% during the third quarter. Harbor Capital Advisors Inc. now owns 1,701 shares of the information technology services provider’s stock worth $447,000 after buying an additional 46 shares during the last quarter. Shell Asset Management Co. increased its position in Gartner by 2.7% during the third quarter. Shell Asset Management Co. now owns 2,064 shares of the information technology services provider’s stock worth $543,000 after buying an additional 54 shares during the last quarter. Rothschild Investment LLC raised its holdings in Gartner by 32.1% during the third quarter. Rothschild Investment LLC now owns 255 shares of the information technology services provider’s stock valued at $67,000 after buying an additional 62 shares in the last quarter. Finally, Addison Advisors LLC acquired a new stake in shares of Gartner in the second quarter worth about $27,000. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Gartner

In other news, EVP Claire Herkes sold 367 shares of the business’s stock in a transaction that occurred 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 approximately $943,375.44. The trade was a 8.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP John J. Rinello sold 220 shares of the company’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $229.57, for a total value of $50,505.40. Following the completion of the transaction, the senior vice president owned 3,046 shares of the company’s stock, valued at $699,270.22. The trade was a 6.74% 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 corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Morgan Stanley cut their price objective on Gartner from $275.00 to $200.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 4th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Gartner in a report on Thursday, January 22nd. Robert W. Baird set a $240.00 price target on shares of Gartner in a research report on Wednesday, February 4th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Gartner in a report on Thursday, February 5th. Finally, UBS Group set a $180.00 target price on shares of Gartner in a research note on Wednesday, February 4th. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Gartner currently has an average rating of “Hold” and a consensus target price of $190.70.

Gartner Stock Up 0.8%

IT opened at $157.06 on Friday. The business has a 50 day moving average of $206.80 and a 200-day moving average of $230.22. The stock has a market capitalization of $11.06 billion, a price-to-earnings ratio of 16.28, a P/E/G ratio of 1.58 and a beta of 1.06. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 9.30. Gartner, Inc. has a 1-year low of $139.18 and a 1-year high of $499.72.

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

Gartner Company Profile

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.