AXQ Capital LP Purchases New Shares in Gartner, Inc. $IT

AXQ Capital LP purchased a new stake in shares of Gartner, Inc. (NYSE:IT) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 3,996 shares of the information technology services provider’s stock, valued at approximately $1,050,000.

A number of other institutional investors also recently bought and sold shares of IT. Allianz Asset Management GmbH grew its stake in Gartner by 28.9% in the third quarter. Allianz Asset Management GmbH now owns 122,662 shares of the information technology services provider’s stock worth $32,244,000 after purchasing an additional 27,497 shares during the period. Madison Asset Management LLC boosted its holdings in shares of Gartner by 1.8% during the 3rd quarter. Madison Asset Management LLC now owns 715,811 shares of the information technology services provider’s stock valued at $188,165,000 after buying an additional 12,998 shares in the last quarter. Aviva PLC grew its position in shares of Gartner by 6.1% in the 2nd quarter. Aviva PLC now owns 58,559 shares of the information technology services provider’s stock worth $23,671,000 after buying an additional 3,390 shares during the period. Buttonwood Financial Advisors Inc. bought a new position in shares of Gartner in the 3rd quarter worth about $1,581,000. Finally, Resona Asset Management Co. Ltd. lifted its position in Gartner by 51.0% during the 3rd 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 acquiring an additional 83,789 shares during the period. 91.51% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Stephen G. Pagliuca purchased 43,300 shares of the stock in a transaction on Wednesday, December 10th. The shares were acquired at an average price of $229.57 per share, with a total value of $9,940,381.00. Following the completion of the acquisition, the director directly owned 111,613 shares of the company’s stock, valued at $25,622,996.41. This trade represents a 63.38% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Claire Herkes sold 367 shares of the 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 completion of the sale, the executive vice president directly owned 4,074 shares of the company’s stock, valued at approximately $943,375.44. This trade represents a 8.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 3.60% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on IT shares. Royal Bank Of Canada set a $175.00 target price on shares of Gartner in a research note on Wednesday, February 4th. Truist Financial cut their price objective on shares of Gartner from $300.00 to $170.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. Barclays reduced their price objective on shares of Gartner from $260.00 to $180.00 and set an “equal weight” rating for the company in a research note on Thursday, February 5th. Robert W. Baird set a $240.00 target price on shares of Gartner in a research note on Wednesday, February 4th. Finally, Wells Fargo & Company reduced their price target on shares of Gartner from $218.00 to $150.00 and set an “underweight” rating for the company in a research 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $190.70.

Gartner Price Performance

Shares of Gartner stock opened at $144.92 on Tuesday. The stock has a market cap of $10.21 billion, a P/E ratio of 15.02, a P/E/G ratio of 1.54 and a beta of 1.06. The company has a debt-to-equity ratio of 9.30, a quick ratio of 1.00 and a current ratio of 1.00. The stock’s fifty day moving average is $214.56 and its 200 day moving average is $232.36. Gartner, Inc. has a one year low of $139.18 and a one year high of $507.79.

Gartner (NYSE:IT) last issued its quarterly earnings results on Tuesday, February 3rd. The information technology services provider reported $3.94 EPS for the quarter, topping analysts’ consensus estimates of $3.50 by $0.44. Gartner had a return on equity of 102.20% and a net margin of 11.22%.The business had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.75 billion. During the same quarter in the prior year, the business posted $5.45 earnings per share. The business’s quarterly revenue was up 2.2% on a year-over-year basis. Gartner has set its FY 2026 guidance at 12.300- EPS. 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.