Clarkston Capital Partners LLC Raises Position in Gartner, Inc. $IT

Clarkston Capital Partners LLC lifted its stake in Gartner, Inc. (NYSE:IT) by 569.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 147,159 shares of the information technology services provider’s stock after purchasing an additional 125,184 shares during the period. Clarkston Capital Partners LLC owned 0.19% of Gartner worth $38,684,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Penserra Capital Management LLC lifted its position in Gartner by 12.3% during the second quarter. Penserra Capital Management LLC now owns 410 shares of the information technology services provider’s stock valued at $165,000 after purchasing an additional 45 shares in the last quarter. Harbor Capital Advisors Inc. increased its position in Gartner by 2.8% in 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 in the last quarter. Cresset Asset Management LLC increased its position in Gartner by 3.3% in the third quarter. Cresset Asset Management LLC now owns 1,493 shares of the information technology services provider’s stock worth $392,000 after buying an additional 47 shares in the last quarter. Shell Asset Management Co. raised its stake in shares of Gartner by 2.7% in 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 period. Finally, Rothschild Investment LLC lifted its position in shares of Gartner by 32.1% during the 3rd 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. 91.51% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on IT. Morgan Stanley cut their price objective on Gartner from $275.00 to $200.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 4th. Royal Bank Of Canada set a $175.00 target price on shares of Gartner in a research note on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft set a $204.00 price target on shares of Gartner in a report on Wednesday, February 4th. Truist Financial dropped their price target on shares of Gartner from $300.00 to $170.00 and set a “buy” rating for the company in a research report on Friday, February 6th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Gartner in a research report on Thursday, January 22nd. Four research 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, the company has an average rating of “Hold” and an average price target of $190.70.

Gartner Price Performance

Shares of Gartner stock opened at $169.02 on Monday. The stock has a 50 day moving average of $198.32 and a 200 day moving average of $227.48. Gartner, Inc. has a 12 month low of $139.18 and a 12 month high of $485.33. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 9.30. The firm has a market cap of $11.91 billion, a PE ratio of 17.52, a PEG ratio of 1.69 and a beta of 1.08.

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

Insider Activity at Gartner

In related news, Director Stephen G. Pagliuca purchased 43,300 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The stock was bought at an average price of $229.57 per share, for a total transaction of $9,940,381.00. Following the completion of the transaction, the director owned 111,613 shares in the company, valued at approximately $25,622,996.41. The trade was a 63.38% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 3.60% of the company’s stock.

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.