Gartner (NYSE:IT) Trading Down 5% – Should You Sell?

Gartner, Inc. (NYSE:IT) shares traded down 5% during mid-day trading on Friday . The company traded as low as $184.84 and last traded at $185.7370. Approximately 86,106 shares traded hands during trading, a decline of 94% from the average session volume of 1,539,191 shares. The stock had previously closed at $195.46.

Wall Street Analyst Weigh In

A number of research analysts recently commented on IT shares. Wells Fargo & Company increased their price target on Gartner from $120.00 to $150.00 and gave the company an “underweight” rating in a report on Wednesday, August 5th. BMO Capital Markets decreased their price target on shares of Gartner from $214.00 to $206.00 and set a “market perform” rating for the company in a research report on Tuesday, August 18th. Royal Bank Of Canada lifted their price target on shares of Gartner from $160.00 to $164.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 5th. Weiss Ratings raised shares of Gartner from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, August 13th. Finally, The Goldman Sachs Group increased their price objective on shares of Gartner from $162.00 to $181.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $187.30.

Gartner Price Performance

The company has a debt-to-equity ratio of 46.98, a quick ratio of 0.88 and a current ratio of 0.88. The company’s 50 day moving average price is $162.96 and its 200-day moving average price is $157.21. The company has a market cap of $11.87 billion, a price-to-earnings ratio of 16.86, a PEG ratio of 0.64 and a beta of 0.96.

Gartner (NYSE:IT) last issued its earnings results on Tuesday, August 4th. The information technology services provider reported $4.37 EPS for the quarter, beating analysts’ consensus estimates of $3.76 by $0.61. Gartner had a return on equity of 525.46% and a net margin of 11.99%.The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the previous year, the company posted $3.53 earnings per share. The business’s quarterly revenue was down .6% compared to the same quarter last year. Gartner has set its FY 2026 guidance at 14.000- EPS. On average, equities research analysts forecast that Gartner, Inc. will post 14.42 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Robin B. Kranich sold 3,278 shares of the firm’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $196.50, for a total value of $644,127.00. Following the transaction, the executive vice president owned 20,358 shares in the company, valued at $4,000,347. This trade represents a 13.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Yvonne Genovese sold 1,205 shares of the company’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $190.06, for a total transaction of $229,022.30. Following the transaction, the executive vice president owned 6,208 shares in the company, valued at approximately $1,179,892.48. The trade was a 16.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 6,043 shares of company stock worth $1,172,858 in the last 90 days. 2.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Gartner

A number of large investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System increased its stake in Gartner by 9,136.9% in the 2nd quarter. California State Teachers Retirement System now owns 9,852,805 shares of the information technology services provider’s stock valued at $1,277,121,000 after buying an additional 9,746,137 shares during the last quarter. Bamco Inc. NY bought a new stake in Gartner during the second quarter worth about $985,243,000. BlackRock Inc. acquired a new stake in shares of Gartner in the 2nd quarter valued at approximately $676,246,000. J. Stern & Co. LLP grew its stake in shares of Gartner by 8,182.0% in the fourth quarter. J. Stern & Co. LLP now owns 1,536,890 shares of the information technology services provider’s stock valued at $387,727,000 after buying an additional 1,518,333 shares in the last quarter. Finally, Norges Bank acquired a new position in Gartner during the fourth quarter worth $299,576,000. Institutional investors own 91.51% 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.