Gartner, Inc. $IT Shares Bought by Madison Asset Management LLC

Madison Asset Management LLC boosted its position in Gartner, Inc. (NYSE:IT) by 1.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 715,811 shares of the information technology services provider’s stock after buying an additional 12,998 shares during the quarter. Gartner makes up about 2.1% of Madison Asset Management LLC’s portfolio, making the stock its 9th biggest position. Madison Asset Management LLC owned about 0.95% of Gartner worth $188,165,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of IT. Vanguard Group Inc. boosted its position in Gartner by 1.5% during the second quarter. Vanguard Group Inc. now owns 9,572,283 shares of the information technology services provider’s stock worth $3,869,308,000 after purchasing an additional 138,834 shares during the period. State Street Corp lifted its stake in shares of Gartner by 2.9% during the 2nd quarter. State Street Corp now owns 3,413,397 shares of the information technology services provider’s stock worth $1,379,763,000 after buying an additional 96,172 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Gartner by 4.1% during the 2nd quarter. Geode Capital Management LLC now owns 2,258,233 shares of the information technology services provider’s stock worth $910,481,000 after buying an additional 89,877 shares during the period. Sustainable Growth Advisers LP grew its stake in Gartner by 71.7% in the 2nd quarter. Sustainable Growth Advisers LP now owns 1,161,513 shares of the information technology services provider’s stock valued at $469,507,000 after buying an additional 485,188 shares during the last quarter. Finally, Norges Bank bought a new position in Gartner in the 2nd quarter valued at about $394,133,000. Institutional investors own 91.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on IT shares. Royal Bank Of Canada set a $175.00 target price on Gartner in a report on Wednesday, February 4th. UBS Group set a $180.00 price objective on shares of Gartner in a research note on Wednesday, February 4th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $220.00 target price on shares of Gartner in a report on Thursday, February 5th. Wells Fargo & Company dropped 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. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Gartner in a research report on Thursday, January 22nd. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Gartner presently has an average rating of “Hold” and a consensus price target of $190.70.

Gartner Price Performance

Shares of IT stock opened at $159.52 on Wednesday. Gartner, Inc. has a twelve month low of $139.18 and a twelve month high of $529.13. The stock has a market cap of $11.50 billion, a price-to-earnings ratio of 16.53 and a beta of 1.06. The business’s fifty day moving average is $228.33 and its 200 day moving average is $241.96. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 4.42.

Gartner (NYSE:IT) last issued its quarterly earnings results on Tuesday, February 3rd. The information technology services provider reported $3.94 earnings per share 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 the consensus estimate of $1.75 billion. Gartner had a return on equity of 83.48% and a net margin of 11.22%.The company’s revenue was up 2.2% on a year-over-year basis. During the same period last year, the company earned $5.45 earnings per share. Gartner has set its FY 2026 guidance at 12.300- EPS. Research analysts expect that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Insider Activity

In related news, SVP John J. Rinello sold 220 shares of the firm’s stock in a transaction that occurred 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 transaction, the senior vice president owned 3,046 shares of the company’s stock, valued at approximately $699,270.22. This trade represents a 6.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Claire Herkes sold 367 shares of the business’s stock in a transaction on Wednesday, December 3rd. The shares were 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 of the company’s stock, valued at approximately $943,375.44. The trade was a 8.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 3.60% of the stock is owned by corporate insiders.

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.