Weitz Investment Management Inc. Has $28.23 Million Stock Holdings in Gartner, Inc. $IT

Weitz Investment Management Inc. lifted its position in shares of Gartner, Inc. (NYSE:IT) by 22.1% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 107,375 shares of the information technology services provider’s stock after buying an additional 19,450 shares during the quarter. Gartner comprises 1.5% of Weitz Investment Management Inc.’s holdings, making the stock its 28th biggest position. Weitz Investment Management Inc. owned 0.14% of Gartner worth $28,226,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Norges Bank bought a new position in shares of Gartner in the second quarter worth $394,133,000. Vanguard Group Inc. grew its holdings in shares of Gartner by 5.3% during the 3rd quarter. Vanguard Group Inc. now owns 10,082,185 shares of the information technology services provider’s stock valued at $2,650,304,000 after purchasing an additional 509,902 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Gartner by 304.5% during the second quarter. AQR Capital Management LLC now owns 660,186 shares of the information technology services provider’s stock worth $266,860,000 after buying an additional 496,957 shares in the last quarter. Sustainable Growth Advisers LP raised its position in Gartner by 71.7% in the second 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 purchasing an additional 485,188 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its stake in shares of Gartner by 150.6% during the third quarter. Pacer Advisors Inc. now owns 712,252 shares of the information technology services provider’s stock valued at $187,230,000 after purchasing an additional 428,089 shares in the last quarter. 91.51% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on IT shares. Royal Bank Of Canada set a $175.00 price objective on Gartner in a research report on Wednesday, February 4th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $220.00 price target on shares of Gartner in a research note on Thursday, February 5th. UBS Group set a $180.00 price target on shares of Gartner in a research note on Wednesday, February 4th. Barclays reduced their target price 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. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Gartner in a research report on Thursday, January 22nd. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $190.70.

Insider Activity

In other Gartner news, SVP John J. Rinello sold 220 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The stock was 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 approximately $699,270.22. The trade was a 6.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Claire Herkes sold 367 shares of the firm’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $231.56, for a total value of $84,982.52. Following the completion of the transaction, the executive vice president directly owned 4,074 shares in the company, valued at approximately $943,375.44. This represents a 8.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 3.60% of the stock is currently owned by company insiders.

Gartner Stock Performance

Gartner stock opened at $147.33 on Wednesday. The company has a market capitalization of $10.38 billion, a PE ratio of 15.27, a P/E/G ratio of 1.45 and a beta of 1.06. The firm has a fifty day simple moving average of $212.57 and a two-hundred day simple moving average of $231.79. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 9.30. Gartner, Inc. has a twelve month low of $139.18 and a twelve month high of $507.79.

Gartner (NYSE:IT) last released its quarterly earnings data 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 firm had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.75 billion. During the same quarter in the previous year, the company earned $5.45 earnings per share. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. 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 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.