Primecap Management Co. CA Purchases 57,000 Shares of Gartner, Inc. $IT

Primecap Management Co. CA increased its position in shares of Gartner, Inc. (NYSE:IT) by 140.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 97,500 shares of the information technology services provider’s stock after purchasing an additional 57,000 shares during the period. Primecap Management Co. CA’s holdings in Gartner were worth $25,630,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Norges Bank purchased a new stake in Gartner in the 2nd quarter worth $394,133,000. Vanguard Group Inc. lifted its position in shares of Gartner by 5.3% in the third 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 acquiring an additional 509,902 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Gartner by 304.5% in 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 acquiring an additional 496,957 shares during the period. Sustainable Growth Advisers LP boosted its stake in shares of 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 worth $469,507,000 after acquiring an additional 485,188 shares during the period. Finally, Pacer Advisors Inc. grew its position 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 worth $187,230,000 after purchasing an additional 428,089 shares in the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on IT. Deutsche Bank Aktiengesellschaft set a $204.00 price target on Gartner in a report on Wednesday, February 4th. UBS Group set a $180.00 target price on shares of Gartner in a report on Wednesday, February 4th. Royal Bank Of Canada set a $175.00 target price on shares of Gartner in a research report on Wednesday, February 4th. Morgan Stanley cut their target price on shares of Gartner from $275.00 to $200.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 4th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Gartner in a research note on Thursday, January 22nd. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $190.70.

Gartner Trading Up 0.8%

IT stock opened at $157.06 on Friday. The firm has a fifty day moving average price of $206.80 and a 200 day moving average price of $230.21. Gartner, Inc. has a fifty-two week low of $139.18 and a fifty-two week high of $499.72. The firm has a market cap of $11.06 billion, a PE ratio of 16.28, a price-to-earnings-growth ratio of 1.56 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.

Gartner (NYSE:IT) last issued 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. The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.75 billion. Gartner had a return on equity of 102.20% and a net margin of 11.22%.The company’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the business posted $5.45 earnings per share. 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 fiscal year.

Insider Activity

In other Gartner news, SVP John J. Rinello sold 220 shares of the company’s stock in a transaction on 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 sale, the senior vice president directly owned 3,046 shares in the company, valued at approximately $699,270.22. This represents 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, Director Stephen G. Pagliuca bought 43,300 shares of the company’s stock in a transaction on Wednesday, December 10th. The shares were acquired at an average price of $229.57 per share, for a total transaction of $9,940,381.00. Following the completion of the acquisition, the director owned 111,613 shares in the company, valued at $25,622,996.41. This represents a 63.38% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 2.30% of the company’s stock.

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.