WINTON GROUP Ltd Acquires New Stake in Gartner, Inc. $IT

WINTON GROUP Ltd bought a new stake in Gartner, Inc. (NYSE:IT) in the 3rd quarter, Holdings Channel reports. The institutional investor bought 24,066 shares of the information technology services provider’s stock, valued at approximately $6,326,000.

Other hedge funds also recently modified their holdings of the company. Addison Advisors LLC purchased a new stake in shares of Gartner during the second quarter worth about $27,000. Osterweis Capital Management Inc. purchased a new position in shares of Gartner during the second quarter valued at approximately $48,000. True Wealth Design LLC boosted its position in Gartner by 1,130.8% during the third quarter. True Wealth Design LLC now owns 160 shares of the information technology services provider’s stock worth $42,000 after acquiring an additional 147 shares during the last quarter. Versant Capital Management Inc boosted its position in Gartner by 1,284.6% during the third quarter. Versant Capital Management Inc now owns 180 shares of the information technology services provider’s stock worth $47,000 after acquiring an additional 167 shares during the last quarter. Finally, Caldwell Trust Co purchased a new stake in Gartner in the 2nd quarter worth approximately $81,000. 91.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Truist Financial cut their price target on Gartner from $300.00 to $170.00 and set a “buy” rating for the company in a report on Friday, February 6th. Royal Bank Of Canada set a $175.00 price objective on Gartner in a report on Wednesday, February 4th. The Goldman Sachs Group reiterated a “buy” rating and issued a $220.00 target price on shares of Gartner in a research note on Thursday, February 5th. Robert W. Baird set a $240.00 target price on Gartner in a research report on Wednesday, February 4th. Finally, Morgan Stanley reduced their target price on Gartner from $275.00 to $200.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 4th. Four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $190.70.

Gartner Stock Performance

NYSE:IT opened at $166.65 on Tuesday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 9.30. The company has a market cap of $11.74 billion, a P/E ratio of 17.27, a P/E/G ratio of 1.69 and a beta of 1.08. Gartner, Inc. has a fifty-two week low of $139.18 and a fifty-two week high of $476.35. The firm’s 50 day moving average is $196.58 and its two-hundred day moving average is $226.94.

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

Insiders Place Their Bets

In other news, Director Stephen G. Pagliuca bought 43,300 shares of Gartner stock in a transaction that occurred on Wednesday, December 10th. The shares were purchased 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 of the company’s stock, valued at $25,622,996.41. The trade was a 63.38% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.60% of the company’s stock.

Gartner 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.