Gartner (NYSE:IT) Shares Gap Down – What’s Next?

Gartner, Inc. (NYSE:IT)’s share price gapped down prior to trading on Tuesday. The stock had previously closed at $235.26, but opened at $208.00. Gartner shares last traded at $192.1410, with a volume of 535,748 shares traded.

More Gartner News

Here are the key news stories impacting Gartner this week:

• Positive Sentiment: Gartner reported third-quarter adjusted earnings of $3.59 per share, well above analysts’ consensus estimates of approximately $2.84–$2.86 and up from $2.76 a year earlier. The earnings outperformance suggests stronger-than-expected profitability and was the primary catalyst for the stock’s increase. Gartner Q3 Earnings and Revenues Beat Estimates
• Positive Sentiment: Quarterly revenue of approximately $1.50 billion modestly exceeded the $1.49 billion consensus forecast. Gartner also reported strong profit growth and provided an updated full-year 2026 outlook, giving investors additional visibility into its performance. Gartner Reports Third Quarter 2026 Financial Results
• Neutral Sentiment: Several reports focused on the earnings release and conference call, with analysts highlighting the earnings beat relative to expectations. The reports did not identify a major change to Gartner’s longer-term outlook beyond the company’s updated 2026 guidance. Gartner Earnings Report and Conference Call
• Negative Sentiment: Revenue declined approximately 1.2%–1.3% year over year to $1.5 billion, making the quarter mixed despite the earnings beat. Continued top-line pressure could limit further upside if investors become concerned about demand or growth prospects. Gartner Reports Mixed Third-Quarter Results with Strong Profit Growth

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. UBS Group increased their target price on Gartner from $196.00 to $208.00 and gave the stock a “neutral” rating in a research note on Monday, October 5th. Zacks Research cut shares of Gartner from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Morgan Stanley lifted their price objective on shares of Gartner from $177.00 to $182.00 and gave the company an “equal weight” rating in a research report on Thursday, October 8th. Weiss Ratings cut shares of Gartner from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, October 26th. Finally, The Goldman Sachs Group increased their target price on Gartner from $162.00 to $181.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Gartner has a consensus rating of “Reduce” and a consensus target price of $198.50.

Gartner Price Performance

The business’s 50 day moving average is $197.04 and its 200-day moving average is $170.19. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 46.98. The firm has a market capitalization of $12.87 billion, a P/E ratio of 18.08, a PEG ratio of 0.82 and a beta of 0.92.

Gartner (NYSE:IT) last issued its earnings results on Tuesday, November 3rd. The information technology services provider reported $3.59 earnings per share for the quarter, beating analysts’ consensus estimates of $2.84 by $0.75. Gartner had a return on equity of 525.46% and a net margin of 11.99%. The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter last year, the business posted $2.76 EPS. The company’s revenue was down 1.2% compared to the same quarter last year. As a group, sell-side analysts predict that Gartner, Inc. will post 14.39 EPS for the current fiscal year.

Insiders Place Their Bets

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

Institutional Trading of Gartner

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Bamco Inc. NY acquired a new stake in Gartner during the 2nd quarter worth approximately $985,243,000. BlackRock Inc. acquired a new position in Gartner in the 2nd quarter valued at approximately $676,246,000. Bank of America Corp DE acquired a new position in Gartner in the 2nd quarter valued at approximately $117,661,000. Madison Asset Management LLC bought a new position in shares of Gartner during the second quarter valued at $74,481,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Gartner during the second quarter valued at $51,262,000. 91.51% of the stock is currently owned by institutional investors.

About Gartner

Gartner, Inc is a global research and advisory company that provides information, analysis and guidance to business leaders, technology professionals and public-sector organizations. Its work focuses on helping clients evaluate technology markets, develop business strategies, manage risk and make decisions about digital transformation and other organizational priorities.

The company delivers its services through research and advisory programs, consulting engagements, executive guidance and conferences.