South Dakota Investment Council Purchases Shares of 4,000 Gartner, Inc. $IT

South Dakota Investment Council bought a new stake in Gartner, Inc. (NYSE:IT) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 4,000 shares of the information technology services provider’s stock, valued at approximately $1,051,000.

A number of other hedge funds also recently bought and sold shares of the business. Penserra Capital Management LLC grew its stake in shares of Gartner by 12.3% in the 2nd quarter. Penserra Capital Management LLC now owns 410 shares of the information technology services provider’s stock worth $165,000 after buying an additional 45 shares in the last quarter. Harbor Capital Advisors Inc. increased its stake in Gartner by 2.8% during the third quarter. Harbor Capital Advisors Inc. now owns 1,701 shares of the information technology services provider’s stock worth $447,000 after acquiring an additional 46 shares during the last quarter. Shell Asset Management Co. raised its position in Gartner by 2.7% during the third quarter. Shell Asset Management Co. now owns 2,064 shares of the information technology services provider’s stock valued at $543,000 after purchasing an additional 54 shares during the period. Rothschild Investment LLC lifted its stake in shares of Gartner by 32.1% in the 3rd quarter. Rothschild Investment LLC now owns 255 shares of the information technology services provider’s stock valued at $67,000 after purchasing an additional 62 shares during the last quarter. Finally, Addison Advisors LLC purchased a new position in shares of Gartner in the 2nd quarter worth approximately $27,000. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Gartner Trading Up 2.6%

IT opened at $171.17 on Friday. 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 stock’s fifty day moving average is $199.99 and its two-hundred day moving average is $228.19. The company has a market capitalization of $12.06 billion, a P/E ratio of 17.74, a PEG ratio of 1.67 and a beta of 1.08. Gartner, Inc. has a 52 week low of $139.18 and a 52 week high of $490.13.

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

Insider Transactions at Gartner

In other Gartner news, Director Stephen G. Pagliuca bought 43,300 shares of the business’s stock in a transaction on Wednesday, December 10th. The shares were acquired at an average price of $229.57 per share, with a total value of $9,940,381.00. Following the transaction, the director owned 111,613 shares of the company’s stock, valued at approximately $25,622,996.41. This trade represents a 63.38% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms recently weighed in on IT. Truist Financial decreased their price target on Gartner from $300.00 to $170.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Deutsche Bank Aktiengesellschaft set a $204.00 target price on shares of Gartner in a report on Wednesday, February 4th. Barclays dropped their price target 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. Robert W. Baird set a $240.00 price objective on shares of Gartner in a research note on Wednesday, February 4th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Gartner in a research report on Thursday, January 22nd. Four research 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 data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $190.70.

About Gartner

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.