Victory Capital Management Inc. Increases Stake in Gartner, Inc. $IT

Victory Capital Management Inc. boosted its stake in Gartner, Inc. (NYSE:IT) by 635.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 327,236 shares of the information technology services provider’s stock after buying an additional 282,725 shares during the period. Victory Capital Management Inc. owned 0.43% of Gartner worth $86,021,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Gartner by 5.3% during 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 purchasing an additional 509,902 shares in the last quarter. State Street Corp grew its position in shares of Gartner by 2.9% in the 2nd quarter. State Street Corp now owns 3,413,397 shares of the information technology services provider’s stock worth $1,379,763,000 after buying an additional 96,172 shares during the period. Geode Capital Management LLC increased its stake in shares of Gartner by 4.1% in the 2nd quarter. Geode Capital Management LLC now owns 2,258,233 shares of the information technology services provider’s stock worth $910,481,000 after acquiring an additional 89,877 shares in the last quarter. Sustainable Growth Advisers LP boosted its stake in Gartner by 71.7% during 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 in the last quarter. Finally, Norges Bank purchased a new stake in Gartner in the second quarter worth about $394,133,000. Institutional investors own 91.51% of the company’s stock.

Gartner Price Performance

NYSE:IT opened at $171.17 on Friday. The business’s 50-day moving average is $199.99 and its 200 day moving average is $228.19. Gartner, Inc. has a 12 month low of $139.18 and a 12 month high of $490.13. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 9.30. The company has a market capitalization of $12.06 billion, a P/E ratio of 17.74, a P/E/G ratio of 1.67 and a beta of 1.08.

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. Gartner had a return on equity of 102.20% and a net margin of 11.22%.The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.75 billion. During the same period in the prior year, the business posted $5.45 earnings per share. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. Gartner has set its FY 2026 guidance at 12.300- EPS. On average, equities research analysts forecast that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Insider Buying and Selling at Gartner

In other news, Director Stephen G. Pagliuca purchased 43,300 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The stock was purchased at an average cost of $229.57 per share, with a total value of $9,940,381.00. Following the purchase, the director owned 111,613 shares in the company, valued at approximately $25,622,996.41. This trade represents a 63.38% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on IT shares. Deutsche Bank Aktiengesellschaft set a $204.00 price target on Gartner in a research report on Wednesday, February 4th. Truist Financial cut their price target on shares of Gartner from $300.00 to $170.00 and set a “buy” rating on the stock in a report on Friday, February 6th. UBS Group set a $180.00 price objective on Gartner in a report on Wednesday, February 4th. Wells Fargo & Company decreased their target price on shares of Gartner from $218.00 to $150.00 and set an “underweight” rating for the company in a research note on Wednesday, February 4th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Gartner in a report on Thursday, January 22nd. Four 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’s stock. Based on data from MarketBeat, Gartner currently has a consensus rating of “Hold” and a consensus target price of $190.70.

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.