Neo Ivy Capital Management Takes $2.99 Million Position in Gartner, Inc. $IT

Neo Ivy Capital Management bought a new position in Gartner, Inc. (NYSE:IT) during the 3rd quarter, Holdings Channel.com reports. The firm bought 11,386 shares of the information technology services provider’s stock, valued at approximately $2,993,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IT. Addison Advisors LLC purchased a new position in shares of Gartner in the second quarter valued at about $27,000. Osterweis Capital Management Inc. bought a new stake in shares of Gartner in the second quarter worth about $48,000. True Wealth Design LLC increased its holdings in Gartner by 1,130.8% during the 3rd quarter. True Wealth Design LLC now owns 160 shares of the information technology services provider’s stock valued at $42,000 after purchasing an additional 147 shares during the period. Versant Capital Management Inc raised its position in Gartner by 1,284.6% during the 3rd quarter. Versant Capital Management Inc now owns 180 shares of the information technology services provider’s stock valued at $47,000 after purchasing 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 currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Truist Financial reduced their target price on Gartner from $300.00 to $170.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. Wells Fargo & Company dropped their price target on Gartner from $218.00 to $150.00 and set an “underweight” rating for the company in a research note on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft set a $204.00 price target on shares of Gartner in a report on Wednesday, February 4th. Morgan Stanley decreased their price objective on shares of Gartner from $275.00 to $200.00 and set an “equal weight” rating for the company in a report on Wednesday, February 4th. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of Gartner in a research report on Thursday, February 5th. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $190.70.

Insider Activity at Gartner

In related news, Director Stephen G. Pagliuca acquired 43,300 shares of the firm’s stock in a transaction dated 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 completion of the acquisition, the director directly 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 ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.30% of the stock is owned by corporate insiders.

Gartner Stock Down 1.1%

IT stock opened at $169.02 on Friday. The stock has a market capitalization of $11.91 billion, a P/E ratio of 17.52, a P/E/G ratio of 1.71 and a beta of 1.08. The company has a debt-to-equity ratio of 9.30, a current ratio of 1.00 and a quick ratio of 1.00. Gartner, Inc. has a 1-year low of $139.18 and a 1-year high of $485.33. The business has a fifty day moving average price of $198.32 and a 200-day moving average price of $227.70.

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

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.