Gartner, Inc. (NYSE:IT) Sees Significant Growth in Short Interest

Gartner, Inc. (NYSE:IT) saw a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 5,809,501 shares, a growth of 23.9% from the January 15th total of 4,688,784 shares. Currently, 8.4% of the shares of the company are sold short. Based on an average trading volume of 1,126,192 shares, the days-to-cover ratio is presently 5.2 days. Based on an average trading volume of 1,126,192 shares, the days-to-cover ratio is presently 5.2 days. Currently, 8.4% of the shares of the company are sold short.

Insider Transactions at Gartner

In related news, SVP John J. Rinello sold 220 shares of the stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $229.57, for a total value of $50,505.40. Following the completion of the sale, the senior vice president owned 3,046 shares in the company, valued at approximately $699,270.22. This trade represents a 6.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Claire Herkes sold 367 shares of Gartner stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $231.56, for a total value of $84,982.52. Following the sale, the executive vice president directly owned 4,074 shares in the company, valued at approximately $943,375.44. This trade represents a 8.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 3.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Gartner

Institutional investors have recently bought and sold shares of the business. Physician Wealth Advisors Inc. boosted its position in shares of Gartner by 143.9% in the 4th quarter. Physician Wealth Advisors Inc. now owns 100 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 59 shares during the last quarter. DV Equities LLC acquired a new position in Gartner in the fourth quarter valued at about $25,000. Rakuten Securities Inc. boosted its holdings in Gartner by 1,980.0% during the fourth quarter. Rakuten Securities Inc. now owns 104 shares of the information technology services provider’s stock worth $26,000 after buying an additional 99 shares during the last quarter. Entrust Financial LLC acquired a new position in shares of Gartner during the 4th quarter worth about $26,000. Finally, Addison Advisors LLC bought a new stake in shares of Gartner in the 2nd quarter valued at about $27,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

Gartner Trading Up 2.8%

NYSE:IT traded up $4.31 during trading hours on Wednesday, hitting $160.61. 399,560 shares of the stock were exchanged, compared to its average volume of 1,609,054. The company has a market capitalization of $11.58 billion, a P/E ratio of 16.65 and a beta of 1.06. 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’s 50 day moving average is $221.10 and its two-hundred day moving average is $235.45. Gartner has a twelve month low of $139.18 and a twelve month high of $517.06.

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

Analyst Ratings Changes

IT has been the subject of several recent analyst reports. The Goldman Sachs Group reiterated a “buy” rating and set a $220.00 price objective on shares of Gartner in a research note on Thursday, February 5th. Wells Fargo & Company cut their price target on shares of Gartner from $218.00 to $150.00 and set an “underweight” rating for the company in a report on Wednesday, February 4th. Barclays decreased their price objective on shares of Gartner from $260.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 5th. Robert W. Baird set a $240.00 price objective on shares of Gartner in a report on Wednesday, February 4th. Finally, UBS Group set a $180.00 target price on Gartner in a 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 given a Sell rating to the company. According to MarketBeat.com, Gartner has a consensus rating of “Hold” and an average 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.