Weitz Investment Management Inc. Buys 19,450 Shares of Gartner, Inc. $IT

Weitz Investment Management Inc. raised its position in shares of Gartner, Inc. (NYSE:IT) by 22.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 107,375 shares of the information technology services provider’s stock after purchasing an additional 19,450 shares during the quarter. Gartner comprises about 1.5% of Weitz Investment Management Inc.’s investment portfolio, making the stock its 28th biggest holding. Weitz Investment Management Inc.’s holdings in Gartner were worth $28,226,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Counterpoint Mutual Funds LLC purchased a new stake in Gartner in the 3rd quarter worth about $356,000. Mufg Securities Americas Inc. grew its stake in Gartner by 19.8% in the third quarter. Mufg Securities Americas Inc. now owns 2,043 shares of the information technology services provider’s stock worth $537,000 after purchasing an additional 337 shares in the last quarter. AXQ Capital LP purchased a new position in Gartner during the 3rd quarter worth $1,050,000. EverSource Wealth Advisors LLC grew its position in shares of Gartner by 86.8% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,416 shares of the information technology services provider’s stock worth $372,000 after buying an additional 658 shares in the last quarter. Finally, Aurora Investment Managers LLC. increased its position in Gartner by 6.3% during the 3rd quarter. Aurora Investment Managers LLC. now owns 4,813 shares of the information technology services provider’s stock valued at $1,265,000 after purchasing an additional 286 shares during the period. 91.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Barclays cut 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 report on Thursday, February 5th. BMO Capital Markets reiterated a “market perform” rating on shares of Gartner in a research note on Thursday, February 5th. UBS Group set a $180.00 price objective on shares of Gartner in a research note on Wednesday, February 4th. Robert W. Baird set a $240.00 price target on Gartner in a research note on Wednesday, February 4th. Finally, Morgan Stanley decreased their target price on shares of Gartner from $275.00 to $200.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 4th. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Gartner has an average rating of “Hold” and a consensus price target of $190.70.

Insiders Place Their Bets

In related news, Director Stephen G. Pagliuca bought 43,300 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The shares were purchased at an average cost of $229.57 per share, with a total value of $9,940,381.00. Following the transaction, the director directly owned 111,613 shares of the company’s stock, valued at approximately $25,622,996.41. This represents a 63.38% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Claire Herkes sold 367 shares of the firm’s 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 transaction, the executive vice president directly owned 4,074 shares in the company, valued at approximately $943,375.44. The trade was a 8.26% decrease in their position. The SEC filing for this sale provides additional information. 3.60% of the stock is currently owned by company insiders.

Gartner Trading Up 1.6%

Shares of IT stock opened at $147.33 on Wednesday. Gartner, Inc. has a 1-year low of $139.18 and a 1-year high of $507.79. The firm has a market cap of $10.38 billion, a PE ratio of 15.27, a price-to-earnings-growth ratio of 1.45 and a beta of 1.06. The company has a 50-day moving average of $212.57 and a two-hundred day moving average of $231.79. 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 (NYSE:IT) last released its quarterly earnings results on Tuesday, February 3rd. The information technology services provider reported $3.94 EPS 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 analyst estimates of $1.75 billion. Gartner had a return on equity of 102.20% and a net margin of 11.22%.The company’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period last year, the business posted $5.45 earnings per share. Gartner has set its FY 2026 guidance at 12.300- EPS. On average, analysts predict that Gartner, Inc. will post 12.5 EPS for the current 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.