Victory Capital Management Inc. Grows Holdings in Gartner, Inc. $IT

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

Several other institutional investors also recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in Gartner during the 2nd quarter valued at about $394,133,000. Vanguard Group Inc. grew its position in shares of Gartner by 5.3% during the 3rd 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 acquiring an additional 509,902 shares during the period. AQR Capital Management LLC increased its position in shares of Gartner by 304.5% in the second quarter. AQR Capital Management LLC now owns 660,186 shares of the information technology services provider’s stock valued at $266,860,000 after buying an additional 496,957 shares in the last quarter. Sustainable Growth Advisers LP increased its holdings in Gartner by 71.7% in the 2nd 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, Pacer Advisors Inc. lifted its stake in Gartner by 150.6% in the 3rd quarter. Pacer Advisors Inc. now owns 712,252 shares of the information technology services provider’s stock valued at $187,230,000 after buying an additional 428,089 shares in the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Analysts Set New Price Targets

IT has been the subject of a number of research reports. Morgan Stanley dropped their target price 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. Barclays reduced their target price 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. The Goldman Sachs Group reiterated a “buy” rating and set a $220.00 price target on shares of Gartner in a report on Thursday, February 5th. Weiss Ratings restated a “sell (d+)” rating on shares of Gartner in a research note on Thursday, January 22nd. Finally, BMO Capital Markets restated a “market perform” rating on shares of Gartner in a report on Thursday, February 5th. Four equities 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. According to MarketBeat, Gartner currently has an average rating of “Hold” and a consensus price target of $190.70.

Gartner Trading Up 2.6%

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

Gartner (NYSE:IT) last announced its quarterly earnings results 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 firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.75 billion. During the same period in the prior year, the company posted $5.45 earnings per share. The firm’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. As a group, equities research analysts expect that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Stephen G. Pagliuca purchased 43,300 shares of Gartner 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 completion of the transaction, the director directly owned 111,613 shares in the company, valued at approximately $25,622,996.41. The trade was a 63.38% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.30% of the stock is owned by corporate insiders.

Gartner 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.