Gartner (NYSE:IT) Shares Gap Down – Here’s What Happened

Gartner, Inc. (NYSE:IT)’s stock price gapped down prior to trading on Tuesday. The stock had previously closed at $235.26, but opened at $208.00. Gartner shares last traded at $192.1410, with a volume of 535,748 shares traded.

Gartner News Roundup

Here are the key news stories impacting Gartner this week:

• Positive Sentiment: Gartner reported Q3 adjusted earnings of $3.59 per share, above the $2.84 consensus, and revenue of $1.51 billion, slightly ahead of estimates. The company also raised its 2026 outlook. Gartner Q3 Earnings Call Highlights Slower Growth Recovery
• Positive Sentiment: Zacks upgraded Gartner to Rank #2 (Buy), citing improving optimism around its earnings prospects. Gartner Upgraded to Buy by Zacks
• Neutral Sentiment: Several firms raised their price targets while keeping neutral or equal-weight ratings, suggesting some valuation support but limited conviction in near-term upside. UBS analyst recommendations
• Negative Sentiment: Investors remain concerned about Gartner’s slower contract-value recovery, longer sales cycles and rising costs. Revenue was down 1.2% year over year, and reports highlighted competition from lower-cost AI services as a potential threat to its business. Weak forecast and AI competition concerns
• Negative Sentiment: Truist cut its rating from Buy to Hold and reduced its price target, pointing to the weaker-than-hoped growth outlook after the results. Truist cuts Gartner rating to Hold

Wall Street Analyst Weigh In

IT has been the subject of several recent analyst reports. Weiss Ratings cut Gartner from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, October 26th. Morgan Stanley increased their price objective on shares of Gartner from $182.00 to $192.00 and gave the stock an “equal weight” rating in a report on Wednesday. The Goldman Sachs Group increased their price objective on shares of Gartner from $181.00 to $207.00 and gave the stock a “neutral” rating in a report on Wednesday. Zacks Research cut shares of Gartner from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Finally, Wells Fargo & Company boosted their target price on shares of Gartner from $150.00 to $175.00 and gave the company an “underweight” rating in a report on Tuesday, October 20th. Eight analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $202.70.

Gartner Trading Down 4.4%

The company has a debt-to-equity ratio of 46.98, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a market capitalization of $12.51 billion, a price-to-earnings ratio of 14.11, a P/E/G ratio of 0.79 and a beta of 0.92. The business has a fifty day moving average price of $197.29 and a 200 day moving average price of $169.90.

Gartner (NYSE:IT) last issued its earnings results on Tuesday, November 3rd. The information technology services provider reported $3.59 earnings per share for the quarter, beating analysts’ consensus estimates of $2.84 by $0.75. Gartner had a return on equity of 1,440.35% and a net margin of 14.81%. The firm had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter last year, the firm earned $2.76 earnings per share. The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. As a group, equities analysts forecast that Gartner, Inc. will post 14.00 earnings per share for the current year.

Insider Transactions at Gartner

In other news, EVP Akhil Jain sold 700 shares of Gartner stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $201.73, for a total value of $141,211.00. Following the transaction, the executive vice president directly owned 8,130 shares of the company’s stock, valued at $1,640,064.90. The trade was a 7.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Anne Fuchs sold 860 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $184.30, for a total value of $158,498.00. Following the sale, the director owned 8,097 shares of the company’s stock, valued at $1,492,277.10. The trade was a 9.60% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 6,043 shares of company stock valued at $1,172,858. 2.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of IT. Illinois Municipal Retirement Fund grew its stake in Gartner by 43.6% in the third quarter. Illinois Municipal Retirement Fund now owns 27,109 shares of the information technology services provider’s stock worth $5,057,000 after purchasing an additional 8,237 shares in the last quarter. Lido Advisors LLC increased its holdings in Gartner by 40.0% in the third quarter. Lido Advisors LLC now owns 51,476 shares of the information technology services provider’s stock valued at $9,602,000 after buying an additional 14,709 shares during the last quarter. New York Life Investment Management LLC increased its holdings in Gartner by 0.5% in the third quarter. New York Life Investment Management LLC now owns 17,654 shares of the information technology services provider’s stock valued at $3,293,000 after buying an additional 92 shares during the last quarter. AlphaCore Capital LLC increased its holdings in Gartner by 41.2% in the third quarter. AlphaCore Capital LLC now owns 3,122 shares of the information technology services provider’s stock valued at $582,000 after buying an additional 911 shares during the last quarter. Finally, Fulcrum Asset Management LLP raised its stake in Gartner by 5,888.4% during the third quarter. Fulcrum Asset Management LLP now owns 17,606 shares of the information technology services provider’s stock valued at $3,272,000 after buying an additional 17,312 shares in the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

Gartner Company Profile

Gartner, Inc is a global research and advisory company that provides information, analysis and guidance to business leaders, technology professionals and public-sector organizations. Its work focuses on helping clients evaluate technology markets, develop business strategies, manage risk and make decisions about digital transformation and other organizational priorities.

The company delivers its services through research and advisory programs, consulting engagements, executive guidance and conferences.