Primecap Management Co. CA Buys Shares of 117,400 Gartner, Inc. $IT

Primecap Management Co. CA purchased a new stake in shares of Gartner, Inc. (NYSE:IT) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 117,400 shares of the information technology services provider’s stock, valued at approximately $15,217,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of IT. Brighton Jones LLC bought a new position in Gartner in the fourth quarter valued at about $309,000. Sivia Capital Partners LLC bought a new stake in shares of Gartner during the 2nd quarter valued at about $336,000. Cresset Asset Management LLC grew its stake in shares of Gartner by 15.2% during the 2nd quarter. Cresset Asset Management LLC now owns 1,446 shares of the information technology services provider’s stock valued at $585,000 after purchasing an additional 191 shares during the period. Sei Investments Co. increased its position in shares of Gartner by 9.2% during the 2nd quarter. Sei Investments Co. now owns 91,205 shares of the information technology services provider’s stock valued at $36,867,000 after purchasing an additional 7,678 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in shares of Gartner by 111.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 95,301 shares of the information technology services provider’s stock valued at $38,523,000 after purchasing an additional 50,251 shares during the last quarter. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Gartner

Here are the key news stories impacting Gartner this week:

• Positive Sentiment: Recent performance and buybacks support confidence: Gartner shares have gained about 28% over the past three months, helped by consistent earnings beats, relatively steady revenue, and expanded share repurchases. The company’s latest quarterly results also exceeded consensus estimates for both earnings and revenue. Gartner Stock Gains 28% in 3 Months: Here’s What You Should Know
• Neutral Sentiment: AI guidance reinforces Gartner’s market relevance: Gartner is advising businesses to use sandboxes to control and test AI agents. The guidance may support the company’s thought-leadership profile, but the article does not announce a new contract or material financial impact. Gartner: Deploy sandboxes to rein in AI agents
• Neutral Sentiment: Industry research highlights growth opportunities: Gartner forecasts that memory semiconductor sales could quadruple this year, indicating strong technology spending and potential demand for related research and advisory services. However, this is an industry forecast rather than company-specific guidance. Gartner: Memory semiconductor sales to quadruple this year
• Negative Sentiment: Executive insider sale may pressure sentiment: Consulting EVP Akhil Jain sold 700 Gartner shares for approximately $141,211 at an average price of $201.73, reducing his direct holdings by 7.93%. While insider sales can be routine, investors may interpret the transaction as a cautious signal. Akhil Jain Gartner insider transaction
• Negative Sentiment: Shareholder investigation adds legal overhang: Bernstein Liebhard LLP is investigating whether Gartner directors and officers breached fiduciary duties. The announcement is an allegation and does not establish wrongdoing, but it introduces potential legal and reputational risk for shareholders. Gartner Shareholder Investigation Alert

Insider Buying and Selling at Gartner

In related news, EVP Yvonne Genovese sold 1,205 shares of Gartner stock in a transaction on Monday, August 10th. The shares were sold at an average price of $190.06, for a total transaction of $229,022.30. Following the transaction, the executive vice president owned 6,208 shares in the company, valued at approximately $1,179,892.48. The trade was a 16.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Anne Sutherland Fuchs sold 860 shares of the company’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $184.30, for a total transaction of $158,498.00. Following the completion of the transaction, the director directly owned 8,097 shares of the company’s stock, valued at $1,492,277.10. This represents a 9.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 2,765 shares of company stock valued at $528,731 over the last 90 days. 2.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. UBS Group increased their price objective on shares of Gartner from $164.00 to $196.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Truist Financial set a $205.00 target price on shares of Gartner in a report on Wednesday, August 5th. Royal Bank Of Canada increased their price target on shares of Gartner from $160.00 to $164.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 5th. Morgan Stanley set a $177.00 price target on shares of Gartner in a research report on Wednesday, August 5th. Finally, Weiss Ratings upgraded shares of Gartner from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Gartner has a consensus rating of “Hold” and an average price target of $187.30.

Gartner Stock Down 1.4%

NYSE IT opened at $193.00 on Thursday. The stock’s 50-day moving average price is $155.00 and its 200-day moving average price is $155.69. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 46.98. Gartner, Inc. has a 52 week low of $124.25 and a 52 week high of $265.85. The company has a market capitalization of $12.19 billion, a P/E ratio of 17.31, a price-to-earnings-growth ratio of 0.68 and a beta of 0.94.

Gartner (NYSE:IT) last posted its quarterly earnings data on Tuesday, August 4th. The information technology services provider reported $4.37 earnings per share for the quarter, beating analysts’ consensus estimates of $3.76 by $0.61. The firm had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.65 billion. Gartner had a return on equity of 525.46% and a net margin of 11.99%.The business’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the previous year, the firm earned $3.53 EPS. Gartner has set its FY 2026 guidance at 14.000- EPS. On average, equities research analysts predict that Gartner, Inc. will post 14.42 earnings per share for the current year.

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.