Gartner (NYSE:IT) Cut to “Hold” at Truist Financial

Gartner (NYSE:IT) was downgraded by equities research analysts at Truist Financial from a “buy” rating to a “hold” rating in a research note issued on Wednesday, MarketBeat.com reports. They currently have a $210.00 target price on the information technology services provider’s stock. Truist Financial‘s target price points to a potential upside of 2.95% from the stock’s previous close.

Other equities analysts also recently issued reports about the company. UBS Group lifted their target price on Gartner from $196.00 to $208.00 and gave the company a “neutral” rating in a research note on Monday, October 5th. The Goldman Sachs Group increased their price target on Gartner from $162.00 to $181.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $198.00 price target on shares of Gartner in a report on Tuesday, October 20th. BMO Capital Markets boosted their price objective on Gartner from $206.00 to $212.00 and gave the company a “market perform” rating in a research report on Tuesday, October 13th. Finally, Weiss Ratings downgraded Gartner from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, October 26th. Eight investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $196.00.

Gartner Trading Down 13.3%

Gartner stock opened at $203.99 on Wednesday. Gartner has a 1 year low of $124.25 and a 1 year high of $256.89. The firm’s 50-day moving average is $197.07 and its 200-day moving average is $170.01. 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 company has a market cap of $12.88 billion, a P/E ratio of 16.35, a PEG ratio of 0.89 and a beta of 0.92.

Gartner (NYSE:IT) last announced its quarterly earnings data 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. The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.49 billion. Gartner had a net margin of 11.99% and a return on equity of 525.46%. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.76 EPS. On average, equities analysts expect that Gartner will post 14.39 earnings per share for the current year.

Insider Activity

In other news, EVP Robin B. Kranich sold 3,278 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $196.50, for a total transaction of $644,127.00. Following the completion of the transaction, the executive vice president directly owned 20,358 shares in the company, valued at approximately $4,000,347. The trade was a 13.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Yvonne Genovese sold 1,205 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $190.06, for a total value of $229,022.30. Following the transaction, the executive vice president owned 6,208 shares of the company’s stock, valued at approximately $1,179,892.48. This represents a 16.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 6,043 shares of company stock worth $1,172,858 over the last ninety days. 2.60% of the stock is owned by company insiders.

Institutional Trading of Gartner

Hedge funds have recently added to or reduced their stakes in the business. Oppenheimer Asset Management Inc. bought a new position in shares of Gartner in the second quarter worth $2,872,000. Wedge Capital Management L L P NC raised its stake in shares of Gartner by 34.1% during the second quarter. Wedge Capital Management L L P NC now owns 54,196 shares of the information technology services provider’s stock valued at $7,025,000 after purchasing an additional 13,776 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Gartner by 60.1% during the first quarter. Bank of America Corp DE now owns 773,771 shares of the information technology services provider’s stock valued at $122,519,000 after purchasing an additional 290,499 shares in the last quarter. Corient Private Wealth LP acquired a new stake in Gartner in the second quarter worth about $1,600,000. Finally, Jupiter Topco LLC acquired a new stake in Gartner in the second quarter worth about $4,409,000. Institutional investors own 91.51% of the company’s stock.

Key Stories Impacting Gartner

Here are the key news stories impacting Gartner this week:

• Positive Sentiment: Gartner reported Q3 adjusted earnings of $3.59 per share, above analyst expectations, while revenue of about $1.50 billion also topped estimates. The company raised its 2026 outlook, including adjusted EPS of at least $14.65 and EBITDA of at least $1.615 billion. Gartner Q3 2026 results
• Positive Sentiment: Management said companies are seeking Gartner’s advice as they look for practical returns from AI investments, a potential source of future demand. What spooked Gartner investors
• Negative Sentiment: Despite the annual forecast increase, Gartner’s implied Q4 earnings outlook fell short of Wall Street’s expectations, raising concern that near-term results may not meet the growth investors anticipated. Gartner outlook and Q4 forecast
• Negative Sentiment: Investors also focused on modest growth in a key contract-value measure—about 2.5%—and management’s view that reaching a 4% pace by year-end is unlikely. Revenue was slightly lower year over year, tempering the headline earnings beat. Gartner growth concerns

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.