Gartner, Inc. $IT is Madison Asset Management LLC’s 9th Largest Position

Madison Asset Management LLC lifted its position in Gartner, Inc. (NYSE:IT) by 1.8% in the 3rd quarter, Holdings Channel.com reports. The fund owned 715,811 shares of the information technology services provider’s stock after acquiring an additional 12,998 shares during the period. Gartner comprises 2.1% of Madison Asset Management LLC’s investment portfolio, making the stock its 9th largest holding. Madison Asset Management LLC’s holdings in Gartner were worth $188,165,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in IT. Vanguard Group Inc. boosted its position in shares of Gartner by 1.5% during the second quarter. Vanguard Group Inc. now owns 9,572,283 shares of the information technology services provider’s stock valued at $3,869,308,000 after buying an additional 138,834 shares during the period. State Street Corp grew its position in Gartner by 2.9% in the 2nd quarter. State Street Corp now owns 3,413,397 shares of the information technology services provider’s stock valued at $1,379,763,000 after acquiring an additional 96,172 shares during the last quarter. Geode Capital Management LLC increased its stake in Gartner by 4.1% in the second quarter. Geode Capital Management LLC now owns 2,258,233 shares of the information technology services provider’s stock worth $910,481,000 after purchasing an additional 89,877 shares during the period. Sustainable Growth Advisers LP lifted its position in shares of Gartner by 71.7% during the second quarter. Sustainable Growth Advisers LP now owns 1,161,513 shares of the information technology services provider’s stock worth $469,507,000 after purchasing an additional 485,188 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Gartner during the second quarter valued at $394,133,000. 91.51% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Claire Herkes sold 367 shares of the business’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $231.56, for a total transaction of $84,982.52. Following the completion of the transaction, the executive vice president directly owned 4,074 shares in the company, valued at $943,375.44. The trade was a 8.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP John J. Rinello sold 220 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $229.57, for a total value of $50,505.40. Following the completion of the transaction, the senior vice president directly owned 3,046 shares of the company’s stock, valued at approximately $699,270.22. This trade represents a 6.74% decrease in their position. The SEC filing for this sale provides additional information. 3.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

IT has been the topic of a number of research analyst reports. Truist Financial dropped their target price on shares of Gartner from $300.00 to $170.00 and set a “buy” rating on the stock in a research note on Friday. Weiss Ratings restated a “sell (d+)” rating on shares of Gartner in a report on Thursday, January 22nd. UBS Group set a $180.00 target price on Gartner in a report on Wednesday, February 4th. Robert W. Baird set a $240.00 price target on Gartner in a research note on Wednesday, February 4th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $220.00 price objective on shares of Gartner in a research note on Thursday, February 5th. Four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $190.70.

Gartner Price Performance

Shares of IT opened at $159.52 on Wednesday. The company has a 50 day moving average of $228.33 and a two-hundred day moving average of $241.96. The company has a market cap of $11.50 billion, a price-to-earnings ratio of 16.53 and a beta of 1.06. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 4.42. Gartner, Inc. has a twelve month low of $139.18 and a twelve month high of $529.13.

Gartner (NYSE:IT) last announced its quarterly earnings data on Tuesday, February 3rd. The information technology services provider reported $3.94 EPS for the quarter, beating the consensus estimate of $3.50 by $0.44. Gartner had a net margin of 11.22% and a return on equity of 83.48%. The firm had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.75 billion. During the same period last year, the firm posted $5.45 EPS. Gartner’s revenue was up 2.2% on a year-over-year basis. Gartner has set its FY 2026 guidance at 12.300- EPS. As a group, analysts predict that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

About Gartner

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.