Gartner, Inc. $IT Shares Sold by Westfield Capital Management Co. LP

Westfield Capital Management Co. LP trimmed its stake in Gartner, Inc. (NYSE:IT) by 93.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,375 shares of the information technology services provider’s stock after selling 198,552 shares during the quarter. Westfield Capital Management Co. LP’s holdings in Gartner were worth $3,779,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Addison Advisors LLC acquired a new position in shares of Gartner in the second quarter worth about $27,000. Osterweis Capital Management Inc. acquired a new stake in shares of Gartner in the second quarter worth $48,000. True Wealth Design LLC raised its position in Gartner by 1,130.8% during the third quarter. True Wealth Design LLC now owns 160 shares of the information technology services provider’s stock valued at $42,000 after buying an additional 147 shares during the period. Versant Capital Management Inc lifted its stake in Gartner by 1,284.6% in the 3rd quarter. Versant Capital Management Inc now owns 180 shares of the information technology services provider’s stock worth $47,000 after acquiring an additional 167 shares in the last quarter. Finally, Caldwell Trust Co acquired a new stake in Gartner during the 2nd quarter worth about $81,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

Analyst Upgrades and Downgrades

IT has been the subject of a number of research analyst reports. Royal Bank Of Canada set a $175.00 price target on shares of Gartner in a research report on Wednesday, February 4th. Wells Fargo & Company cut their target price on shares of Gartner from $218.00 to $150.00 and set an “underweight” rating for the company in a research report on Wednesday, February 4th. Robert W. Baird set a $240.00 target price on shares of Gartner in a research note on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft set a $204.00 price target on shares of Gartner in a research note on Wednesday, February 4th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $220.00 price objective on shares of Gartner in a research report on Thursday, February 5th. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $190.70.

Insider Activity at Gartner

In related news, SVP John J. Rinello sold 220 shares of the business’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $229.57, for a total value of $50,505.40. Following the completion of the sale, the senior vice president directly owned 3,046 shares in the company, valued at approximately $699,270.22. The trade was a 6.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Claire Herkes sold 367 shares of the stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $231.56, for a total value of $84,982.52. Following the transaction, the executive vice president owned 4,074 shares in the company, valued at approximately $943,375.44. This trade represents a 8.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.30% of the stock is owned by company insiders.

Gartner Stock Up 0.8%

IT stock opened at $157.06 on Friday. The firm has a market cap of $11.06 billion, a PE ratio of 16.28, a PEG ratio of 1.56 and a beta of 1.06. Gartner, Inc. has a 1 year low of $139.18 and a 1 year high of $499.72. The company has a fifty day simple moving average of $206.80 and a 200 day simple moving average of $230.21. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 9.30.

Gartner (NYSE:IT) last posted its earnings results on Tuesday, February 3rd. The information technology services provider reported $3.94 earnings per share for the quarter, beating the consensus estimate of $3.50 by $0.44. Gartner had a return on equity of 102.20% and a net margin of 11.22%.The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.75 billion. During the same period last year, the company earned $5.45 earnings per share. The business’s revenue was up 2.2% compared to the same quarter last year. Gartner has set its FY 2026 guidance at 12.300- EPS. Sell-side analysts anticipate that Gartner, Inc. will post 12.5 EPS 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.