NZS Capital LLC Invests $67.83 Million in Gartner, Inc. $IT

NZS Capital LLC purchased a new position in shares of Gartner, Inc. (NYSE:IT) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 258,038 shares of the information technology services provider’s stock, valued at approximately $67,830,000. Gartner comprises approximately 2.1% of NZS Capital LLC’s holdings, making the stock its 17th biggest position.

Several other institutional investors have also recently added to or reduced their stakes in the stock. South Dakota Investment Council acquired a new stake in Gartner during the 3rd quarter worth approximately $1,051,000. Victory Capital Management Inc. raised its stake in shares of Gartner by 635.2% during the third quarter. Victory Capital Management Inc. now owns 327,236 shares of the information technology services provider’s stock worth $86,021,000 after purchasing an additional 282,725 shares during the last quarter. Focus Partners Advisor Solutions LLC raised its stake in shares of Gartner by 171.6% during the third quarter. Focus Partners Advisor Solutions LLC now owns 4,031 shares of the information technology services provider’s stock worth $981,000 after purchasing an additional 2,547 shares during the last quarter. Elo Mutual Pension Insurance Co lifted its holdings in shares of Gartner by 28.4% during the third quarter. Elo Mutual Pension Insurance Co now owns 14,500 shares of the information technology services provider’s stock worth $3,812,000 after purchasing an additional 3,204 shares during the period. Finally, Journey Strategic Wealth LLC purchased a new position in Gartner in the 3rd quarter valued at $283,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insider Buying and Selling

In other Gartner news, Director Stephen G. Pagliuca bought 43,300 shares of the stock in a transaction that occurred on Wednesday, December 10th. The shares were purchased at an average cost of $229.57 per share, for a total transaction of $9,940,381.00. Following the transaction, the director directly owned 111,613 shares in the company, valued at $25,622,996.41. The trade was a 63.38% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.60% of the company’s stock.

Gartner Stock Up 3.8%

Shares of NYSE IT opened at $165.34 on Wednesday. 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, Inc. has a 12-month low of $139.18 and a 12-month high of $492.06. The company has a market cap of $11.65 billion, a P/E ratio of 17.13, a P/E/G ratio of 1.60 and a beta of 1.08. The stock has a fifty day moving average price of $203.28 and a 200 day moving average price of $229.02.

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

Wall Street Analysts Forecast Growth

IT has been the subject of several recent analyst reports. The Goldman Sachs Group restated a “buy” rating and issued a $220.00 target price on shares of Gartner in a research note on Thursday, February 5th. Morgan Stanley cut their price target on shares of Gartner from $275.00 to $200.00 and set an “equal weight” rating for the company in a report on Wednesday, February 4th. BMO Capital Markets restated a “market perform” rating on shares of Gartner in a research report on Thursday, February 5th. Royal Bank Of Canada set a $175.00 price target on Gartner in a report on Wednesday, February 4th. Finally, Wells Fargo & Company cut their price target on shares of Gartner from $218.00 to $150.00 and set an “underweight” rating for the company in a report on Wednesday, February 4th. 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’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $190.70.

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.