7,601,009 Shares in Gartner, Inc. $IT Purchased by Bamco Inc. NY

Key Points

• Bamco Inc. NY purchased 7.6 million Gartner shares worth approximately $985.2 million, giving it a 12.04% stake and making Gartner its 13th-largest portfolio holding. Institutional investors collectively own 91.51% of the company.
• Gartner exceeded quarterly expectations, reporting $4.37 in earnings per share and $1.68 billion in revenue, although revenue declined 0.6% year over year. Analysts expect about $14.42 in full-year EPS, while the consensus rating remains “Hold” with a $187.30 price target.
• Recent insider selling and a shareholder fiduciary-duty investigation create potential sentiment and legal overhangs, despite the stock’s roughly 28% three-month gain and continued earnings beats.

Bamco Inc. NY purchased a new position in Gartner, Inc. (NYSE:IT - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 7,601,009 shares of the information technology services provider's stock, valued at approximately $985,243,000. Gartner makes up about 1.5% of Bamco Inc. NY's investment portfolio, making the stock its 13th largest holding. Bamco Inc. NY owned 12.04% of Gartner as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Brighton Jones LLC purchased a new position in Gartner during the fourth quarter valued at $309,000. Sivia Capital Partners LLC bought a new position in shares of Gartner during the 2nd quarter valued at about $336,000. Cresset Asset Management LLC grew its position in shares of Gartner by 15.2% during the second 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 in the last quarter. Sei Investments Co. grew its holdings in 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 buying an additional 7,678 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings 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 worth $38,523,000 after acquiring an additional 50,251 shares in the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

Gartner Price Performance

IT opened at $193.00 on Thursday. The business has a fifty day moving average of $155.00 and a 200 day moving average of $155.69. The stock has a market cap of $12.19 billion, a P/E ratio of 17.31, a PEG ratio of 0.68 and a beta of 0.94. 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.

Gartner (NYSE:IT - Get Free Report) last released its earnings results on Tuesday, August 4th. The information technology services provider reported $4.37 earnings per share for the quarter, topping the consensus estimate of $3.76 by $0.61. The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.65 billion. Gartner had a return on equity of 525.46% and a net margin of 11.99%.The business's revenue for the quarter was down .6% compared to the same quarter last year. During the same period last year, the company earned $3.53 earnings per share. Gartner has set its FY 2026 guidance at 14.000- EPS. As a group, sell-side analysts anticipate that Gartner, Inc. will post 14.42 EPS for the current year.

Trending Headlines about 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

In other news, EVP Akhil Jain sold 700 shares of the firm's stock in a transaction on Monday, August 24th. The stock was sold at an average price of $201.73, for a total transaction of $141,211.00. Following the transaction, the executive vice president owned 8,130 shares in the company, valued at approximately $1,640,064.90. This trade represents a 7.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Yvonne Genovese sold 1,205 shares of Gartner stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $190.06, for a total value of $229,022.30. Following the completion of the sale, the executive vice president owned 6,208 shares of the company's stock, valued at $1,179,892.48. The trade was a 16.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 2,765 shares of company stock valued at $528,731 over the last quarter. 2.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

IT has been the subject of a number of recent research reports. BMO Capital Markets cut their target price on shares of Gartner from $214.00 to $206.00 and set a "market perform" rating for the company in a report on Tuesday, August 18th. Truist Financial set a $205.00 price objective on shares of Gartner in a research report on Wednesday, August 5th. Royal Bank Of Canada boosted their target price on shares of Gartner from $160.00 to $164.00 and gave the stock a "sector perform" rating in a report on Wednesday, August 5th. The Goldman Sachs Group upped their price objective on Gartner from $162.00 to $181.00 and gave the company a "neutral" rating in a research report on Wednesday, August 5th. Finally, Wells Fargo & Company raised their price objective on Gartner from $120.00 to $150.00 and gave the company an "underweight" rating in a research note on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have assigned 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 "Hold" and an average target price of $187.30.

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.

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