Aquatic Capital Management LLC Increases Stock Position in Gartner, Inc. $IT

Key Points

• Aquatic Capital boosted its stake in Gartner by 156.7% in Q3, adding 62,897 shares to hold 103,036 shares worth about $27.09 million.
• Gartner beat quarterly EPS estimates with $3.94 (vs. $3.50 expected) on $1.75 billion revenue and set FY2026 guidance at 12.300 EPS, roughly in line with analysts' ~12.5 EPS projection.
• Several analysts cut price targets (e.g., Morgan Stanley to $200, Barclays to $180, Truist to $170), leaving a MarketBeat consensus rating of "Hold" and a consensus target price of $190.70.

Aquatic Capital Management LLC boosted its position in Gartner, Inc. (NYSE:IT - Free Report) by 156.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 103,036 shares of the information technology services provider's stock after acquiring an additional 62,897 shares during the quarter. Aquatic Capital Management LLC owned 0.14% of Gartner worth $27,085,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in IT. Brighton Jones LLC purchased a new position in Gartner in the fourth quarter valued at approximately $309,000. Sivia Capital Partners LLC purchased a new stake in Gartner during the second quarter worth approximately $336,000. Savant Capital LLC increased its position in shares of Gartner by 16.8% in the second quarter. Savant Capital LLC now owns 1,418 shares of the information technology services provider's stock worth $573,000 after acquiring an additional 204 shares in the last quarter. Police & Firemen s Retirement System of New Jersey raised its stake in shares of Gartner by 4.1% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 11,417 shares of the information technology services provider's stock valued at $4,615,000 after acquiring an additional 451 shares during the period. Finally, Candriam S.C.A. raised its stake in shares of Gartner by 1.8% in the 2nd quarter. Candriam S.C.A. now owns 6,833 shares of the information technology services provider's stock valued at $2,762,000 after acquiring an additional 123 shares during the period. Hedge funds and other institutional investors own 91.51% of the company's stock.

Gartner Stock Performance

Gartner stock opened at $166.54 on Friday. Gartner, Inc. has a 52 week low of $139.18 and a 52 week high of $464.87. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 9.30. The stock has a market cap of $11.73 billion, a P/E ratio of 17.26, a price-to-earnings-growth ratio of 1.67 and a beta of 1.08. The stock has a 50 day moving average of $189.59 and a 200-day moving average of $224.74.

Gartner (NYSE:IT - Get Free Report) last posted its quarterly earnings data on Tuesday, February 3rd. The information technology services provider reported $3.94 EPS for the quarter, beating analysts' consensus estimates of $3.50 by $0.44. The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.75 billion. Gartner had a net margin of 11.22% and a return on equity of 102.20%. The firm's revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.45 EPS. Gartner has set its FY 2026 guidance at 12.300- EPS. On average, analysts expect that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on IT shares. Morgan Stanley decreased their price target on shares of Gartner from $275.00 to $200.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 4th. Barclays cut their price objective on Gartner from $260.00 to $180.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 5th. Deutsche Bank Aktiengesellschaft set a $204.00 price objective on Gartner in a research note on Wednesday, February 4th. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $220.00 target price on shares of Gartner in a research report on Thursday, February 5th. Finally, Truist Financial dropped their target price on Gartner from $300.00 to $170.00 and set a "buy" rating on the stock in a report on Friday, February 6th. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus 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.

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