Arrowstreet Capital Limited Partnership Sells 296,239 Shares of Gartner, Inc. $IT

Key Points

• Arrowstreet Capital slashed its Gartner stake by 97.5% in the first quarter, selling 296,239 shares and retaining 7,640 shares valued at approximately $1.21 million.
• Other major institutions increased their holdings, including Capital International Investors, Morgan Stanley and AQR Capital Management. Institutional investors collectively own 91.51% of Gartner’s stock.
• Gartner beat quarterly estimates with adjusted earnings of $4.37 per share and revenue of $1.68 billion, although revenue declined 0.6% year over year. Analysts maintain a consensus “Hold” rating with an average price target of $185.50.

Arrowstreet Capital Limited Partnership lowered its stake in shares of Gartner, Inc. (NYSE:IT - Free Report) by 97.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,640 shares of the information technology services provider's stock after selling 296,239 shares during the quarter. Arrowstreet Capital Limited Partnership's holdings in Gartner were worth $1,210,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in IT. Capital International Investors raised its position in shares of Gartner by 28.3% during the 4th quarter. Capital International Investors now owns 4,004,093 shares of the information technology services provider's stock valued at $1,010,153,000 after acquiring an additional 884,250 shares during the last quarter. State Street Corp grew its stake in Gartner by 2.8% in the third quarter. State Street Corp now owns 3,510,206 shares of the information technology services provider's stock valued at $922,728,000 after acquiring an additional 96,809 shares during the period. Independent Franchise Partners LLP raised its position in shares of Gartner by 3.5% during the fourth quarter. Independent Franchise Partners LLP now owns 3,308,566 shares of the information technology services provider's stock worth $834,685,000 after purchasing an additional 112,439 shares during the period. Morgan Stanley lifted its holdings in shares of Gartner by 5.8% during the 4th quarter. Morgan Stanley now owns 2,495,575 shares of the information technology services provider's stock valued at $629,585,000 after purchasing an additional 136,233 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in shares of Gartner by 51.9% in the 4th quarter. AQR Capital Management LLC now owns 1,892,004 shares of the information technology services provider's stock valued at $477,315,000 after purchasing an additional 646,052 shares during the period. Institutional investors and hedge funds own 91.51% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on IT. Royal Bank Of Canada raised 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. Morgan Stanley set a $177.00 price target on shares of Gartner in a report on Wednesday. Truist Financial set a $205.00 price objective on shares of Gartner in a research report on Wednesday. Barclays dropped their price objective on shares of Gartner from $180.00 to $150.00 and set an "equal weight" rating on the stock in a report on Friday, April 10th. Finally, UBS Group upped their target price on shares of Gartner from $164.00 to $196.00 and gave the stock a "neutral" rating in a research note on Wednesday. Two analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Gartner has an average rating of "Hold" and a consensus target price of $185.50.

Key Gartner News

Here are the key news stories impacting Gartner this week:

• Positive Sentiment: Quarterly earnings beat expectations. Gartner reported adjusted earnings of $4.37 per share, above the $3.76 consensus estimate, while revenue of $1.68 billion also exceeded forecasts of $1.65 billion. Strong conference demand and continued margin expansion were key positives. Gartner beats quarterly estimates on strong conference demand
• Positive Sentiment: AI demand is supporting engagement. Gartner’s second-quarter review highlighted continued interest in artificial intelligence, including the shift from AI experimentation toward AI engineering. The company also said AI-related demand and client engagement helped offset otherwise flat revenue. IT Q2 deep dive
• Positive Sentiment: UBS raised its price target. UBS increased its target for Gartner from $164 to $196 while maintaining a Neutral rating, reflecting improved estimates following the earnings results. Gartner price target raised at UBS
• Neutral Sentiment: Gartner continues to expand its research profile. New reports on cloud-native application platforms, AI agents and enterprise AI—including the view that quantum computing is unlikely to affect enterprise AI before 2028—could support Gartner’s industry authority, but they do not directly change near-term financial results. Gartner says quantum will sit out enterprise AI
• Negative Sentiment: Revenue remains a concern. Quarterly revenue declined approximately 0.6% year over year, leading some investors to view the earnings beat as solid but not strong enough to establish a convincing growth acceleration. Gartner Q2 review
• Negative Sentiment: Analyst caution limits upside. Goldman Sachs raised its target to $181 but kept a Neutral rating, while Wells Fargo lifted its target to $150 and maintained an Underweight rating. These targets signal that some analysts believe the post-earnings rally may have outpaced Gartner’s fundamentals.

Gartner Stock Performance

IT opened at $185.23 on Friday. The business's 50-day simple moving average is $146.01 and its 200 day simple moving average is $157.77. Gartner, Inc. has a 52-week low of $124.25 and a 52-week high of $265.85. The company has a debt-to-equity ratio of 46.98, a quick ratio of 0.94 and a current ratio of 0.88. The firm has a market capitalization of $12.40 billion, a PE ratio of 16.61, a PEG ratio of 0.99 and a beta of 0.94.

Gartner (NYSE:IT - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The information technology services provider reported $4.37 earnings per share for the quarter, beating analysts' consensus estimates of $3.76 by $0.61. Gartner had a return on equity of 525.46% and a net margin of 11.99%.The firm had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same period last year, the company earned $3.53 earnings per share. The business's revenue was down .6% compared to the same quarter last year. Gartner has set its FY 2026 guidance at 14.000- EPS. As a group, sell-side analysts expect that Gartner, Inc. will post 14.18 earnings per share for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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