Assenagon Asset Management S.A. Acquires 30,385 Shares of Gartner, Inc. $IT

Key Points

• Assenagon Asset Management increased its Gartner holdings by 76% in the second quarter, buying 30,385 additional shares for a total position of 70,348 shares valued at approximately $9.1 million. Institutional investors collectively own 91.51% of the company.
• Gartner exceeded second-quarter earnings and revenue expectations, reporting $4.37 in earnings per share versus the $3.76 consensus and $1.68 billion in revenue versus estimates of $1.65 billion. However, revenue declined 0.6% year over year, and fiscal 2026 earnings guidance remains approximately $14 per share.
• Wall Street’s consensus rating is “Hold,” with an average price target of $185.50; targets range from $150 to $205. Gartner shares opened at $186.88, while a company director separately sold 860 shares for about $158,500.

Assenagon Asset Management S.A. raised its holdings in shares of Gartner, Inc. (NYSE:IT - Free Report) by 76.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 70,348 shares of the information technology services provider's stock after buying an additional 30,385 shares during the period. Assenagon Asset Management S.A. owned about 0.11% of Gartner worth $9,119,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cresset Asset Management LLC grew its position in Gartner by 3.3% during the 3rd quarter. Cresset Asset Management LLC now owns 1,493 shares of the information technology services provider's stock worth $392,000 after acquiring an additional 47 shares during the last quarter. Horizon Investments LLC raised its holdings in Gartner by 4.3% during the 4th quarter. Horizon Investments LLC now owns 1,237 shares of the information technology services provider's stock valued at $312,000 after buying an additional 51 shares during the last quarter. Brown Brothers Harriman & Co. raised its holdings in Gartner by 5.8% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,019 shares of the information technology services provider's stock valued at $268,000 after buying an additional 56 shares during the last quarter. Physician Wealth Advisors Inc. raised its holdings in Gartner by 143.9% during the 4th quarter. Physician Wealth Advisors Inc. now owns 100 shares of the information technology services provider's stock valued at $25,000 after buying an additional 59 shares during the last quarter. Finally, Valeo Financial Advisors LLC boosted its position in Gartner by 8.8% during the 4th quarter. Valeo Financial Advisors LLC now owns 839 shares of the information technology services provider's stock valued at $212,000 after buying an additional 68 shares during the period. 91.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on IT shares. UBS Group raised their price target on shares of Gartner from $164.00 to $196.00 and gave the stock a "neutral" rating in a report on Wednesday, August 5th. Wells Fargo & Company upped their price objective on shares of Gartner from $120.00 to $150.00 and gave the company an "underweight" rating in a research note on Wednesday, August 5th. The Goldman Sachs Group increased their target price on shares of Gartner from $162.00 to $181.00 and gave the stock a "neutral" rating in a report on Wednesday, August 5th. Royal Bank Of Canada raised their target price on Gartner from $160.00 to $164.00 and gave the stock a "sector perform" rating in a research note on Wednesday, August 5th. Finally, Truist Financial set a $205.00 price target on Gartner in a report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $185.50.

Gartner Stock Performance

Gartner stock opened at $186.88 on Wednesday. The stock's 50 day simple moving average is $147.05 and its two-hundred day simple moving average is $156.93. The company has a debt-to-equity ratio of 46.98, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a market cap of $12.51 billion, a price-to-earnings ratio of 16.76, a PEG ratio of 0.64 and a beta of 0.94. Gartner, Inc. has a fifty-two week low of $124.25 and a fifty-two week high of $265.85.

Gartner (NYSE:IT - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The information technology services provider reported $4.37 earnings per share for the quarter, beating the consensus estimate of $3.76 by $0.61. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.65 billion. Gartner had a return on equity of 525.46% and a net margin of 11.99%.The firm's revenue was down .6% on a year-over-year basis. During the same period in the previous year, the company posted $3.53 earnings per share. Gartner has set its FY 2026 guidance at 14.000- EPS. As a group, analysts expect that Gartner, Inc. will post 14.44 earnings per share for the current fiscal year.

Insider Buying and Selling at Gartner

In other news, Director Anne Sutherland Fuchs sold 860 shares of the company's stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $184.30, for a total value of $158,498.00. Following the sale, the director directly owned 8,097 shares of the company's stock, valued at $1,492,277.10. This represents a 9.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.60% of the stock is owned by corporate insiders.

Key Stories Impacting Gartner

Here are the key news stories impacting Gartner this week:

• Positive Sentiment: Quarterly results exceeded expectations. Gartner reported adjusted earnings of $4.37 per share, above the $3.76 consensus estimate, while revenue of $1.68 billion also topped forecasts. Earnings increased from $3.53 per share a year earlier, supporting the case that cost control and profitability remain solid. Gartner Q2 2026 Earnings Call Transcript
• Positive Sentiment: AI infrastructure spending is expected to nearly double. Gartner forecasts global AI infrastructure spending will reach $42.3 billion in 2026. The outlook highlights continued demand for technology research and advisory services, although it is an industry forecast rather than a direct change to Gartner’s financial guidance. AI infrastructure spending forecast
• Neutral Sentiment: Recent coverage is focused on Gartner’s earnings call and market outlook. Analyst questions and commentary following the second-quarter results may help investors assess demand trends, guidance, and the pace of recovery in Gartner’s business. The company maintained fiscal 2026 earnings guidance of approximately $14.00 per share, while analysts currently project about $14.44. Analyst questions from Gartner’s Q2 earnings call
• Negative Sentiment: Revenue remains under pressure. Quarterly revenue declined 0.6% year over year despite the earnings and revenue beat. Investors may therefore be cautious about whether Gartner can convert AI-related industry growth into sustained company-level revenue expansion.
• Negative Sentiment: A director sold shares. Director Anne Sutherland Fuchs sold 860 shares for approximately $158,500, reducing her direct ownership by 9.6%. The transaction is relatively small compared with Gartner’s market value and does not necessarily signal a change in business fundamentals, but it adds modest selling pressure. SEC insider transaction filing

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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source