Gartner, Inc. $IT Shares Bought by Bank of America Corp DE

Key Points

• Bank of America increased its Gartner stake by 60.1% in the first quarter, adding 290,499 shares to own 773,771 shares valued at approximately $122.5 million. Institutional investors and hedge funds collectively own 91.51% of Gartner.
• Gartner reported quarterly earnings of $4.37 per share, beating the $3.76 consensus, while revenue of $1.68 billion also exceeded expectations. However, revenue declined 0.6% year over year, highlighting continued growth concerns.
• Analyst sentiment remains cautious: Gartner has a consensus “Hold” rating and an average price target of $185.50, despite several firms raising their targets following the earnings report.

Bank of America Corp DE grew its position in shares of Gartner, Inc. (NYSE:IT - Free Report) by 60.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 773,771 shares of the information technology services provider's stock after buying an additional 290,499 shares during the quarter. Bank of America Corp DE owned 1.16% of Gartner worth $122,519,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in IT. Brighton Jones LLC acquired a new stake in Gartner in the fourth quarter valued at about $309,000. Sivia Capital Partners LLC purchased a new stake in shares of Gartner in the second quarter valued at approximately $336,000. Cresset Asset Management LLC boosted its stake in shares of Gartner by 15.2% in 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 buying an additional 191 shares in the last quarter. Sei Investments Co. grew its holdings in Gartner by 9.2% during the second quarter. Sei Investments Co. now owns 91,205 shares of the information technology services provider's stock worth $36,867,000 after acquiring an additional 7,678 shares during the period. Finally, The Manufacturers Life Insurance Company raised its position in Gartner by 111.5% in the second 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. Institutional investors and hedge funds own 91.51% of the company's stock.

Gartner Trading Down 0.6%

NYSE:IT opened at $185.23 on Friday. Gartner, Inc. has a 52-week low of $124.25 and a 52-week high of $265.85. The company has a quick ratio of 0.94, a current ratio of 0.88 and a debt-to-equity ratio of 46.98. The stock has a fifty day simple moving average of $146.01 and a 200-day simple moving average of $157.77. The company has a market capitalization of $12.40 billion, a PE ratio of 16.61, a price-to-earnings-growth ratio of 0.99 and a beta of 0.94.

Gartner (NYSE:IT - Get Free Report) last posted its 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 firm had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.65 billion. Gartner had a net margin of 11.99% and a return on equity of 525.46%. The firm's revenue for the quarter was down .6% on a year-over-year basis. During the same period last year, the firm posted $3.53 EPS. Gartner has set its FY 2026 guidance at 14.000- EPS. On average, equities research analysts expect that Gartner, Inc. will post 14.18 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Truist Financial set a $205.00 target price on Gartner in a report on Wednesday. Morgan Stanley set a $177.00 price target on shares of Gartner in a research note on Wednesday. Weiss Ratings downgraded shares of Gartner from a "sell (d+)" rating to a "sell (d)" rating in a report on Friday, July 31st. Royal Bank Of Canada raised their price objective on shares of Gartner from $160.00 to $164.00 and gave the company a "sector perform" rating in a research note on Wednesday. Finally, Wells Fargo & Company boosted their price objective on shares of Gartner from $120.00 to $150.00 and gave the stock an "underweight" rating in a report on Wednesday. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $185.50.

Key Stories Impacting Gartner

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 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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