Legal & General Group Plc Acquires 17,745 Shares of Gartner, Inc. $IT

Key Points

• Legal & General Group Plc increased its stake in Gartner by 17,745 shares in Q3, bringing its holding to 623,087 shares (about 0.82%) valued at roughly $163.79 million.
• Analysts are mixed on Gartner—four Buy, six Hold and two Sell—giving a consensus rating of "Hold" with a mean target price of $190.70, while several firms have recently cut price targets (e.g., Morgan Stanley to $200, Truist to $170) and Goldman Sachs maintained a $220 Buy.
• Gartner beat EPS estimates ($3.94 vs. $3.50) on $1.75B revenue and set FY2026 guidance at 12.30 EPS; the stock traded around $160.62 with a market cap of $11.32B and a 52-week range of $139.18–$464.87.

Legal & General Group Plc grew its holdings in shares of Gartner, Inc. (NYSE:IT - Free Report) by 2.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 623,087 shares of the information technology services provider's stock after purchasing an additional 17,745 shares during the quarter. Legal & General Group Plc owned about 0.82% of Gartner worth $163,791,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of IT. True Wealth Design LLC boosted its holdings in Gartner by 1,130.8% in the third quarter. True Wealth Design LLC now owns 160 shares of the information technology services provider's stock worth $42,000 after purchasing an additional 147 shares in the last quarter. Versant Capital Management Inc increased its position in Gartner by 1,284.6% during the third quarter. Versant Capital Management Inc now owns 180 shares of the information technology services provider's stock worth $47,000 after buying an additional 167 shares during the last quarter. Osterweis Capital Management Inc. bought a new position in Gartner during the second quarter valued at about $48,000. Pilgrim Partners Asia Pte Ltd bought a new position in Gartner during the third quarter valued at about $58,000. Finally, Rothschild Investment LLC lifted its position in shares of Gartner by 32.1% in the third quarter. Rothschild Investment LLC now owns 255 shares of the information technology services provider's stock worth $67,000 after buying an additional 62 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on IT. Weiss Ratings reiterated a "sell (d+)" rating on shares of Gartner in a research note on Thursday, January 22nd. Morgan Stanley cut their price objective on Gartner from $275.00 to $200.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 4th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $220.00 target price on shares of Gartner in a research report on Thursday, February 5th. Truist Financial lowered their price target on Gartner from $300.00 to $170.00 and set a "buy" rating on the stock in a report on Friday, February 6th. Finally, Robert W. Baird set a $240.00 price target on shares of Gartner in a research report on Wednesday, February 4th. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $190.70.

Gartner Trading Up 0.1%

Shares of NYSE:IT opened at $160.62 on Friday. The company has a debt-to-equity ratio of 9.30, a quick ratio of 1.00 and a current ratio of 1.00. The stock's 50-day moving average is $191.00 and its 200-day moving average is $225.38. The company has a market cap of $11.32 billion, a P/E ratio of 16.64, a P/E/G ratio of 1.61 and a beta of 1.08. Gartner, Inc. has a 52-week low of $139.18 and a 52-week high of $464.87.

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

Gartner Company 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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