Primecap Management Co. CA Takes $15.22 Million Position in Gartner, Inc. $IT

Key Points

• Primecap Management initiated a $15.22 million Gartner position by purchasing 117,400 shares, representing approximately 0.18% of the company. Institutional investors collectively own 91.51% of Gartner.
• Gartner exceeded quarterly expectations, reporting $4.37 in EPS versus the $3.76 consensus and $1.68 billion in revenue, although revenue declined 0.6% year over year. Shares had gained about 28% over three months, supported by earnings beats and increased buybacks.
• The stock faces mixed signals: analysts maintain a consensus “Hold” rating with an average $187.30 price target, while recent insider sales and a shareholder fiduciary-duty investigation create potential sentiment and legal overhangs.

Primecap Management Co. CA bought a new position in Gartner, Inc. (NYSE:IT - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 117,400 shares of the information technology services provider's stock, valued at approximately $15,217,000. Primecap Management Co. CA owned 0.18% of Gartner at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in Gartner in the second quarter worth about $676,246,000. J. Stern & Co. LLP increased its stake in shares of Gartner by 8,182.0% during the fourth quarter. J. Stern & Co. LLP now owns 1,536,890 shares of the information technology services provider's stock valued at $387,727,000 after purchasing an additional 1,518,333 shares in the last quarter. Norges Bank purchased a new position in shares of Gartner during the fourth quarter valued at approximately $299,576,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Gartner by 108,812.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,025,952 shares of the information technology services provider's stock valued at $258,827,000 after purchasing an additional 1,025,010 shares during the last quarter. Finally, Capital International Investors boosted its position in shares of Gartner by 28.3% in the 4th quarter. Capital International Investors now owns 4,004,093 shares of the information technology services provider's stock worth $1,010,153,000 after purchasing an additional 884,250 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors.

Gartner Price Performance

Shares of IT opened at $193.00 on Thursday. Gartner, Inc. has a twelve month low of $124.25 and a twelve month high of $265.85. The company has a market capitalization of $12.19 billion, a P/E ratio of 17.31, a price-to-earnings-growth ratio of 0.68 and a beta of 0.94. The firm has a 50 day moving average of $155.00 and a 200 day moving average of $155.69. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 46.98.

Gartner (NYSE:IT - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The information technology services provider reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.76 by $0.61. Gartner had a return on equity of 525.46% and a net margin of 11.99%.The business had revenue of $1.68 billion for the quarter, compared to analysts' expectations of $1.65 billion. During the same period in the prior year, the firm posted $3.53 EPS. The firm's quarterly revenue was down .6% on a year-over-year basis. Gartner has set its FY 2026 guidance at 14.000- EPS. As a group, equities research analysts anticipate that Gartner, Inc. will post 14.42 earnings per share for the current fiscal year.

Key Headlines Impacting Gartner

Here are the key news stories impacting Gartner this week:

• Positive Sentiment: Recent performance and buybacks support confidence: Gartner shares have gained about 28% over the past three months, helped by consistent earnings beats, relatively steady revenue, and expanded share repurchases. The company’s latest quarterly results also exceeded consensus estimates for both earnings and revenue. Gartner Stock Gains 28% in 3 Months: Here's What You Should Know
• Neutral Sentiment: AI guidance reinforces Gartner’s market relevance: Gartner is advising businesses to use sandboxes to control and test AI agents. The guidance may support the company’s thought-leadership profile, but the article does not announce a new contract or material financial impact. Gartner: Deploy sandboxes to rein in AI agents
• Neutral Sentiment: Industry research highlights growth opportunities: Gartner forecasts that memory semiconductor sales could quadruple this year, indicating strong technology spending and potential demand for related research and advisory services. However, this is an industry forecast rather than company-specific guidance. Gartner: Memory semiconductor sales to quadruple this year
• Negative Sentiment: Executive insider sale may pressure sentiment: Consulting EVP Akhil Jain sold 700 Gartner shares for approximately $141,211 at an average price of $201.73, reducing his direct holdings by 7.93%. While insider sales can be routine, investors may interpret the transaction as a cautious signal. Akhil Jain Gartner insider transaction
• Negative Sentiment: Shareholder investigation adds legal overhang: Bernstein Liebhard LLP is investigating whether Gartner directors and officers breached fiduciary duties. The announcement is an allegation and does not establish wrongdoing, but it introduces potential legal and reputational risk for shareholders. Gartner Shareholder Investigation Alert

Insider Activity

In related news, EVP Yvonne Genovese sold 1,205 shares of Gartner stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $190.06, for a total value of $229,022.30. Following the completion of the sale, the executive vice president directly owned 6,208 shares in the company, valued at approximately $1,179,892.48. This trade represents a 16.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Anne Sutherland Fuchs sold 860 shares of the business's stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $184.30, for a total value of $158,498.00. Following the completion of the transaction, the director directly owned 8,097 shares of the company's stock, valued at approximately $1,492,277.10. This trade represents a 9.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 2,765 shares of company stock valued at $528,731 over the last ninety days. 2.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently weighed in on the company. The Goldman Sachs Group upped their price target on Gartner from $162.00 to $181.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 5th. Zacks Research raised Gartner from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 6th. Morgan Stanley set a $177.00 target price on Gartner in a research note on Wednesday, August 5th. Royal Bank Of Canada raised their price target on Gartner from $160.00 to $164.00 and gave the company a "sector perform" rating in a report on Wednesday, August 5th. Finally, Wells Fargo & Company raised their price target on Gartner from $120.00 to $150.00 and gave the company an "underweight" rating in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $187.30.

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.

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