Jupiter Topco LLC Buys New Holdings in Gartner, Inc. $IT

Jupiter Topco LLC purchased a new position in Gartner, Inc. (NYSE:IT) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 33,998 shares of the information technology services provider’s stock, valued at approximately $4,409,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IT. BlackRock Inc. purchased a new stake in shares of Gartner during the 2nd quarter valued at about $676,246,000. J. Stern & Co. LLP grew its position in 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 buying an additional 1,518,333 shares during the period. Norges Bank purchased a new stake in Gartner during the fourth quarter valued at approximately $299,576,000. Northwestern Mutual Wealth Management Co. raised its position in Gartner by 108,812.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,025,952 shares of the information technology services provider’s stock worth $258,827,000 after acquiring an additional 1,025,010 shares during the period. Finally, Capital International Investors raised its position in Gartner by 28.3% in the fourth quarter. Capital International Investors now owns 4,004,093 shares of the information technology services provider’s stock worth $1,010,153,000 after acquiring an additional 884,250 shares during the period. Institutional investors own 91.51% of the company’s stock.

Insider Activity

In related 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 transaction of $158,498.00. Following the transaction, the director directly owned 8,097 shares in the company, valued at approximately $1,492,277.10. This represents a 9.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Robin B. Kranich sold 3,278 shares of the stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $196.50, for a total value of $644,127.00. Following the completion of the sale, the executive vice president owned 20,358 shares in the company, valued at approximately $4,000,347. The trade was a 13.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 6,043 shares of company stock worth $1,172,858. Insiders own 2.60% of the company’s stock.

Gartner Price Performance

NYSE:IT opened at $198.14 on Tuesday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 46.98. The company has a market capitalization of $12.51 billion, a P/E ratio of 17.77, a P/E/G ratio of 0.68 and a beta of 0.94. Gartner, Inc. has a 12 month low of $124.25 and a 12 month high of $265.85. The business’s 50-day moving average is $159.23 and its 200 day moving average is $156.51.

Gartner (NYSE:IT) last posted its 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 net margin of 11.99% and a return on equity of 525.46%. The firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same period last year, the firm posted $3.53 earnings per share. Gartner’s revenue for the quarter was down .6% compared to the same quarter last year. Gartner has set its FY 2026 guidance at 14.000- EPS. On average, equities research analysts forecast that Gartner, Inc. will post 14.42 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

IT has been the topic of a number of recent research reports. Wells Fargo & Company raised their target price on Gartner from $120.00 to $150.00 and gave the stock an “underweight” rating in a report on Wednesday, August 5th. Royal Bank Of Canada upped their price target on Gartner from $160.00 to $164.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 5th. The Goldman Sachs Group raised their price objective on Gartner from $162.00 to $181.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Weiss Ratings raised Gartner from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, August 13th. Finally, UBS Group boosted their price objective on Gartner from $164.00 to $196.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. One 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus 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.