Handelsbanken Fonder AB increased its holdings in shares of Gartner, Inc. (NYSE:IT – Free Report) by 56.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 33,355 shares of the information technology services provider’s stock after purchasing an additional 12,103 shares during the quarter. Handelsbanken Fonder AB’s holdings in Gartner were worth $8,415,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of IT. Physician Wealth Advisors Inc. grew its holdings in shares of Gartner by 143.9% during the fourth 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 in the last quarter. Rakuten Securities Inc. grew its holdings in shares of Gartner by 1,980.0% during the fourth quarter. Rakuten Securities Inc. now owns 104 shares of the information technology services provider’s stock valued at $26,000 after buying an additional 99 shares in the last quarter. Entrust Financial LLC purchased a new position in shares of Gartner during the fourth quarter valued at $26,000. Elyxium Wealth LLC purchased a new position in shares of Gartner during the fourth quarter valued at $28,000. Finally, Activest Wealth Management grew its holdings in shares of Gartner by 11,600.0% during the fourth quarter. Activest Wealth Management now owns 117 shares of the information technology services provider’s stock valued at $30,000 after buying an additional 116 shares in the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on IT. 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. Royal Bank Of Canada lowered their price target on Gartner from $175.00 to $160.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft set a $204.00 price target on Gartner in a report on Wednesday, February 4th. BMO Capital Markets reiterated a “market perform” rating on shares of Gartner in a report on Thursday, February 5th. Finally, The Goldman Sachs Group set a $162.00 price target on Gartner in a report on Tuesday, May 5th. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Gartner currently has a consensus rating of “Hold” and an average price target of $176.70.
Gartner Stock Performance
IT opened at $157.37 on Friday. The company has a market cap of $10.54 billion, a PE ratio of 15.55, a price-to-earnings-growth ratio of 0.87 and a beta of 0.91. The stock has a 50-day moving average of $154.29 and a 200-day moving average of $192.80. Gartner, Inc. has a 52-week low of $139.18 and a 52-week high of $447.08. The company has a debt-to-equity ratio of 46.98, a quick ratio of 0.94 and a current ratio of 0.94.
Gartner (NYSE:IT – Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.99 by $0.33. The company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.51 billion. Gartner had a return on equity of 161.39% and a net margin of 11.44%.The firm’s revenue was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.98 EPS. Gartner has set its FY 2026 guidance at 13.250- EPS. As a group, equities research analysts forecast that Gartner, Inc. will post 13.7 earnings per share for the current fiscal 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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