Weitz Investment Management Inc. lessened its holdings in shares of Gartner, Inc. (NYSE:IT – Free Report) by 77.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,425 shares of the information technology services provider’s stock after selling 82,950 shares during the quarter. Weitz Investment Management Inc.’s holdings in Gartner were worth $6,162,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Andra AP fonden raised its holdings in shares of Gartner by 121.6% during the fourth quarter. Andra AP fonden now owns 121,920 shares of the information technology services provider’s stock valued at $30,758,000 after acquiring an additional 66,914 shares in the last quarter. Connecticut Wealth Management LLC raised its holdings in shares of Gartner by 3.7% during the fourth quarter. Connecticut Wealth Management LLC now owns 5,542 shares of the information technology services provider’s stock valued at $1,398,000 after acquiring an additional 196 shares in the last quarter. Aviva PLC raised its holdings in shares of Gartner by 2.3% during the fourth quarter. Aviva PLC now owns 64,392 shares of the information technology services provider’s stock valued at $16,245,000 after acquiring an additional 1,426 shares in the last quarter. Caerus Investment Advisors LLC raised its holdings in shares of Gartner by 321.4% during the fourth quarter. Caerus Investment Advisors LLC now owns 3,371 shares of the information technology services provider’s stock valued at $850,000 after acquiring an additional 2,571 shares in the last quarter. Finally, Xponance LLC raised its holdings in shares of Gartner by 2.8% during the fourth quarter. Xponance LLC now owns 18,808 shares of the information technology services provider’s stock valued at $4,745,000 after acquiring an additional 513 shares in the last quarter. Institutional investors own 91.51% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on the company. Wells Fargo & Company decreased their target price on Gartner from $150.00 to $140.00 and set an “underweight” rating for the company in a report on Friday, March 27th. Barclays decreased their target price on Gartner from $180.00 to $150.00 and set an “equal weight” rating for the company in a report on Friday, April 10th. Royal Bank Of Canada decreased their target price on Gartner from $175.00 to $160.00 and set a “sector perform” rating for the company in a report on Wednesday, May 6th. Weiss Ratings upgraded Gartner from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday. Finally, Morgan Stanley decreased their price objective on Gartner from $200.00 to $183.00 and set an “equal weight” rating for the company in a report on Wednesday, May 6th. Two analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $176.70.
Gartner Trading Down 4.2%
NYSE IT opened at $148.45 on Friday. Gartner, Inc. has a 12 month low of $139.18 and a 12 month high of $416.74. The stock has a market cap of $9.94 billion, a P/E ratio of 14.67, a P/E/G ratio of 0.85 and a beta of 0.94. The stock’s fifty day moving average price is $155.20 and its 200-day moving average price is $185.57. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 46.98.
Gartner (NYSE:IT – Get Free Report) last released its earnings results on Tuesday, May 5th. The information technology services provider reported $3.32 EPS for the quarter, topping analysts’ consensus estimates of $2.99 by $0.33. Gartner had a return on equity of 161.39% and a net margin of 11.44%.The firm had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same period in the prior year, the firm posted $2.98 earnings per share. The company’s quarterly revenue was down 1.5% on a year-over-year basis. Gartner has set its FY 2026 guidance at 13.250- EPS. As a group, equities analysts forecast that Gartner, Inc. will post 13.7 EPS for the current fiscal year.
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.
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