Wealthfront Advisers LLC Has $6.29 Million Stock Position in Gartner, Inc. $IT

Wealthfront Advisers LLC boosted its stake in shares of Gartner, Inc. (NYSE:IT – Free Report) by 114.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 39,695 shares of the information technology services provider’s stock after acquiring an additional 21,151 shares during the quarter. Wealthfront Advisers LLC’s holdings in Gartner were worth $6,285,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Physician Wealth Advisors Inc. raised its stake in shares of Gartner by 143.9% in the fourth quarter. Physician Wealth Advisors Inc. now owns 100 shares of the information technology services provider’s stock worth $25,000 after acquiring an additional 59 shares during the last quarter. DV Equities LLC bought a new stake in shares of Gartner during the fourth quarter valued at approximately $25,000. Rakuten Securities Inc. increased its holdings in shares of Gartner by 1,980.0% in the fourth quarter. Rakuten Securities Inc. now owns 104 shares of the information technology services provider’s stock valued at $26,000 after purchasing an additional 99 shares in the last quarter. Entrust Financial LLC acquired a new stake in shares of Gartner in the fourth quarter valued at approximately $26,000. Finally, Bell Investment Advisors Inc raised its position in Gartner by 75.5% in the 1st quarter. Bell Investment Advisors Inc now owns 172 shares of the information technology services provider’s stock worth $27,000 after purchasing an additional 74 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

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Gartner Trading Down 1.7%

Shares of NYSE IT opened at $140.45 on Friday. The company’s 50 day simple moving average is $145.97 and its 200 day simple moving average is $167.07. Gartner, Inc. has a fifty-two week low of $124.25 and a fifty-two week high of $361.20. The firm has a market capitalization of $9.40 billion, a P/E ratio of 13.88, a P/E/G ratio of 0.77 and a beta of 0.97. The company has a debt-to-equity ratio of 46.98, a current ratio of 0.94 and a quick ratio of 0.94.

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. The firm had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.51 billion. Gartner had a net margin of 11.44% and a return on equity of 161.39%. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.98 EPS. Gartner has set its FY 2026 guidance at 13.250- EPS. On average, analysts predict that Gartner, Inc. will post 13.61 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. The Goldman Sachs Group set a $162.00 price objective on Gartner in a report on Tuesday, May 5th. UBS Group lowered their target price on Gartner from $170.00 to $164.00 and set a “neutral” rating for the company in a research note on Friday, June 12th. Weiss Ratings upgraded Gartner from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday. Barclays cut their price target on Gartner from $180.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Friday, April 10th. Finally, Wells Fargo & Company decreased their price target on Gartner from $140.00 to $120.00 and set an “underweight” rating on the stock in a report on Wednesday, June 24th. Two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Gartner has an average rating of “Hold” and an average price target of $173.10.

Check Out Our Latest Analysis on Gartner

Gartner Company Profile

(Free Report)

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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