Triad Investment Management raised its position in Gartner, Inc. (NYSE:IT – Free Report) by 116.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,602 shares of the information technology services provider’s stock after buying an additional 12,696 shares during the quarter. Gartner comprises about 4.1% of Triad Investment Management’s portfolio, making the stock its 10th largest position. Triad Investment Management’s holdings in Gartner were worth $3,737,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Physician Wealth Advisors Inc. increased its stake in shares of Gartner by 143.9% in the 4th quarter. Physician Wealth Advisors Inc. now owns 100 shares of the information technology services provider’s stock valued at $25,000 after purchasing an additional 59 shares during the last quarter. DV Equities LLC acquired a new position in Gartner during the 4th quarter worth approximately $25,000. Rakuten Securities Inc. lifted its stake in Gartner by 1,980.0% in the 4th 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 during the last quarter. Entrust Financial LLC acquired a new stake in Gartner in the fourth quarter valued at approximately $26,000. Finally, Bell Investment Advisors Inc boosted its position in Gartner by 75.5% in the first quarter. Bell Investment Advisors Inc now owns 172 shares of the information technology services provider’s stock valued at $27,000 after buying an additional 74 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.
Gartner Price Performance
Shares of IT opened at $134.76 on Wednesday. The firm has a market cap of $9.02 billion, a PE ratio of 13.32, a price-to-earnings-growth ratio of 0.78 and a beta of 0.97. Gartner, Inc. has a 52-week low of $124.25 and a 52-week high of $360.49. The business’s 50 day moving average price is $145.35 and its two-hundred day moving average price is $164.84. The company has a debt-to-equity ratio of 46.98, a quick ratio of 0.94 and a current ratio of 0.94.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on the company. Weiss Ratings raised Gartner from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, July 15th. Wells Fargo & Company dropped their target price on Gartner from $140.00 to $120.00 and set an “underweight” rating for the company in a research report on Wednesday, June 24th. Morgan Stanley cut their price target on Gartner from $183.00 to $173.00 and set an “equal weight” rating on the stock in a research note on Friday, July 10th. Royal Bank Of Canada reduced 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. Finally, UBS Group dropped their price objective on shares of Gartner from $170.00 to $164.00 and set a “neutral” rating for the company in a report on Friday, June 12th. Two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Gartner has an average rating of “Hold” and an average price target of $173.10.
Check Out Our Latest Stock Report on Gartner
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.
Recommended Stories
- Five stocks we like better than Gartner
- Confidence Is Back, But Earnings Show the Consumer Is Being Picky
- AeroVironment’s Stock Is Down, But Drone Demand Is Taking Off
- 3M’s Redemption Arc: Can Q2 Earnings Change the Narrative?
- 3 Photonics Companies Making Quantum Tech Possible
Want to see what other hedge funds are holding IT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gartner, Inc. (NYSE:IT – Free Report).
Receive News & Ratings for Gartner Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gartner and related companies with MarketBeat.com's FREE daily email newsletter.
