Intech Investment Management LLC Sells 7,330 Shares of Gartner, Inc. $IT

Intech Investment Management LLC lessened its position in shares of Gartner, Inc. (NYSE:IT) by 53.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,470 shares of the information technology services provider’s stock after selling 7,330 shares during the period. Intech Investment Management LLC’s holdings in Gartner were worth $1,701,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of IT. Brighton Jones LLC acquired a new position in shares of Gartner in the 4th quarter valued at about $309,000. Sivia Capital Partners LLC bought a new position in shares of Gartner during the 2nd quarter worth approximately $336,000. Resona Asset Management Co. Ltd. grew its position in shares of Gartner by 19.3% during the 2nd quarter. Resona Asset Management Co. Ltd. now owns 164,239 shares of the information technology services provider’s stock worth $66,321,000 after buying an additional 26,605 shares during the period. Andra AP fonden grew its position in shares of Gartner by 26.7% during the 2nd quarter. Andra AP fonden now owns 175,800 shares of the information technology services provider’s stock worth $71,062,000 after buying an additional 37,000 shares during the period. Finally, Eukles Asset Management increased its stake in shares of Gartner by 4.0% in the 2nd quarter. Eukles Asset Management now owns 8,232 shares of the information technology services provider’s stock valued at $3,328,000 after acquiring an additional 318 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Gartner Trading Up 2.6%

Shares of Gartner stock opened at $171.17 on Friday. The company has a market capitalization of $12.06 billion, a P/E ratio of 17.74, a price-to-earnings-growth ratio of 1.67 and a beta of 1.08. The stock has a fifty day simple moving average of $199.99 and a 200 day simple moving average of $228.19. Gartner, Inc. has a 12-month low of $139.18 and a 12-month high of $490.13. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 9.30.

Gartner (NYSE:IT) last posted its quarterly earnings data on Tuesday, February 3rd. The information technology services provider reported $3.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.50 by $0.44. Gartner had a net margin of 11.22% and a return on equity of 102.20%. The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.75 billion. During the same period in the previous year, the firm earned $5.45 EPS. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. Gartner has set its FY 2026 guidance at 12.300- EPS. On average, sell-side analysts anticipate that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on IT. Deutsche Bank Aktiengesellschaft set a $204.00 price target on shares of Gartner in a report on Wednesday, February 4th. Barclays reduced their target price on Gartner from $260.00 to $180.00 and set an “equal weight” rating for the company in a research note on Thursday, February 5th. UBS Group set a $180.00 price target on Gartner in a research note on Wednesday, February 4th. Weiss Ratings reissued a “sell (d+)” rating on shares of Gartner in a research note on Thursday, January 22nd. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of Gartner in a research report on Thursday, February 5th. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $190.70.

Insider Buying and Selling at Gartner

In other news, Director Stephen G. Pagliuca purchased 43,300 shares of the business’s stock in a transaction that occurred on Wednesday, December 10th. The shares were acquired at an average cost of $229.57 per share, for a total transaction of $9,940,381.00. Following the completion of the acquisition, the director owned 111,613 shares in the company, valued at $25,622,996.41. This trade represents a 63.38% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.30% of the stock is owned by insiders.

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.