Gartner, Inc. $IT Shares Sold by Sustainable Growth Advisers LP

Sustainable Growth Advisers LP decreased its position in shares of Gartner, Inc. (NYSE:IT) by 15.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,243,148 shares of the information technology services provider’s stock after selling 223,623 shares during the quarter. Gartner makes up about 2.2% of Sustainable Growth Advisers LP’s portfolio, making the stock its 19th biggest holding. Sustainable Growth Advisers LP owned approximately 1.72% of Gartner worth $313,621,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Physician Wealth Advisors Inc. boosted its position in shares of Gartner by 143.9% during the 4th quarter. Physician Wealth Advisors Inc. now owns 100 shares of the information technology services provider’s stock valued at $25,000 after acquiring an additional 59 shares during the last quarter. Rakuten Securities Inc. lifted its position in 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 buying an additional 99 shares during the last quarter. Entrust Financial LLC acquired a new position in Gartner in the fourth quarter valued at about $26,000. Elyxium Wealth LLC acquired a new position in Gartner in the fourth quarter valued at about $28,000. Finally, Activest Wealth Management lifted its position in Gartner by 11,600.0% in 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 during the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Gartner Stock Up 10.9%

IT stock opened at $179.87 on Tuesday. The company’s 50 day moving average price is $154.58 and its 200 day moving average price is $189.38. 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, Inc. has a fifty-two week low of $139.18 and a fifty-two week high of $434.12. The firm has a market capitalization of $12.04 billion, a price-to-earnings ratio of 17.77, a PEG ratio of 0.89 and a beta of 0.94.

Gartner (NYSE:IT) last released its earnings results on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share for the quarter, topping analysts’ consensus estimates of $2.99 by $0.33. Gartner had a net margin of 11.44% and a return on equity of 161.39%. The firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same period in the prior year, the firm earned $2.98 earnings per share. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. Gartner has set its FY 2026 guidance at 13.250- EPS. On average, equities research analysts anticipate that Gartner, Inc. will post 13.7 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on IT. Morgan Stanley decreased their target price on shares of Gartner from $200.00 to $183.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 6th. The Goldman Sachs Group set a $162.00 target price on shares of Gartner in a research report on Tuesday, May 5th. Truist Financial decreased their target price on shares of Gartner from $300.00 to $170.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. Royal Bank Of Canada decreased their target price on shares of Gartner from $175.00 to $160.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 6th. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of Gartner in a research report on Thursday, February 5th. Two 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. Based on data from MarketBeat.com, Gartner presently has a consensus rating of “Hold” and an average target price of $176.70.

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.