Capital International Investors Purchases New Shares in Gartner, Inc. $IT

Capital International Investors purchased a new position in Gartner, Inc. (NYSE:IT) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 3,119,843 shares of the information technology services provider’s stock, valued at approximately $820,113,000. Capital International Investors owned approximately 4.12% of Gartner as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in Gartner during the 2nd quarter worth $394,133,000. Vanguard Group Inc. lifted its stake in shares of Gartner by 5.3% in the third quarter. Vanguard Group Inc. now owns 10,082,185 shares of the information technology services provider’s stock worth $2,650,304,000 after buying an additional 509,902 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of Gartner by 304.5% in the second quarter. AQR Capital Management LLC now owns 660,186 shares of the information technology services provider’s stock worth $266,860,000 after buying an additional 496,957 shares in the last quarter. Sustainable Growth Advisers LP boosted its position in Gartner by 71.7% during the second quarter. Sustainable Growth Advisers LP now owns 1,161,513 shares of the information technology services provider’s stock worth $469,507,000 after acquiring an additional 485,188 shares during the last quarter. Finally, Pacer Advisors Inc. grew its stake in Gartner by 150.6% during the 3rd quarter. Pacer Advisors Inc. now owns 712,252 shares of the information technology services provider’s stock valued at $187,230,000 after acquiring an additional 428,089 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on IT shares. Wells Fargo & Company cut their price objective on shares of Gartner from $218.00 to $150.00 and set an “underweight” rating for the company in a report on Wednesday, February 4th. Morgan Stanley dropped their price target on Gartner from $275.00 to $200.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 4th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $220.00 price target on shares of Gartner in a report on Thursday, February 5th. Deutsche Bank Aktiengesellschaft set a $204.00 price objective on Gartner in a research report on Wednesday, February 4th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Gartner in a report on Thursday, January 22nd. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $190.70.

Gartner Price Performance

IT stock opened at $159.08 on Wednesday. Gartner, Inc. has a 52-week low of $139.18 and a 52-week high of $471.68. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 9.30. The stock has a market cap of $11.21 billion, a price-to-earnings ratio of 16.49, a price-to-earnings-growth ratio of 1.67 and a beta of 1.08. The business has a fifty day moving average of $194.67 and a two-hundred day moving average of $226.30.

Gartner (NYSE:IT) last announced its quarterly earnings results on Tuesday, February 3rd. The information technology services provider reported $3.94 EPS for the quarter, beating the consensus estimate of $3.50 by $0.44. The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.75 billion. Gartner had a return on equity of 102.20% and a net margin of 11.22%.The company’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $5.45 EPS. Gartner has set its FY 2026 guidance at 12.300- EPS. As a group, research analysts anticipate that Gartner, Inc. will post 12.5 earnings per share for the current 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.