Korea Investment CORP Sells 24,437 Shares of Gartner, Inc. $IT

Korea Investment CORP decreased its holdings in shares of Gartner, Inc. (NYSE:IT) by 37.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,670 shares of the information technology services provider’s stock after selling 24,437 shares during the period. Korea Investment CORP owned 0.06% of Gartner worth $10,954,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Addison Advisors LLC bought a new position in shares of Gartner during the second quarter valued at approximately $27,000. Osterweis Capital Management Inc. purchased a new stake in Gartner in the second quarter worth $48,000. True Wealth Design LLC boosted its holdings in Gartner by 1,130.8% in the third quarter. True Wealth Design LLC now owns 160 shares of the information technology services provider’s stock valued at $42,000 after acquiring an additional 147 shares in the last quarter. Versant Capital Management Inc increased its position in Gartner by 1,284.6% during the 3rd quarter. Versant Capital Management Inc now owns 180 shares of the information technology services provider’s stock valued at $47,000 after purchasing an additional 167 shares during the period. Finally, Caldwell Trust Co purchased a new position in Gartner during the 2nd quarter valued at $81,000. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on IT shares. UBS Group set a $180.00 target price on shares of Gartner in a research report on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft set a $204.00 price target on shares of Gartner in a research note on Wednesday, February 4th. Barclays lowered their price objective on shares of Gartner from $260.00 to $180.00 and set an “equal weight” rating for the company in a report on Thursday, February 5th. Robert W. Baird set a $240.00 price objective on Gartner in a research report on Wednesday, February 4th. Finally, Wells Fargo & Company reduced their target price on Gartner from $218.00 to $150.00 and set an “underweight” rating on the stock in a report on Wednesday, February 4th. Four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $190.70.

Gartner Stock Performance

Shares of IT opened at $160.41 on Thursday. 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 $11.30 billion, a P/E ratio of 16.62, a P/E/G ratio of 1.59 and a beta of 1.08. The business’s 50 day moving average price is $192.83 and its 200-day moving average price is $225.84. Gartner, Inc. has a 52 week low of $139.18 and a 52 week high of $470.37.

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