Ilmarinen Mutual Pension Insurance Co Buys 6,700 Shares of Gartner, Inc. $IT

Ilmarinen Mutual Pension Insurance Co increased its stake in Gartner, Inc. (NYSE:IT) by 29.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,177 shares of the information technology services provider’s stock after acquiring an additional 6,700 shares during the period. Ilmarinen Mutual Pension Insurance Co’s holdings in Gartner were worth $7,361,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IT. Physician Wealth Advisors Inc. boosted its stake in shares of Gartner by 143.9% during the fourth 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 period. Rakuten Securities Inc. boosted its stake in shares of Gartner by 1,980.0% during the fourth 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 period. Entrust Financial LLC purchased a new stake in shares of Gartner during the fourth quarter valued at approximately $26,000. Elyxium Wealth LLC bought a new stake in Gartner in the 4th quarter worth $28,000. Finally, Activest Wealth Management grew its holdings in Gartner by 11,600.0% in the 4th quarter. Activest Wealth Management now owns 117 shares of the information technology services provider’s stock worth $30,000 after acquiring an additional 116 shares during the last quarter. Institutional investors own 91.51% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on IT. Robert W. Baird set a $240.00 price target on shares of Gartner in a report on Wednesday, February 4th. BMO Capital Markets reissued a “market perform” rating on shares of Gartner in a report on Thursday, February 5th. The Goldman Sachs Group set a $162.00 price target on Gartner in a research report on Tuesday, May 5th. Royal Bank Of Canada dropped their price objective on Gartner from $175.00 to $160.00 and set a “sector perform” rating for the company in a report on Wednesday, May 6th. Finally, Morgan Stanley reduced their target price on Gartner from $200.00 to $183.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 6th. Two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $176.70.

Gartner Trading Up 0.6%

Shares of NYSE IT opened at $160.97 on Friday. Gartner, Inc. has a 1 year low of $139.18 and a 1 year high of $437.84. The stock has a market cap of $10.78 billion, a P/E ratio of 15.91, a price-to-earnings-growth ratio of 0.88 and a beta of 0.91. The firm has a 50-day moving average of $154.07 and a 200 day moving average of $190.21. The company has a debt-to-equity ratio of 46.98, a current ratio of 0.94 and a quick ratio of 0.94.

Gartner (NYSE:IT) last issued its quarterly earnings results on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same period last year, the company posted $2.98 EPS. Gartner’s revenue was down 1.5% on a year-over-year basis. Gartner has set its FY 2026 guidance at 13.250- EPS. As a group, sell-side analysts expect that Gartner, Inc. will post 13.7 EPS 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.