1,187,473 Shares in Gartner, Inc. $IT Acquired by Norges Bank

Norges Bank purchased a new position in shares of Gartner, Inc. (NYSE:IT) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 1,187,473 shares of the information technology services provider’s stock, valued at approximately $299,576,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Eurizon Capital SGR S.p.A. bought a new position in Gartner during the 4th quarter worth approximately $4,258,000. Rothschild Investment LLC grew its position in Gartner by 137.6% during the 4th quarter. Rothschild Investment LLC now owns 606 shares of the information technology services provider’s stock worth $153,000 after acquiring an additional 351 shares during the last quarter. SBI Okasan Asset Management Co.Ltd. bought a new position in Gartner during the 4th quarter worth approximately $660,000. Ilmarinen Mutual Pension Insurance Co grew its position in Gartner by 29.8% during the 4th quarter. Ilmarinen Mutual Pension Insurance Co now owns 29,177 shares of the information technology services provider’s stock worth $7,361,000 after acquiring an additional 6,700 shares during the last quarter. Finally, Eukles Asset Management grew its position in Gartner by 5.6% during the 4th quarter. Eukles Asset Management now owns 9,122 shares of the information technology services provider’s stock worth $2,301,000 after acquiring an additional 480 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors.

Gartner Price Performance

Shares of IT stock opened at $171.12 on Wednesday. The firm has a market cap of $11.46 billion, a P/E ratio of 16.91, a P/E/G ratio of 0.99 and a beta of 0.94. Gartner, Inc. has a fifty-two week low of $139.18 and a fifty-two week high of $433.43. The business’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 (NYSE:IT) last issued its quarterly earnings data 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. The firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.51 billion. Gartner had a return on equity of 161.39% and a net margin of 11.44%.The business’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period last year, the company earned $2.98 EPS. Gartner has set its FY 2026 guidance at 13.250- EPS. On average, equities research analysts anticipate that Gartner, Inc. will post 13.7 earnings per share for the current year.

Wall Street Analyst Weigh In

IT has been the topic of several recent research reports. UBS Group raised their price target on Gartner from $166.00 to $170.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. BMO Capital Markets reiterated a “market perform” rating on shares of Gartner in a research report on Thursday, February 5th. The Goldman Sachs Group set a $162.00 price objective on Gartner in a research report on Tuesday, May 5th. Wells Fargo & Company cut their price objective on Gartner from $150.00 to $140.00 and set an “underweight” rating on the stock in a research report on Friday, March 27th. Finally, Deutsche Bank Aktiengesellschaft set a $204.00 price objective on Gartner in a research report on Wednesday, February 4th. Two research 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 data from MarketBeat.com, Gartner has a consensus rating of “Hold” and an average target price of $176.70.

About Gartner

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.