Gartner, Inc. $IT Shares Sold by TD Asset Management Inc

TD Asset Management Inc lowered its stake in Gartner, Inc. (NYSE:IT) by 52.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 39,376 shares of the information technology services provider’s stock after selling 42,618 shares during the quarter. TD Asset Management Inc’s holdings in Gartner were worth $9,934,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Independent Franchise Partners LLP acquired a new stake in shares of Gartner in the third quarter valued at about $840,166,000. Capital International Investors purchased a new stake in Gartner during the 3rd quarter worth approximately $820,113,000. Norges Bank acquired a new position in shares of Gartner during the fourth quarter valued at approximately $299,576,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Gartner by 108,812.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,025,952 shares of the information technology services provider’s stock valued at $258,827,000 after acquiring an additional 1,025,010 shares in the last quarter. Finally, Bamco Inc. NY boosted its stake in shares of Gartner by 18.3% in the third quarter. Bamco Inc. NY now owns 4,322,113 shares of the information technology services provider’s stock worth $1,136,154,000 after acquiring an additional 669,352 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Gartner Trading Down 1.9%

IT opened at $157.38 on Wednesday. The stock has a market capitalization of $10.54 billion, a PE ratio of 15.55, a P/E/G ratio of 0.88 and a beta of 0.94. 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 one year low of $139.18 and a one year high of $430.19. The business’s 50 day moving average price is $155.48 and its 200 day moving average price is $186.65.

Gartner (NYSE:IT) last issued its quarterly earnings data on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.99 by $0.33. Gartner had a return on equity of 161.39% and a net margin of 11.44%.The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same period last year, the company earned $2.98 EPS. The company’s quarterly 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, equities research analysts expect that Gartner, Inc. will post 13.7 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Royal Bank Of Canada decreased their price target on shares of Gartner from $175.00 to $160.00 and set a “sector perform” rating on the stock in a research note on Wednesday, May 6th. UBS Group upped their price objective on shares of Gartner from $166.00 to $170.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. 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 note on Wednesday, May 6th. Wells Fargo & Company lowered their target price on Gartner from $150.00 to $140.00 and set an “underweight” rating on the stock in a report on Friday, March 27th. Finally, Weiss Ratings upgraded Gartner from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday. Two equities 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, Gartner currently has an average rating of “Hold” and a consensus 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.