Gartner, Inc. $IT Shares Sold by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise cut its position in shares of Gartner, Inc. (NYSE:IT) by 49.3% during the first quarter, Holdings Channel.com reports. The firm owned 6,368 shares of the information technology services provider’s stock after selling 6,184 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Gartner were worth $1,009,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of IT. Physician Wealth Advisors Inc. lifted its holdings in Gartner by 143.9% in the fourth quarter. Physician Wealth Advisors Inc. now owns 100 shares of the information technology services provider’s stock valued at $25,000 after acquiring an additional 59 shares during the last quarter. DV Equities LLC acquired a new stake in Gartner during the fourth quarter worth $25,000. Rakuten Securities Inc. raised its position in Gartner by 1,980.0% in 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 Gartner in the fourth quarter valued at $26,000. Finally, Bell Investment Advisors Inc lifted its stake in shares of Gartner by 75.5% in the 1st quarter. Bell Investment Advisors Inc now owns 172 shares of the information technology services provider’s stock valued at $27,000 after purchasing an additional 74 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on IT shares. The Goldman Sachs Group set a $162.00 price objective on Gartner in a research report on Tuesday, May 5th. 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 report on Wednesday, May 6th. Wells Fargo & Company lowered their target price on shares of Gartner from $140.00 to $120.00 and set an “underweight” rating for the company in a research note on Wednesday. Royal Bank Of Canada dropped their price target on shares of Gartner from $175.00 to $160.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 6th. Finally, Weiss Ratings downgraded shares of Gartner from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday. Two analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Gartner has an average rating of “Hold” and a consensus target price of $174.10.

Gartner Stock Performance

Shares of Gartner stock opened at $135.11 on Friday. The business has a 50-day moving average of $151.15 and a 200 day moving average of $178.37. Gartner, Inc. has a 12 month low of $124.25 and a 12 month high of $409.76. The stock has a market capitalization of $9.05 billion, a price-to-earnings ratio of 13.35, a price-to-earnings-growth ratio of 0.74 and a beta of 0.94. 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, topping analysts’ consensus estimates of $2.99 by $0.33. The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.51 billion. Gartner had a net margin of 11.44% and a return on equity of 161.39%. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.98 earnings per share. Gartner has set its FY 2026 guidance at 13.250- EPS. As a group, sell-side analysts forecast that Gartner, Inc. will post 13.65 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.