UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Cuts Stock Holdings in Gartner, Inc. $IT

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its holdings in Gartner, Inc. (NYSE:IT) by 33.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 510,785 shares of the information technology services provider’s stock after selling 261,269 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Gartner were worth $66,208,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of IT. Cresset Asset Management LLC increased its holdings in Gartner by 3.3% during the third quarter. Cresset Asset Management LLC now owns 1,493 shares of the information technology services provider’s stock valued at $392,000 after buying an additional 47 shares during the period. Horizon Investments LLC lifted its holdings in Gartner by 4.3% during the fourth quarter. Horizon Investments LLC now owns 1,237 shares of the information technology services provider’s stock worth $312,000 after buying an additional 51 shares during the period. Brown Brothers Harriman & Co. boosted its position in Gartner by 5.8% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,019 shares of the information technology services provider’s stock valued at $268,000 after acquiring an additional 56 shares in the last quarter. Valeo Financial Advisors LLC boosted its position in Gartner by 8.8% during the 4th quarter. Valeo Financial Advisors LLC now owns 839 shares of the information technology services provider’s stock valued at $212,000 after acquiring an additional 68 shares in the last quarter. Finally, Mufg Securities Americas Inc. increased its holdings in shares of Gartner by 3.5% in the 2nd quarter. Mufg Securities Americas Inc. now owns 2,017 shares of the information technology services provider’s stock valued at $261,000 after acquiring an additional 68 shares during the period. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Gartner Price Performance

Shares of IT opened at $186.84 on Thursday. The company has a debt-to-equity ratio of 46.98, a current ratio of 0.88 and a quick ratio of 0.88. The company’s fifty day moving average price is $161.57 and its 200-day moving average price is $156.95. Gartner, Inc. has a 1-year low of $124.25 and a 1-year high of $265.85. The firm has a market capitalization of $11.80 billion, a PE ratio of 16.76, a price-to-earnings-growth ratio of 0.66 and a beta of 0.95.

Gartner (NYSE:IT) last issued its earnings results on Tuesday, August 4th. The information technology services provider reported $4.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.76 by $0.61. The company had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.65 billion. Gartner had a return on equity of 525.46% and a net margin of 11.99%.The firm’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter last year, the business posted $3.53 EPS. Gartner has set its FY 2026 guidance at 14.000- EPS. On average, equities research analysts predict that Gartner, Inc. will post 14.42 EPS for the current year.

Wall Street Analysts Forecast Growth

IT has been the subject of several recent research reports. Truist Financial set a $205.00 price target on Gartner in a research report on Wednesday, August 5th. Zacks Research raised Gartner from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. Morgan Stanley set a $177.00 target price on Gartner in a research note on Wednesday, August 5th. Wells Fargo & Company boosted their target price on shares of Gartner from $120.00 to $150.00 and gave the stock an “underweight” rating in a report on Wednesday, August 5th. Finally, BMO Capital Markets decreased their price target on shares of Gartner from $214.00 to $206.00 and set a “market perform” rating for the company in a research report on Tuesday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Gartner has an average rating of “Hold” and an average price target of $187.30.

Insider Buying and Selling at Gartner

In related news, Director Anne Sutherland Fuchs sold 860 shares of the business’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $184.30, for a total transaction of $158,498.00. Following the completion of the transaction, the director directly owned 8,097 shares in the company, valued at $1,492,277.10. The trade was a 9.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Robin B. Kranich sold 3,278 shares of the company’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $196.50, for a total transaction of $644,127.00. Following the completion of the sale, the executive vice president directly owned 20,358 shares in the company, valued at approximately $4,000,347. The trade was a 13.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 6,043 shares of company stock worth $1,172,858 in the last 90 days. Corporate insiders own 2.60% of the company’s stock.

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.