Geode Capital Management LLC Trims Stake in Gartner, Inc. $IT

Geode Capital Management LLC lessened its stake in Gartner, Inc. (NYSE:IT) by 0.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,218,890 shares of the information technology services provider’s stock after selling 19,561 shares during the period. Geode Capital Management LLC owned 3.08% of Gartner worth $559,082,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in IT. Independent Franchise Partners LLP purchased a new position in Gartner in the 3rd quarter worth about $840,166,000. Capital International Investors purchased a new position in Gartner in the 3rd quarter worth about $820,113,000. Northwestern Mutual Wealth Management Co. increased its stake in Gartner by 108,812.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,025,952 shares of the information technology services provider’s stock worth $258,827,000 after buying an additional 1,025,010 shares during the period. Bamco Inc. NY increased its stake in Gartner by 18.3% in the 3rd quarter. Bamco Inc. NY now owns 4,322,113 shares of the information technology services provider’s stock worth $1,136,154,000 after buying an additional 669,352 shares during the period. Finally, AQR Capital Management LLC increased its stake in Gartner by 88.7% in the 3rd quarter. AQR Capital Management LLC now owns 1,245,952 shares of the information technology services provider’s stock worth $326,278,000 after buying an additional 585,766 shares during the period. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Truist Financial reduced their price target on shares of Gartner from $300.00 to $170.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. Barclays reduced their price target on shares of Gartner from $180.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Friday, April 10th. UBS Group raised their price target on shares of Gartner from $166.00 to $170.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Morgan Stanley dropped their target price on shares of Gartner from $200.00 to $183.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 6th. Finally, Royal Bank Of Canada dropped their target price on shares of Gartner from $175.00 to $160.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 6th. Two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $176.70.

Gartner Stock Up 0.8%

Shares of Gartner stock opened at $162.45 on Friday. 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, Inc. has a 1 year low of $139.18 and a 1 year high of $437.84. The firm’s 50-day moving average is $154.16 and its two-hundred day moving average is $190.02. The stock has a market cap of $10.88 billion, a price-to-earnings ratio of 16.05, a PEG ratio of 0.89 and a beta of 0.91.

Gartner (NYSE:IT) last issued its earnings results on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.51 billion. During the same period in the prior year, the business earned $2.98 EPS. The firm’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, research analysts expect that Gartner, Inc. will post 13.7 earnings per share for the current fiscal year.

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.