Eurizon Capital SGR S.p.A. Invests $4.26 Million in Gartner, Inc. $IT

Eurizon Capital SGR S.p.A. acquired a new position in shares of Gartner, Inc. (NYSE:IT) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 16,877 shares of the information technology services provider’s stock, valued at approximately $4,258,000.

Several other hedge funds and other institutional investors have also made changes to their positions in IT. Independent Franchise Partners LLP acquired a new position in shares of Gartner during the third quarter worth approximately $840,166,000. Capital International Investors acquired a new position in shares of Gartner during the third quarter worth approximately $820,113,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Gartner by 108,812.1% during the fourth 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 boosted its position in shares of Gartner by 18.3% during 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 buying an additional 669,352 shares during the period. Finally, AQR Capital Management LLC boosted its position in shares of Gartner by 88.7% during the third 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. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Gartner Price Performance

NYSE IT opened at $179.87 on Tuesday. The stock has a market capitalization of $12.04 billion, a P/E ratio of 17.77, a P/E/G ratio of 0.89 and a beta of 0.94. Gartner, Inc. has a 1 year low of $139.18 and a 1 year high of $434.12. The business’s fifty day moving average is $154.58 and its two-hundred day moving average 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 announced its earnings results on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $1.51 billion. During the same period in the previous year, the business earned $2.98 EPS. The company’s revenue was down 1.5% on a year-over-year basis. Gartner has set its FY 2026 guidance at 13.250- EPS. On average, research analysts forecast that Gartner, Inc. will post 13.7 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. UBS Group upped their target price on Gartner from $166.00 to $170.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Barclays cut their target price on Gartner from $180.00 to $150.00 and set an “equal weight” rating for the company in a research report on Friday, April 10th. The Goldman Sachs Group set a $162.00 target price on Gartner in a research report on Tuesday, May 5th. Truist Financial cut their target price on Gartner from $300.00 to $170.00 and set a “buy” rating for the company in a research report on Friday, February 6th. Finally, BMO Capital Markets restated a “market perform” rating on shares of Gartner in a research report on Thursday, February 5th. Two analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target 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.