EULAV Asset Management Trims Stock Position in Gartner, Inc. $IT

EULAV Asset Management lowered its position in shares of Gartner, Inc. (NYSE:IT) by 83.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,209 shares of the information technology services provider’s stock after selling 180,991 shares during the period. EULAV Asset Management owned 0.05% of Gartner worth $9,135,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in Gartner by 5.3% during the third quarter. Vanguard Group Inc. now owns 10,082,185 shares of the information technology services provider’s stock valued at $2,650,304,000 after acquiring an additional 509,902 shares in the last quarter. Bamco Inc. NY grew its stake in 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 valued at $1,136,154,000 after acquiring an additional 669,352 shares in the last quarter. State Street Corp grew its stake in Gartner by 2.8% during the third quarter. State Street Corp now owns 3,510,206 shares of the information technology services provider’s stock valued at $922,728,000 after acquiring an additional 96,809 shares in the last quarter. Independent Franchise Partners LLP purchased a new position in Gartner during the third quarter valued at approximately $840,166,000. Finally, Capital International Investors purchased a new position in Gartner during the third quarter valued at approximately $820,113,000. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on IT. UBS Group boosted 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. Barclays cut their price target on shares of Gartner from $180.00 to $150.00 and set an “equal weight” rating for the company in a research note on Friday, April 10th. Morgan Stanley cut their price target on shares of Gartner from $200.00 to $183.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 6th. Royal Bank Of Canada cut 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 note on Wednesday, May 6th. Finally, Truist Financial cut their price target on shares of Gartner from $300.00 to $170.00 and set a “buy” rating for the company in a research note on Friday, February 6th. Two investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Gartner presently has a consensus rating of “Hold” and an average price target of $176.70.

Gartner Trading Down 0.5%

Shares of IT opened at $164.09 on Friday. The firm has a market cap of $10.99 billion, a price-to-earnings ratio of 16.21, a PEG ratio of 0.91 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 fifty-two week low of $139.18 and a fifty-two week high of $430.19. The firm has a 50 day moving average price of $155.37 and a 200-day moving average price of $187.87.

Gartner (NYSE:IT) last announced its quarterly earnings data on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share for the quarter, topping analysts’ consensus estimates of $2.99 by $0.33. The firm had revenue of $1.49 billion during 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 quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the business posted $2.98 EPS. Gartner has set its FY 2026 guidance at 13.250- EPS. As a group, equities research analysts forecast that Gartner, Inc. will post 13.7 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.