CIBC Asset Management Inc Has $4.31 Million Stock Holdings in Gartner, Inc. $IT

CIBC Asset Management Inc lifted its position in shares of Gartner, Inc. (NYSE:IT) by 60.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,097 shares of the information technology services provider’s stock after purchasing an additional 6,411 shares during the period. CIBC Asset Management Inc’s holdings in Gartner were worth $4,313,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Moran Wealth Management LLC acquired a new position in shares of Gartner during the 4th quarter worth about $3,516,000. CWM LLC grew its stake in Gartner by 86.4% in the 4th quarter. CWM LLC now owns 57,684 shares of the information technology services provider’s stock valued at $14,553,000 after buying an additional 26,734 shares during the last quarter. GHP Investment Advisors Inc. grew its stake in Gartner by 111.7% in the 4th quarter. GHP Investment Advisors Inc. now owns 25,569 shares of the information technology services provider’s stock valued at $6,451,000 after buying an additional 13,493 shares during the last quarter. Madison Asset Management LLC grew its stake in Gartner by 1.8% in the 3rd quarter. Madison Asset Management LLC now owns 715,811 shares of the information technology services provider’s stock valued at $188,165,000 after buying an additional 12,998 shares during the last quarter. Finally, Weitz Investment Management Inc. grew its stake in Gartner by 22.1% in the 3rd quarter. Weitz Investment Management Inc. now owns 107,375 shares of the information technology services provider’s stock valued at $28,226,000 after buying an additional 19,450 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Gartner Stock Performance

NYSE IT opened at $164.09 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 46.98. The company has a market capitalization of $10.99 billion, a P/E ratio of 16.21, a P/E/G ratio of 0.90 and a beta of 0.94. Gartner, Inc. has a 12-month low of $139.18 and a 12-month high of $430.19. The firm has a 50-day moving average price of $155.37 and a two-hundred day moving average price of $187.87.

Gartner (NYSE:IT) last posted its quarterly earnings data on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.99 by $0.33. The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate 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 quarter in the previous year, the firm posted $2.98 EPS. Gartner has set its FY 2026 guidance at 13.250- EPS. Analysts anticipate that Gartner, Inc. will post 13.7 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Wells Fargo & Company decreased their price target on shares of Gartner from $150.00 to $140.00 and set an “underweight” rating on the stock in a research note on Friday, March 27th. Morgan Stanley decreased their price target on shares of Gartner from $200.00 to $183.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 6th. The Goldman Sachs Group set a $162.00 price target on shares of Gartner in a research note on Tuesday, May 5th. Barclays decreased 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. Finally, UBS Group upped their price target on shares of Gartner from $166.00 to $170.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $176.70.

Gartner Company 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.