Gartner, Inc. $IT Shares Bought by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S lifted its holdings in Gartner, Inc. (NYSE:IT) by 1,145.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 36,484 shares of the information technology services provider’s stock after buying an additional 33,555 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Gartner were worth $9,204,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Physician Wealth Advisors Inc. increased its position in shares of Gartner by 143.9% in the fourth quarter. Physician Wealth Advisors Inc. now owns 100 shares of the information technology services provider’s stock worth $25,000 after acquiring an additional 59 shares in the last quarter. Rakuten Securities Inc. increased its position in shares of Gartner by 1,980.0% in the fourth quarter. Rakuten Securities Inc. now owns 104 shares of the information technology services provider’s stock worth $26,000 after acquiring an additional 99 shares in the last quarter. Entrust Financial LLC purchased a new position in shares of Gartner in the fourth quarter valued at $26,000. Elyxium Wealth LLC purchased a new position in shares of Gartner in the fourth quarter valued at $28,000. Finally, Activest Wealth Management boosted its stake in shares of Gartner by 11,600.0% in the fourth quarter. Activest Wealth Management now owns 117 shares of the information technology services provider’s stock valued at $30,000 after purchasing an additional 116 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Analyst Upgrades and Downgrades

IT has been the subject of several analyst reports. The Goldman Sachs Group set a $162.00 target price on shares of Gartner in a research note on Tuesday, May 5th. Morgan Stanley decreased their target price 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. Barclays decreased their target price 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. Wells Fargo & Company reduced their price objective 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. Finally, Weiss Ratings downgraded Gartner from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, May 4th. 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 stock presently has an average rating of “Hold” and an average price target of $176.70.

Gartner Trading Down 0.5%

NYSE IT opened at $164.09 on Friday. Gartner, Inc. has a one year low of $139.18 and a one year high of $430.19. The company has a 50-day simple moving average of $155.37 and a 200-day simple moving average of $187.87. The company has a debt-to-equity ratio of 46.98, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market capitalization of $10.99 billion, a PE ratio of 16.21, a price-to-earnings-growth ratio of 0.90 and a beta of 0.94.

Gartner (NYSE:IT) last posted its quarterly earnings results on Tuesday, May 5th. The information technology services provider reported $3.32 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 business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same period in the previous year, the business posted $2.98 EPS. The company’s quarterly revenue was down 1.5% on a year-over-year basis. Gartner has set its FY 2026 guidance at 13.250- EPS. On average, equities analysts forecast that Gartner, Inc. will post 13.7 earnings per share for the current 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.