Capital International Inc. CA Acquires 49,697 Shares of Gartner, Inc. $IT

Capital International Inc. CA increased its holdings in shares of Gartner, Inc. (NYSE:IT) by 470.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 60,267 shares of the information technology services provider’s stock after purchasing an additional 49,697 shares during the period. Capital International Inc. CA’s holdings in Gartner were worth $15,204,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of IT. Independent Franchise Partners LLP bought a new stake in shares of Gartner during the 3rd quarter worth $840,166,000. Capital International Investors bought a new stake in shares of Gartner during the 3rd quarter worth $820,113,000. Norges Bank bought a new stake in shares of Gartner during the 4th quarter worth $299,576,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Gartner by 108,812.1% during 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 last quarter. Finally, Bamco Inc. NY lifted its position in shares of Gartner by 18.3% during 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 last quarter. 91.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on IT shares. Morgan Stanley dropped their price objective on Gartner from $200.00 to $183.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 6th. Wells Fargo & Company dropped their price objective on Gartner from $150.00 to $140.00 and set an “underweight” rating for the company in a research report on Friday, March 27th. The Goldman Sachs Group set a $162.00 target price on Gartner in a report on Tuesday, May 5th. Royal Bank Of Canada lowered their target price on Gartner from $175.00 to $160.00 and set a “sector perform” rating for the company in a report on Wednesday, May 6th. Finally, Weiss Ratings cut Gartner from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, May 4th. Two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $176.70.

Gartner Trading Up 0.0%

Shares of IT stock opened at $164.09 on Monday. The stock has a market cap of $10.99 billion, a price-to-earnings ratio of 16.21, a PEG ratio of 0.90 and a beta of 0.94. The stock has a 50-day moving average of $155.37 and a 200-day moving average of $187.60. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 46.98. Gartner, Inc. has a 1-year low of $139.18 and a 1-year high of $430.19.

Gartner (NYSE:IT) last issued its quarterly earnings results on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share for the quarter, beating the consensus estimate of $2.99 by $0.33. The company had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.51 billion. Gartner had a return on equity of 161.39% and a net margin of 11.44%.The business’s quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.98 earnings per share. Gartner has set its FY 2026 guidance at 13.250- EPS. On average, equities research analysts forecast that Gartner, Inc. will post 13.7 earnings per share for the current year.

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.